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Jay Parrish Embroiled in a $3 Million Investor Dispute

Jay Parrish (CRD #: 4951494), a broker registered with Dempsey Lord Smith, allegedly gave an unsuitable investment recommendation, according to his BrokerCheck record, accessed on October 10, 2022. Read on if you want to know more about his conduct as a broker.

Investor Dispute

On July 18, 2022, an investor alleged that Jay Parrish recommended an unsuitable investment. The client seeks $3 million in this pending dispute.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to tailor their investment recommendations to suit investors’ profiles. These profiles include information about an investor’s financial goals, age, and other characteristics.

Investors who rely on brokers for investment recommendations can potentially recover their losses by pursuing FINRA arbitration.

Background Information

Jay Parrish 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
  • Series 6 – Investment Company Products/Variable Contracts Representative Examination

Jay Parrish is a registered broker in 10 states and a registered investment adviser in Florida.

He has also worked for the following firms:

  • Edward Jones (CRD#:250)
  • Hornor, Townsend & Kent (CRD#:4031)
  • PFS Investments (CRD#:10111)

Kurta Law Can Help

If you worked with Jay Parrish 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. 

 

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