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Jason Wagoner Involved in a $25 Million Investor Dispute

Jason Wagoner (CRD #: 2449885), a broker registered with Fidelity Distributors Company, is facing a $25 million investor dispute. This is according to his BrokerCheck record, accessed on November 2, 2023. Investors who have concerns about his alleged conduct should keep reading. 

According to allegations filed on August 21, 2023, Jason Wagoner recommended unsuitable fixed-income mutual funds. The mutual funds were allegedly unsuitable because they were subject to principal loss. The institutional investor, which is an SEC-registered company, is seeking $25 million. 

What is an Unsuitable Investment?

FINRA Rule 2111 requires brokers to evaluate whether an investment strategy fits their investor’s financial goals. Brokers must examine the investor’s profile, which contains the following investor characteristics:

  • Risk tolerance
  • Liquidity needs
  • Tax status
  • Financial goals

Institutional investors who rely on brokers for recommendations may be able to recover losses from unsuitable investment recommendations by pursuing FINRA arbitration.

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade. Violations of FINRA Rule 2111 also violate this rule. 

Background Information 

Jason Wagoner 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 
  • Series 6 Investment Company Products/Variable Contracts Representative Examination 
  • Series 24 General Securities Principal Examination 

He is a registered broker in 50 states, D.C., and Puerto Rico. 

During his 29 years of experience, Jason Wagoner has registered with two firms: 

  • Fidelity Distributors Company (CRD #: 17507) 
  • Integrity Investments (CRD #: 31017) 

Kurta Law Can Help

If you worked with Jason Wagoner and 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 that 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.