Investors Allege that Jason Lamb Gave Unsuitable Investment Recommendations

Jason Lamb (CRD #: 3248356), a broker registered with Arete Wealth Management, allegedly made unsuitable investment recommendations, according to his BrokerCheck record, accessed on October 30, 2024. If you have questions about his alleged conduct as a broker, keep reading.

Investor Disputes

Two disputes filed on August 23, 2024, allege that Jason Lamb recommended unsuitable investments. These disputes were settled for a total of $210,000.

Six other disputes filed on August 23, 2024, also allege that Jason Lamb made unsuitable investment recommendations. These disputes seek a collective $870,000 in damages.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to recommend securities that sufficiently suit an investor’s financial goals. Brokers must use the information in an investor’s profile, such as their investing experience, risk tolerance, and tax status when making recommendations.

Investors who feel their losses were caused by unsuitable investment recommendations may be able to recover their funds through FINRA arbitration.

Background Information

Jason Lamb has passed the following exams:

• Series 63 – Uniform Securities Agent State Law Examination
• Series 99TO – Operations Professional Examination
• Series 52TO – Municipal Securities Representative Examination
• SIE – Securities Industry Essentials Examination
• Series 7 – General Securities Representative Examination
• Series 51 – Municipal Fund Securities Principal Examination
• Series 24 – General Securities Principal Examination

He has also worked for the following firms:

• Center Street Securities (CRD#:26898)
• ProEquities (CRD#:15708)
• American Express Financial Advisors (CRD#:6363)
• IDS Life Insurance Company (CRD#:6321)

Kurta Law Can Help

If you worked with Jason Lamb 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 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.