Jason Reed Nelson of Tremonton Utah a stockbroker formerly registered with LPL Financial LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon Nelson’s consent to findings that Nelson hindered a FINRA investigation concerning Nelson’s alleged misrepresentation of LPL Financial LLC customers’ financial information relating to annuities sold to them through Nelson. Letter of Acceptance Waiver and Consent No. 2018057109501 (June 6, 2019).

According to the AWC, FINRA personnel were notified on January 10, 2018 that Nelson had been discharged by the firm for misrepresenting the financial information for customers who purchased annuities. Supposedly, the misrepresented information allowed purchases to be executed that may not have otherwise been approved.

Evidently, on May 23, 2019, a request had been made by FINRA for Nelson to provide recorded testimony which could have pertained to the accusations made by LPL Financial LLC. The AWC stated that a prompt response had been made by Nelson in regard to FINRA’s request, where Nelson stated that he would not testify. FINRA found Nelson’s refusal to provide recorded testimony to be violative of FINRA Rules 2010 and 8210. Consequently, Nelson was barred from the securities industry.

Nelson was employed by LPL Financial LLC between January 17, 2013 and January 19, 2018.

The information contained herein has been obtained from reliable sources however may not be accurate and is not guaranteed by us. Readers are encouraged to undertake their own independent investigation and evaluation of the relevant facts. All claims and allegations are subject to adjudication, decisions may be subject to appeal, and no inference is intended, nor should any inference be made from any information contained herein from any source.

Questions or comments regarding the source or accuracy of any information, including any subsequent developments, should be directed to:  [email protected]

This posting and the information on our website is for general information purposes only. This content should be not considered legal advice, and any responses, comments, e-mails, other communications do not form any attorney client relationship. Attorney Advertisement. See Important Disclaimer.

Guiliano Law Group, P.C.

Our practice is limited to the representation of investors. Over the last three decades, we have recovered more than a hundred million dollars for more than 1,000 injured investors from all over the United States and several foreign countries. We accept representation purely on a contingent fee basis, meaning there is no cost to you unless we make a recovery for you. There is never any charge for a confidential consultation or an evaluation of your claim. For more information, contact us at (877) SEC-ATTY.

For more information concerning common claims against stockbrokers and investment professionals, please visit us at stockbrokerfraud.com

To learn more about FINRA Securities Arbitration, and the legal process, please visit us at securitiesarbitrations.com

Stockbroker Fraud. Securities Arbitration and Investment Fraud Lawyers.  
National Practice. Contingent Fee. Confidential Free Consultation.

 (877) SEC-ATTY

Tags: ,

No comments yet.

Leave a Reply

Name (required)

Email (will not be published) (required)