Jonathan David Fike (CRD #2708157) Has Customer Dispute Disclosures on FINRA BrokerCheck

Jonathan David Fike (CRD #2708157) is a broker with customer disputes on FINRA BrokerCheck. We reviewed his BrokerCheck report on January 27, 2026. It reflects two customer dispute disclosures. If you invested with Jonathan Fike and have concerns, keep reading.

BrokerCheck link: BrokerCheck

BrokerCheck report: BrokerCheck Report (PDF)

Investor Disputes / Customer Complaints

Jonathan Fike’s FINRA BrokerCheck Report reflects two customer dispute disclosures. Summaries of the disputes are below:

On November 10, 2025, a claimant alleged a conservation easement purchased in 2016 caused unexpected tax consequences. Jonathan Fike’s FINRA BrokerCheck lists the product as “Other: Conservation Easement.” The dispute is pending in FINRA arbitration under docket 25-02366.

On September 9, 2020, a client alleged AAPL stock shares were sold without consulting her. Jonathan Fike’s FINRA BrokerCheck lists Advisory Services Network, LLC as the employing firm at the time. It lists alleged damages of $24,661 and the product as listed equity. The firm denied the complaint on September 30, 2020. It said the account had written discretionary trading authority.

Rule Summary #1: FINRA Rule 3260 (Discretionary Accounts)

FINRA Rule 3260 (Discretionary Accounts) addresses discretionary accounts. It requires written customer authorization and firm acceptance before a broker trades without prior approval. It also requires supervision of discretionary activity.

Rule Summary #2: FINRA Rule 2111 (Suitability)

FINRA Rule 2111 (Suitability) requires a reasonable basis for each recommendation. A broker should match a recommendation to the customer’s investment profile. That includes risk tolerance, liquidity needs, and time horizon.

Why This Matters to Investors (Regulation Best Interest)

Regulation Best Interest (Reg BI) is a U.S. securities regulation designed to strengthen the standard of conduct that broker-dealers owe to retail investors when making recommendations about securities transactions or investment strategies. Adopted by the U.S. Securities and Exchange Commission and effective as of June 30, 2020, Reg BI aims to enhance investor protection while preserving investor access to brokerage products and services.

Reg BI requires broker-dealers and financial advisors to act in the best interest of the retail customer at the time a recommendation is made, and not to place their own financial or other interests ahead of the customer’s. This represents a higher standard than the historical “suitability” requirement, which only required that recommendations be suitable, not necessarily optimal or conflict-free.

Reg BI is built around four key obligations:

1. Disclosure Obligation – Broker-dealers must disclose material facts about the relationship and recommendations, including fees, scope of services, and conflicts of interest.
2. Care Obligation – Recommendations must be made with reasonable diligence, care, and skill, considering costs, risks, and alternatives.
3. Conflict of Interest Obligation – Firms must identify, disclose, and mitigate or eliminate conflicts, particularly those that create incentives to favor one product over another.
4. Compliance Obligation – Firms must establish policies and procedures designed to ensure compliance with Reg BI as a whole.

Importantly, Reg BI applies at the recommendation level, not as a continuous duty like the fiduciary standard applicable to registered investment advisers. Still, it significantly narrows the gap by emphasizing cost considerations, conflict management, and investor-focused decision-making.

Overall, Regulation Best Interest seeks to promote transparency, improve the quality of investment recommendations, and reinforce trust between retail investors and broker-dealers in the U.S. securities markets.

Background Information (from BrokerCheck)

Based on His FINRA BrokerCheck report, Jonathan Fike:

Is currently registered with Kovack Securities, Inc.

Has passed the Securities Industry Essentials (SIE) exam. Jonathan Fike has passed Series 7 and Series 6. He has also passed Series 66 and Series 63.

Was previously registered with firms that include Thrivent Investment Management Inc. and Resource Horizons Group LLC.

Kurta Law Can Help

If you have worked with Jonathan Fike and you have concerns about his activity, Kurta Law may be able to help you evaluate your legal options. To speak with Kurta Law, call 877-600-0098 or email info@kurtalawfirm.com.

Helpful resources: Unauthorized Trading | Unsuitable Investments

For nearly 20 years, Kurta Law has advocated for investors and helped hold financial professionals accountable. Our firm represents clients nationwide in securities arbitration and related disputes. If you believe a broker or firm mishandled your account, an attorney can review the facts and explain possible next steps.