Jason Jodway – Financial Advisor/Broker Jason Jodway Received Commission from Selling Accused Ponzi Scheme, Equialt | Goodman & Nekvasil, P.A. May Recover Investor Losses
Jason Jodway was a previously licensed financial advisor/broker with Allstate Financial, Securian Financial and Valic Financial Advisors, Inc. According to the SEC Receiver’s First Quarterly Status Report, Jason Jodway was one of the sales agents who received commission payments from BR Support Services which was used to distribute the compensation for Equialt sales activities.
We have reason to believe that Jason Jodway may have also sold the high risk investment, PetroRock, to clients.
Beginning in 2011 to the present, Defendants EquiAlt, Brian Davison (“Davison”) and Barry Rybicki (“Rybicki”) conducted a Ponzi scheme raising more than $170 million from over 1,100 investors nationwide, many of them elderly, through fraudulent unregistered securities offerings. Defendants promised investors that substantially all of their money would be used to purchase real estate in distressed markets in the United States and their investments would yield generous returns. Instead, EquiAlt, Davison, and Rybicki misappropriated millions in investor funds for their own personal use and benefit.
The State of Michigan, ordered Jason Jodway (“Respondent”) to cease and desist from acting as an unregistered agent for Heartland Production and Recovery LLC (“Heartland”) and EquiAlt, LLC and its associated funds (collectively, “EquiAlt”), contrary to the Securities Act. Respondent is also notified of the opportunity to request a hearing in this matter.
Goodman & Nekvasil P.A. May Recover Investor Losses
If you lost money on investments with Jason Jodway and believe the investments may have been unsuitable or otherwise improper for you, we would like to discuss the possibility of your retaining our firm to represent you in an arbitration action concerning Jason Jodway’s conduct. There is no charge for an evaluation of your case. Further, we handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee. Unless you recover any money, you pay us nothing, not even the costs and expenses which the firm will advance on your behalf.
Kalju Nekvasil, Esq., formerly regional counsel with the NASD, now known as FINRA, has practiced in this area of the law for more than 35 years. Goodman & Nekvasil, P.A. has recovered more than $180 million on behalf of victimized investors. If you lost money on investments with Jason Jodway and would like your case evaluated by a securities attorney (again, there is no charge for an evaluation and all cases are handled on a purely contingency fee basis), please contact us.
Some of the information in this blog post was obtained on 8/14/2020 directly from FINRA BrokerCheck, without any changes. If you believe this information was reported incorrectly, please contact our firm at 1-800-500-4442.