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Jon Best Allegedly Engaged in Unauthorized Trading

Jon Best (CRD #: 2225091), a broker registered with Raymond James Financial Services, is the subject of a FINRA investigation. This is according to his BrokerCheck record, accessed on June 4, 2024. Keep reading if you have questions regarding his alleged conduct. 

Investigation 

On April 12, 2024, FINRA made a preliminary determination to recommend that disciplinary action be brought against Jon Best alleging violations of FINRA Rule 2010 when he allegedly affected unauthorized trades in a customer’s account and submitted false attestations to a FINRA member firm. 

Customer Dispute 

On November 4, 2020, an investor alleged that Jon Best recommended unsuitable investments and engaged in unauthorized trading. The investor is seeking $275,000. 

Unauthorized Trading

Unauthorized trading violates FINRA Rule 3260, which limits brokers to exercising their trading discretion in pre-approved discretionary accounts.

High Standards of Commercial Honor 

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade. Unauthorized trading violates this rule. 

Background Information 

Jon Best has passed the following exams: 

  • 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 Representative Examination 

He is a registered broker in 16 states and Puerto Rico. He is a registered investment adviser in Texas. 

During his 32 years of experience, Jon Best has registered with four firms: 

  • Raymond James Financial Services (CRD #: 6694) 
  • Raymond James Financial Services Advisors (CRD #: 149018) 
  • Primevest Financial Services (CRD #: 15340) 
  • Aragon Financial Services (CRD #: 16023) 

Kurta Law Can Help 

If you have worked with Jon Best and have concerns about your investments, do not hesitate to contact us at 877-600-0098 or email info@kurtalawfirm.com for a free consultation. 

For nearly 20 years, Kurta Law has advocated for investors 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. Do not let securities fraud go unchecked. Start your recovery process today.

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