Jason Pintus Named in Churning Allegations

Jason Pintus (CRD #: 5239408), a broker registered with Monmouth Capital Management, allegedly executed an excessive number of trades in a client’s account, according to his BrokerCheck record, accessed on January 3, 2023. Read on if you have questions about his alleged conduct as a broker.

Investor Dispute

On October 24, 2022, an investor alleged that Jason Pintus engaged in churning. The dispute also mentions suitability, the misrepresentation and omission of facts, negligence, and a breach of contract. The client seeks $105,055.67 in this pending dispute.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to recommend securities that sufficiently suit an investor’s financial goals. Brokers must take into account an investor’s tax status, risk tolerance, and other information described in their profile.

Brokers who execute an excessive number of trades (also known as churning) generate trading fees and commissions that can cut into an investor’s returns so severely that the client doesn’t make any profit.

Investors who rely on their broker for recommendations may be able to recoup their losses through FINRA arbitration.

FINRA Rule 2020

FINRA Rule 2020 forbids the use of manipulative, deceptive, and otherwise fraudulent methods to influence the purchase and sale of securities. Misrepresenting an investment’s potential returns, risks, or other features violates this rule.

FINRA Rule 2010

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

What qualifies as broker negligence?

Brokers may act in many negligent ways, ranging from recommending unsuitable investments to executing unauthorized trades. Investors who have lost money through broker negligence may be able to recover their funds by seeking out FINRA arbitration.

Background Information

Jason Pintus has passed the following exams:

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

Jason Pintus is a registered broker in 11 states and the District of Columbia.

He has also worked for MML Investors Services (CRD#:10409) and Legend Securities (CRD#:44952).

Kurta Law Can Help

If you worked with Jason Pintus 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.