Jeremy Jacobson Allegedly Executed Unauthorized Trades
Jeremy Jacobson (CRD #: 4437801), is facing a FINRA suspension, according to his BrokerCheck record, accessed on July 25, 2023. This suspension followed allegations of unauthorized trading. Keep reading for more detail.
On June 6, 2023, Jeremy Jacobson entered into an Acceptance, Waiver, and Consent agreement (AWC) in which he consented to the findings that he executed trades with a total value of approximately $1.1 million without his customer’s authorization. During the relevant period, LPL Financial did not allow its brokers to engage in discretionary trading. Jeremy Jacobson allegedly earned $7,887 in total commissions for these trades.
FINRA Rule 2010
The AWC alleges Jeremy Jacobson’s unauthorized trading violated FINRA Rule 2010. FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade.
As part of the terms of the AWC, Jeremy Jacobson consented to a $5,000 fine and a three-month suspension. He also consented to repay the $7,887 earned in commissions, plus interest.
You can read a copy of the AWC here.
Background Information
Jeremy Jacobson has passed the following exams:
- Series 66 Uniform Combined State Law Examination
- SIE – Securities Industry Essentials Examination
- Series 7 General Securities Representative Examination
- Series 10 General Securities Sales Supervisor – General Module Examination
- Series 9 General Securities Sales Supervisor – Options Module Examination
He has also registered with the following firms:
- LPL Financial (CRD #: 6413)
- Raymond James & Associates (CRD #: 705)
- Morgan Keegan & Company (CRD #: 4161)
- UBS Financial Services (CRD #: 8174)
Kurta Law Can Help
If you worked with Jeremy Jacobson 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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