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Jeff Labelle Facing Multiple Six-Figure Investor Disputes

Aug 13, 2021 Investor Disputes

Jeff Labelle (CRD #: 1547518), an investment adviser with Kovack Advisors, is involved in nine pending investor disputes, according to his BrokerCheck record, accessed on August 12, 2021. Labelle used to be registered as a broker, most recently with LPL Financial. He may also offer advisory services through Gulf Coast Wealth Advisors.

Pending Investor Disputes

There are three investor disputes from 2021 alleging that Labelle recommended unsuitable investments. FINRA defines “suitable” investments as investments that fit their investor’s risk tolerance and financial goals.

Investors should review the similar disputes from 2020:

  1. On November 25, 2020, an investor alleged that Jeff Labelle recommended unsuitable investments. The investor is seeking $150,000; the dispute is pending.
  2. On August 28, 2020, an investor alleged that Jeff Labelle recommended unsuitable investments. The investor is seeking $175,000; the dispute is pending.
  3. On July 1, 2020, an investor alleged that Jeff Labelle recommended unsuitable investments, and further alleged Labelle engaged in fraud and failed to perform his due diligence. The investor is seeking $100,000.01; the dispute is pending.
  4. On September 3, 2020, an investor alleged that Jeff Labelle misrepresented an investment and was negligent. They further allege unsuitability. The investor is seeking $350,000; the dispute is pending.
  5. On April 17, 2020, an investor alleged that Labelle engaged in negligence. The investor is seeking $300,000; the dispute is pending.

Settled Investor Disputes:

There are five settled investor disputes on Jeff Labelle’s record. In each dispute, investors alleged Jeff Labelle recommended unsuitable investments. These collectively settled for $159,750.

Jeff Labelle Background Information

Labelle has passed the following exams:

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

He has worked with the following firms:

  • LPL Financial (CRD #: 6413)
  • First Allied Securities (CRD #: 32444)
  • Woodbury Financial Services (CRD #: 421)
  • Next Financial Group (CRD #: 46214)
  • SII Financial Investments (CRD #: 2225)
  • Sentra Securities Corporation (CRD #: 10249)
  • Intersecurities (CRD #: 16164)
  • Morgan Keegan & Company (CRD #: 4161)
  • Legacy Financial Services (CRD #: 38697)
  • WMA Securities (CRD #: 32625)
  • Omni Financial Securities (CRD #: 29320)
  • Painewebber (CRD #: 8174)
  • Dean Witter Reynolds (CRD #: 7556)
  • Merrill Lynch, Pierce, Fenner & Smith

Kurta Law Can Help

If you worked with Jeff Labelle and you have concerns about your investments, contact Kurta Law today. Call 212-658-1502 or email jkurta@kurtalawfirm.com.