Jason Plucinak Embroiled in a Dispute Alleging Misrepresentations and Omissions

Jason Plucinak (CRD #: 4889443), a broker registered with Sequence Financial Specialists, allegedly violated several FINRA rules, according to his BrokerCheck record, accessed on January 19, 2023. Keep reading if you have questions about his alleged conduct as a broker.

Investor Dispute

On December 2, 2022, an investor filed a dispute alleging that Jason Plucinak made misrepresentations and omissions and violated the suitability rule, as well as other FINRA rules. The client seeks $150,000 in damages in this pending dispute.

FINRA Rule 2020

FINRA Rule 2020 bans the use of manipulative, deceptive, or otherwise fraudulent methods to influence investors’ decisions. Misrepresenting or omitting information about an investment’s limitations, requirements, or other features violates this rule.

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, age, risk tolerance, and other information contained in their profile.

Securities may be unsuitable for an investor because they are high-risk, leading to losses, or because their lack of liquidity makes them difficult to sell in the short term.

Overall trading activity can also be quantitatively unsuitable. Churning, or excessive trading, can cut into clients’ returns so severely that the investor doesn’t make any profit.

Suitability also applies to investment strategies. Overconcentration, for example, can expose an investor to a level of risk that doesn’t suit their financial goals.

Investors who rely on brokers for recommendations may be able to recover their losses by seeking out FINRA arbitration.

Background Information

Jason Plucinak has passed the following exams:

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

Jason Plucinak is a registered broker in all 50 states and the District of Columbia.

He has also worked for the following firms:

• International Assets Advisory (CRD#:10645)
• Emerson Equity (CRD#:130032)
• Arque Capital (CRD#:121192)
• Ameriprise Financial Services (CRD#:6363)
• Northwestern Mutual Investment Services (CRD#:2881)

Kurta Law Can Help

If you worked with Jason Plucinak 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.