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Investors Allege Jason Holowinski Recommended Unsuitable and Aggressive Investments

May 3, 2023 Unsuitable Investments

Jason Holowinski (CRD #: 2390903), a broker registered with Janney Montgomery Scott, allegedly made unsuitable investment recommendations, according to his BrokerCheck record, accessed on April 25, 2023. Keep reading if you want to know more about his alleged conduct as a broker.

Investor Disputes

Five disputes filed in February and March 2023 alleged that Jason Holowinski recommended unsuitable investments. Investors alleged that these recommendations occurred during a collective time frame spanning December 2015 to December 2022. Investors sought over $1.2 million, but the firm denied all of the disputes. 

Investors should be aware, however, that firms don’t need to allow an external review before denying disputes. Investors can still seek out FINRA arbitration and may be able to recover their losses following a denial.

One dispute, dated March 3, 2023, alleged that Jason Holowisnki purchased unsuitable investments and executed trades against the client’s specific instructions from December 2015 to December 2022. The client sought $604,277 in damages in this denied dispute.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to tailor their investment recommendations to suit investors’ profiles. These profiles contain information about investors’ risk tolerance, tax status, and investment goals.

Investment strategies must also serve investors’ goals. Overconcentration in a particular sector or stock is often an unsuitable investment strategy, due to the high degree of risk.

Investors who rely on brokers for investment recommendations can pursue FINRA arbitration and potentially recover their losses.

FINRA Rule 5310

FINRA Rule 5310 requires brokers to execute clients’ transactions according to their instructions.

Background Information

Jason Holowinski has passed the following exams:

  • Series 63 – Uniform Securities Agent State Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 31 – Futures Managed Funds Examination
  • Series 7 – General Securities Representative Examination
  • Series 6 – Investment Company Products/Variable Contracts Representative Examination

Jason Holowinski is a registered broker in 28 states and the District of Columbia. He is also a registered investment adviser in New Jersey, New York, Pennsylvania, Texas, and the District of Columbia.

He has also worked for the following firms:

  • A. G. Edwards & Sons (CRD#:4)
  • PaineWebber (CRD#:8174)
  • First Investors Corporation (CRD#:305)

Kurta Law Can Help

If you worked with Jason Holowinski and you have concerns about your investments, please contact us today at 877-600-0098 or 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.