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Investor Names Richard Jackman in Dispute Involving Unsuitable Investment Strategy

Richard Jackman (CRD #: 2501641), a broker registered with Crown Capital Securities, allegedly violated several FINRA rules, according to his BrokerCheck record, accessed on November 13, 2022. Investors may have also worked with him through Secura Financial. Read on if you have questions about his conduct as a broker.

Investor Disputes

On August 25, 2022, an investor alleged Richard Jackman provided an unsuitable investment strategy, omitted material information, provided false and misleading information, and failed to conduct due diligence on recommended investments. The client seeks $400,000 in this pending dispute.

In a dispute filed on February 24, 2020, an investor made several allegations involving Richard Jackman, including the unsuitability of certain illiquid investments. The client sought $4 million in damages and received a settlement of $300,000.

FINRA Rule 2111 

FINRA Rule 2111 requires that brokers tailor their investment recommendations to their clients’ profiles. An investor’s profile describes certain characteristics, including their risk tolerance, tax status, and age.

FINRA Rule 2020

The omission of information related to investments violates FINRA Rule 2020, which prohibits the use of deceptive, manipulative, and other fraudulent means of influencing the purchase and sale of securities.

FINRA Rule 3110

FINRA Rule 3110 requires that firms establish systems of supervision to detect and prevent violations of securities regulations. This includes appointing supervisors and providing them with Written Supervisory Procedures (WSPs) to guide their work.

Background Information

Richard Jackman 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 31 – Futures Managed Funds Examination
  • Series 7 – General Securities Representative Examination
  • Series 24 – General Securities Principal Examination

Richard Jackman is a registered broker in ten states and a registered investment adviser in California.

He has also worked for the following firms:

  • J. W. Cole Advisors (CRD#:112294)
  • J.W. Cole Financial (CRD#:124583)
  • Financial Advisers of America (CRD#:142170)
  • LPL Financial (CRD#:6413)

Kurta Law Can Help

If you worked with Richard Jackman and you have concerns about your investments, please contact us today at 877-600-0098 or 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.