Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) indicate that broker/advisor, Jeremy Jefferson, Jacobson (CRD # 4437801) was recently suspended from the securities industry by FINRA’s Department of Enforcement after an investigation into unauthorized trades.
The Law Office of Kevin J. Deloatch, Esq. is interested in speaking to investors who have complaints regarding Mr. Jacobson.
Registration Background for Jeremy Jefferson Jacobson
Mr. Jacobson first became registered in the securities industry in 2001. He was most recently registered with Metairie, LA based LPL Financial LLC. (CRD # 6413) from May 2013 to July 2021. His prior registrations include Raymond James & Associates, Inc. (CRD # 705) from February 2013 to May 2013, and Morgan Keegan & Company, Inc. (CRD # 4161) from June 2004 to February 2013.
FINRA’s Allegations Against Jeremy Jefferson Jacobson
According to the FINRA Letter of Acceptance, Waiver and Consent (AWC) dated June 6, 2023 (No. 2021071954502), Mr. Jacobson consented to, without either admitting to or denying, the following findings by FINRA’s Department of Enforcement:
- “During the period of February 2021 through May 2021, [Mr. Jacobson] executed twenty-four trades in three of his LPL non-discretionary brokerage accounts without the customers’ authorization or consent for the trades”;
- “From February through May 2021, [Mr.] Jacobson executed twenty-four trades with a total principal value of approximately $1.1 million in the accounts of LPL customers A, B, and C, without first discussing with, and obtaining authorization or consent for the trades from, the customers”;
- “In February 2021, [Mr.] Jacobson executed two trades in customer A’s LPL account with a total principal value of approximately $85,700”;
- “In February 2021 through May 2021, [Mr.] Jacobson executed twenty trades in customer B’s account with a total principal value of approximately of $1.08 million”;
- “In April 2021, [Mr.] Jacobson executed two trades in customer C’s LPL account with a total principal value of approximately $6,500 ”;
- “[Mr.] Jacobson received $7,887 in total commissions for the twenty-four trades”;
- “[Mr. Jacobson] did not have authorization or consent from the customers to place the twenty-four trades”; and
- By virtue of his actions, Mr. Jacobson violated FINRA Rule 2010 regarding standards of commercial honor and principles of trade.
FINRA Suspends Jeremy Jefferson Jacobson from Securities Industry
As a result of such violations and in addition to the above-described findings and conclusions, FINRA’s June 6, 2023 AWC also indicates that Mr. Jacobson consented to the following sanction(s):
- A three-month suspension from association with any FINRA member in all capacities;
- A fine in the amount of $5,000.00; and
- Disgorgement of $7,887.00 plus interest.
Jeremy Jefferson Jacobson Has No Prior History of Securities Industry Customer Complaints
In addition to Mr. Jacobson being suspended by FINRA from the securities industry regarding unauthorized trades, FINRA BrokerCheck for Mr. Jacobson reveals that he has no prior history of customer complaints and/or customer-initiated arbitrations.
Have You Lost Money with Jeremy Jefferson Jacobson?
If you or someone you know has or had a brokerage account with Mr. Jeremy Jefferson Jacobson and have concerns regarding losses in your investments or possible sales practice violations including fraud, you may be entitled to recover lost funds. The Law Office of Kevin J. Deloatch, Esq. has an extensive securities law practice and over 30 years of experience on Wall Street. Call today at (646) 792-2156 for a free consultation. The time to file your claim may be limited so you should call today to avoid delay.