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Jason Gatts Allegedly Engaged in Gross Negligence

Jan 18, 2023 Negligence

Jason Gatts (CRD #: 1034283), a broker registered with Securities America, is involved in a pending dispute, according to his BrokerCheck record, accessed on January 10, 2023. Investors may have also worked with him through The Gatts Group. Keep reading to learn more about his alleged conduct as a broker.

Investor Dispute

On October 12, 2022, an investor alleged that Jason Gatts “mishandled” beneficiary change forms, specifically misrepresenting when these forms were received. The client alleged that this led them to lose half of their inheritance. They additionally alleged that Jason Gatts committed gross negligence, negligent misrepresentation, and negligent undertaking.

The client seeks $2,167,458 in damages.

FINRA Rule 2020

FINRA Rule 2020 prohibits the use of manipulative, deceptive, and other fraudulent tactics to influence the purchase or sale of securities. The misrepresentation or omission of information related to investments violates this rule.

What qualifies as broker negligence?

Many types of broker misconduct may qualify as negligence. Typical examples include excessive trading, unsuitable investment recommendations, and misrepresentations or omissions of fact.

Investors who believe their losses are the result of broker negligence may be able to recover their funds by seeking out FINRA arbitration.

Background Information

Jason Gatts has passed the following exams:

  • Series 63 – Uniform Securities Agent State Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 7 – General Securities Representative Examination
  • Series 22 – Direct Participation Programs Representative Examination
  • Series 6 – Investment Company Products/Variable Contracts Representative Examination

Jason Gatts is a registered broker in 11 states and a registered investment adviser in Texas.

He has also worked for the following firms:

  • Securities America Advisors (CRD#:110518)
  • LPL Financial (CRD#:6413)
  • 360 Wealth Management (CRD#:164109)
  • Argentus Securities (CRD#:45915)
  • Cigna Financial Advisors (CRD#:145)
  • PFS Sales (CRD#:5309)

Kurta Law Can Help

If you worked with Jason Gatts and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm and exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf.