Patrick Jenkins Allegedly Made Material Misrepresentations

Patrick Jenkins (CRD #: 5261717), a broker registered with CreativeOne Securities, is the subject of an investor dispute. This is according to his BrokerCheck record, accessed on June 25, 2024. Keep reading if you have questions regarding his alleged conduct. 

Investor Allegations 

On April 5, 2024, investors alleged that Patrick Jenkins made material misrepresentations and breached his fiduciary duty. He also allegedly recommended unsuitable alternative products. 

On March 31, 2021, an investor alleged that Patrick Jenkins sold annuities that were unsuitable and misrepresented. The investor alleged the was charged excessive and undisclosed fees. The investor sought $510,000 but the dispute was denied. Investors should know, however, that firms can deny disputes without any external review. Investors can still recover losses following a denial. 

What is an Unsuitable Investment?

FINRA Rule 2111 requires brokers to evaluate whether an investment strategy fits their investor’s financial goals. Brokers must examine the investor’s profile, which contains the following investor characteristics:

• Age
• Risk tolerance
• Time horizon (i.e., how long the investor plans to hold the investment)
• Investing experience
• Tax status
• Financial goals

Investors who rely on brokers for recommendations may be able to recover losses from unsuitable investment recommendations by pursuing FINRA arbitration.

Background Information 

Patrick Jenkins has passed the following exams: 

• Series 66 Uniform Combined State Law Examination 
• SIE – Securities Industry Essentials Examination 
• Series 7 General Securities Representative Examination 

He is a registered investment advisor in Texas and Utah. 

During his 17 years of experience, he has registered with seven firms. These are the four most recent: 

• Creativeone Securities (CRD #: 152974) 
• Strategic Advocates (CRD #: 316858) 
• Crown Capital Securities L.P. (CRD #: 6312) 
• Cambridge Investment Research Advisors (CRD #: 134139) 

Kurta Law Can Help 

If you have worked with Patrick Jenkins 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.