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Investor Alleges Jason Layland Recommended Unsuitable Annuity

Feb 24, 2023 Unsuitable Investments

Jason Layland (CRD #: 4799825), a broker registered with Cambridge Investment Research, allegedly made an unsuitable investment annuity, according to his BrokerCheck record, accessed on February 15, 2023. Investors may have also worked with him through Cambridge Investment Research Advisors. Keep reading if you have questions about his alleged conduct as a broker.

Investor Dispute

On January 25, 2023, an investor filed a dispute alleging that Jason Layland recommended an unsuitable annuity. The client seeks $100,000 in damages in this pending dispute.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to evaluate whether an investment fits their investor’s financial goals. Brokers must take into account an investor’s tax status, age, risk tolerance, and other information described in their profile.

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

Background Information

Jason Layland has passed the following exams:

  • Series 66 – Uniform Combined State Law Examination
  • Series 63 – Uniform Securities Agent State Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 7 – General Securities Representative Examination

Jason Layland is a registered broker in 20 states and a registered investment adviser in California and Texas.

He has also worked for the following firms:

  • Woodbury Financial Services (CRD#:421)
  • Questar Asset Management (CRD#:133358)
  • Questar Capital Corporation (CRD#:43100)
  • Merrill Lynch, Pierce, Fenner & Smith (CRD#:7691)
  • Banc of America Investment Services (CRD#:16361)
  • Edward Jones (CRD#:250)
  • E*Trade Securities (CRD#:29106)

Kurta Law Can Help

If you worked with Jason Layland 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.