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Jason Rutledge Involved in Investor Dispute Alleging Unauthorized Transactions

Feb 28, 2022 Unauthorized Trading

Jason Rutledge (CRD #: 4675921), a broker and investment advisor registered with Edward Jones, is involved in an investor dispute, according to his BrokerCheck record, accessed on February 19, 2022. 

According to the allegations filed on December 6, 2021, Jason Rutledge sold 86 Amazon shares without his clients’ authorization. The case is still pending.

Unauthorized trading occurs when a broker executes securities transactions without authorization from their client. Unless an account has been approved for discretionary trading, a broker must always have authorization from an investor before executing any trades. 

FINRA Rules 3260 and 2010

FINRA Rule 3260 states that brokers may only execute unauthorized trades in discretionary accounts. For non-discretionary accounts, investors must always seek their customer's authorization. 

Making unauthorized trades in or facilitating unauthorized withdrawals from a customer's account is a breach of the duty to observe high standards of commercial honor and just and equitable principles, in violation of FINRA Rule 2010.

Background Information

Jason Rutledge 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 Rutledge is a registered broker in 24 states. He is also a registered investment advisor in Texas and Kansas.

Besides Edward Jones, Jason Rutledge has not worked with any other firm.

Kurta Law Can Help

If you have worked with Jason Rutledge and have concerns about your investments, don't hesitate to contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For nearly 20 years, Kurta Law has advocated for investors 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.