Jon Vinge Allegedly Violated Multiple FINRA Rules

Jon Vinge (CRD #: 4445831), a broker registered with Intervest International Equities, allegedly committed several violations of FINRA regulations, according to his BrokerCheck record, accessed on August 28, 2022. Investors may have also worked with him through Intervest International. Read on to learn more about his conduct as a broker.

Investor Dispute

On June 28, 2022, several investors alleged that Jon Vinge made material misrepresentations, omitted material information, failed to supervise, breached his contract, violated multiple FINRA rules, and recommended unsuitable investments. 

The clients seek $373,000 in this pending dispute.

FINRA Rule 2020

FINRA Rule 2020 bans the use of fraudulent tactics, like deception or manipulation, in the course of purchasing or selling securities. This includes the misrepresentation of information relating to investments.

FINRA Rule 3110

FINRA Rule 3110 requires that firms establish supervisory systems designed to detect and prevent violations of securities regulations. Firms must ensure their supervisors have adequate training or experience and provide Written Supervisory Procedures (WSPs) to guide them.

FINRA Rule 2111

FINRA Rule 2111 defines suitable investments as securities that fit an investor’s profile. Brokers must take into account an investor’s tax status, age, risk tolerance, and other information described in their profile.

• Investments can be unsuitable because they are high-risk and more likely to cause losses for the client.
• Investments may also be unsuitable because they are illiquid. Certain securities are meant to be held for an extended time and can penalize investors with high fees if they try to cash out too soon.
• Trading activity can be quantitatively unsuitable, which means that the broker executed an excessive number of trades.
• Overall investment strategies can also be unsuitable—overconcentration in a singular stock or sector is a common example.

Investors who rely on their brokers for recommendations may be able to recover their losses through FINRA arbitration.

Background Information

Jon Vinge 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 6 – Investment Company Products/Variable Contracts Representative Examination

Jon Vinge is a registered broker in 31 states and the District of Columbia. He is also a registered investment adviser in 14 states.

He has also worked for the following firms:

• Centara Capital Management Group (CRD#:114880)
• Centara Capital Securities (CRD#:130702)
• First Command Financial Planning (CRD#:3641)
• First Command Bank (CRD#:128851)

Kurta Law Can Help

If you worked with Jon Vinge 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.