Jason Valavanis Allegedly Sold Client Unsuitable REITs
Jason Valavanis (CRD #: 2453018), a broker registered with J.W. Cole Financial, allegedly sold unsuitable REITs to a client, according to his BrokerCheck record, accessed on November 13, 2022. Read on to learn more about his conduct as a broker.
On August 23, 2022, an investor alleged that Jason Valavanis sold them illiquid non-traded real estate investment trusts (REITs) that were unsuitable for their portfolio. The client seeks $70,000 in this pending dispute.
FINRA Rule 2111
FINRA Rule 2111 requires brokers to tailor their investment recommendations to suit investors’ profiles. These profiles describe investors’ risk tolerance, tax status, and other characteristics.
Investors who rely on their broker for recommendations may be able to recover their funds through FINRA arbitration.
What is a real estate investment trust?
A real estate investment trust (REIT) allows investors to pool their funds together in a portfolio of real estate and earn returns without the responsibility of managing the properties themselves. However, the lack of liquidity associated with REITs may make them unsuitable for some investors.
Jason Valavanis has passed the following exams:
- Series 63 – Uniform Securities Agent State Law Examination
- SIE – Securities Industry Essentials Examination
- Series 31 – Futures Managed Funds Examination
- Series 7 – General Securities Representative Examination
- Series 6 – Investment Company Products/Variable Contracts Representative Examination
- Series 24 – General Securities Principal Examination
- Series 26 – Investment Company Products/Variable Contracts Principal Examination
Jason Valavanis is a registered broker in ten states.
He has also worked for the following firms:
- LPL Financial (CRD#:6413)
- MetLife Securities (CRD#:14251)
- Metropolitan Life Insurance Company (CRD#:4095)
Kurta Law Can Help
If you worked with Jason Valavanis and you have concerns about your investments, please contact us today at 877-600-0098 or email@example.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.