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Investor Alleges Jay Brownfield Misrepresented Annuity in Six-Figure Dispute

Nov 16, 2022 Misrepresentation

Jay Brownfield (CRD #: 2245339), a broker registered with Edward Jones, allegedly misrepresented an annuity, according to his BrokerCheck record, accessed on November 5, 2022. If you have questions about his conduct as a broker, keep reading.

Investor Dispute

On September 13, 2022, an investor alleged that Jay Brownfield misrepresented an American Legacy Fusion annuity purchased by the client. The client seeks $220,366.03 in damages in this pending dispute.

FINRA Rule 2020

FINRA Rule 2020 prohibits the use of manipulation, deception, and other unethical tactics to influence investors’ decisions. Misrepresentation of material facts about investments violates this rule.

FINRA Rule 2010

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

Background Information

Jay Brownfield has passed the following exams:

  • Series 65 – Uniform Investment Adviser Law Examination
  • Series 63 – Uniform Securities Agent State Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 7 – General Securities Representative Examination

Jay Brownfield is a registered broker in 25 states and the District of Columbia. He is also a registered investment adviser in North Carolina and Texas.

Kurta Law Can Help

If you worked with Jay Brownfield 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.