Jason Head Barred by FINRA for Alleged Conversion of Investor Funds

Jason Head (CRD #: 4920135), a broker formerly registered with Morgan Stanley, has been barred by FINRA. This is according to his BrokerCheck record, accessed on February 28, 2025. Investors who have questions about his alleged conduct should keep reading. 

Bar by FINRA

On January 15, 2025, Jason Head consented to the entry of findings that he allegedly converted more than $498,000 from two Morgan Stanley customers between at least July 2020 through November 2023.

According to a Letter of Acceptance, Waiver & Consent (AWC), Jason Head allegedly withdrew at least $231,733 from five accounts belonging to Customer A, primarily by wiring funds from brokerage, advisory, and line of credit accounts to bank accounts Jason Head controlled.

Jason Head allegedly also withdrew at least $267,000 from Customer B’s liquidity access line of credit account held with a Morgan Stanley affiliate. In one instance, he allegedly persuaded Customer B to authorize a withdrawal by falsely claiming that it was in connection with an opportunity to invest in an initial public offering.

The AWC concluded that these allegations constitute violations of FINRA Rules 2150(a) and 2010.

FINRA Rule 2150

FINRA Rule 2150(a) prohibits the improper use of investors’ funds.

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade.

Sanctions

FINRA permanently barred Jason Head on January 15, 2025. You can access the full AWC here.

Criminal Charge

On September 26, 2024, a criminal charge of bank embezzlement was entered against Jason Head. This charge is currently pending.

Investor Allegations

On September 25, 2024, an investor alleged that Jason Head misappropriated funds from his account. This dispute is currently pending.

In another pending dispute, filed on February 12, 2024, an investor named Jason Head in allegations that she did not authorize activity related to her liquidity access line between 2021 and 2024.

Background Information 

Jason Head has passed the following exams:

• Series 63 Uniform Securities Agent State Law Examination 
• Series 65 Uniform Investment Adviser Law Examination 
• SIE – Securities Industry Essentials Examination 
• Series 7 General Securities Representative Examination 
• Series 6 Investment Company Products / Variable Contracts Representative Examination 

He has registered with the following firms in the past: 

• Morgan Stanley (CRD #: 149777) 
• BBVA Securities (CRD #: 27060) 
• BBVA Compass Investment Solutions (CRD #: 17086) 
• Compass Brokerage (CRD #: 17086) 

Kurta Law Can Help 

If you have worked with Jason Head and have concerns about your investments, do not hesitate to contact us at 877-600-0098 or email 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 that 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.