Luis S. Jean-Bart (CRD #5472965) Has Regulatory and Customer Dispute Disclosures on FINRA BrokerCheck
Luis S. Jean-Bart (CRD #5472965) has been the subject of disclosure events reported on his FINRA BrokerCheck report. Based on Luis S. Jean-Bart’s FINRA BrokerCheck report accessed on January 19, 2026, he has been the subject of two regulatory events, one customer dispute, and one employment separation disclosure. If you invested with Luis S. Jean-Bart and you have concerns about his activity, keep reading.
BrokerCheck link: BrokerCheck
BrokerCheck report: BrokerCheck Report (PDF)
Regulatory Action(s)
Luis Jean-Bart’s FINRA BrokerCheck report reflects two regulatory event disclosures. A summary of the events is below:
On November 19, 2025, FINRA issued an Acceptance, Waiver & Consent (AWC) in which Luis Jean-Bart consented to the entry of findings that he failed to timely respond to FINRA requests for information and documents in connection with an investigation. The disclosure reflects a $5,000 deferred fine and a 10-month suspension from association with any FINRA member in all capacities (December 1, 2025 through September 30, 2026). You can access the AWC here: AWC.
On July 12, 2024, FINRA initiated a regulatory action seeking a suspension after alleging Luis Jean-Bart failed to respond to FINRA requests for information. The matter was resolved by letter on August 5, 2024, resulting in a suspension from August 5, 2024 through October 14, 2024.
Investor Disputes / Customer Complaints
Luis Jean-Bart’s FINRA BrokerCheck report reflects one customer dispute disclosure. A summary of the dispute is below:
On August 30, 2023, a state court complaint alleged that Luis Jean-Bart, along with other defendants, caused the plaintiffs to participate in a purported investment club run by a third party unaffiliated with PFS Investments Inc., which the plaintiffs allege resulted in monetary losses. The alleged damages are $1,400,000.00, and the matter remains pending in the Superior Court of Hudson County, New Jersey (Docket No. HUD L003054-23). The disclosure reflects a broker statement that the operative allegations are denied as false.
Employment Separation After Allegations
Luis Jean-Bart’s FINRA BrokerCheck report reflects one employment separation disclosure. A summary is below:
On January 26, 2024, PFS Investments discharged Luis Jean-Bart. The termination disclosure references allegations tied to the same state court complaint described above.
Rule summary #1: FINRA Rule 8210
FINRA Rule 8210 generally requires associated persons to provide information, documents, and testimony upon request in connection with FINRA investigations.
Rule summary #2: FINRA Rule 9552
FINRA Rule 9552 addresses situations where a member or associated person fails to provide required information; FINRA may issue a notice of suspension that can lead to a suspension (and potentially a bar) if the requested information is not provided within the required timeframes.
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:
- Disclosure Obligation – Broker-dealers must disclose material facts about the relationship and recommendations, including fees, scope of services, and conflicts of interest.
- Care Obligation – Recommendations must be made with reasonable diligence, care, and skill, considering costs, risks, and alternatives.
- Conflict of Interest Obligation – Firms must identify, disclose, and mitigate or eliminate conflicts, particularly those that create incentives to favor one product over another.
- 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 BrokerCheck report, Luis Jean-Bart:
- Is not currently registered.
- Was previously registered with PFS Investments Inc. from September 2009 through February 2024.
- Has passed the Series 26, Securities Industry Essentials (SIE), and Series 6 exams.
Kurta Law Can Help
If you have worked with Luis Jean-Bart and you have concerns about his activity, Kurta Law may be able to help you evaluate potential recovery options. You may be entitled to pursue a claim through FINRA arbitration, depending on the facts of your situation and the investments involved. Contact Kurta Law at 877-600-0098 or info@kurtalawfirm.com for a free consultation.
Helpful resources: Ian Ha Allegedly Failed to Respond to FINRA Requests | Mark Beesley Barred by FINRA After Alleged Testimony Refusal
For nearly 20 years, Kurta Law has advocated for investors and helped hold financial professionals accountable—because investors should not have to sit quietly while alleged misconduct and securities fraud go unchecked. Start your recovery process today.