Jonathan Lee Whitver (CRD #6708752) Has a Customer Dispute Disclosure on FINRA BrokerCheck

Jonathan Lee Whitver (CRD #6708752) is a broker with a customer dispute disclosure on FINRA BrokerCheck. We reviewed his BrokerCheck report on May 20, 2026. It reflects one customer dispute. If you invested with Jonathan Whitver and have concerns, keep reading.

BrokerCheck link: BrokerCheck

BrokerCheck report: BrokerCheck Report (PDF)

Investor Disputes / Customer Complaints

Jonathan Whitver’s FINRA BrokerCheck Report reflects one customer dispute disclosure. A summary of the dispute is below:

On February 23, 2026, a customer alleged Jonathan Whitver misled them about a 2025 Bankers Life annuity. The customer also alleged the product was unsuitable due to liquidity limits. According to the complaint, the transaction did not match the customer’s risk tolerance or income needs. The complaint also raised concerns about supervision. The customer requested rescission of the policy and a refund of premiums. Jonathan Whitver’s FINRA BrokerCheck Report lists the product as a fixed annuity. It lists the damages requested as $38,355.41. Bankers Life and Casualty Company and Bankers Life Securities, Inc. denied the complaint on March 16, 2026. The firms stated that the recommendations were suitable and in the client’s best interest. Jonathan Whitver’s FINRA BrokerCheck Report states that the annuity was not a security. The firm reported the complaint because securities were liquidated to fund the annuity purchase.

Rule Summary #1: FINRA Rule 2111 (Suitability)

FINRA Rule 2111 requires a reasonable basis for each recommendation. A broker should match the recommendation to the customer’s profile, including risk tolerance and liquidity needs.

Rule Summary #2: FINRA Rule 3110 (Supervision)

FINRA Rule 3110 requires firms to maintain a supervisory system. Customer disputes may raise questions about whether a recommendation and related transactions were reviewed properly.

Why This Matters to Investors (Regulation Best Interest)

Regulation Best Interest (Reg BI) is a U.S. securities regulation. It strengthens the standard of conduct that broker-dealers owe to retail investors. It applies when they recommend securities transactions or investment strategies. The U.S. Securities and Exchange Commission adopted Reg BI. It became effective on June 30, 2020. Reg BI aims to protect investors while preserving access to brokerage products and services.

Reg BI requires broker-dealers and financial advisors to act in a retail customer’s best interest at the time of a recommendation. They must not place their own financial or other interests ahead of the customer’s. This standard is higher than the older “suitability” rule. Suitability meant a recommendation only had to be appropriate. It did not have to be the best option or free of conflicts.

Disclosure Obligation – Broker-dealers must disclose material facts about the relationship and the recommendation. This includes fees, the scope of services, and conflicts of interest.

Care Obligation – Broker-dealers must use reasonable diligence, care, and skill. They must consider costs, risks, and alternatives when making a recommendation.

Conflict of Interest Obligation – Firms must identify conflicts of interest. They must disclose them and mitigate or eliminate them. This includes conflicts that create incentives to favor one product over another.

Compliance Obligation – Firms must maintain policies and procedures. Those policies should be designed to ensure compliance with Reg BI as a whole.

Reg BI applies to each recommendation. It is not a continuous duty like the fiduciary standard for registered investment advisers. Even so, it narrows the gap. It puts more focus on costs, conflicts, and investor-focused decision-making.

Overall, Regulation Best Interest promotes transparency. It also aims to improve the quality of investment recommendations. It is designed to 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 Whitver:

Is currently registered with LPL Financial LLC.

Has passed the Securities Industry Essentials (SIE) exam. Jonathan Whitver has also passed Series 7 and Series 66.

Was previously registered with firms that include Bankers Life Advisory Services, Inc. and Bankers Life Securities, Inc.

Kurta Law Can Help

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

Helpful resources: Securities Attorney | 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. An attorney can review the facts. Counsel can also explain possible next steps.