Goodman and Nekvasil May Recover Investors Losses | Jeffrey Duane Jacobson (Jeffrey Jacobson), Financial Advisor Suspended by FINRA
Reported by FINRA on October 18, 2016, Jeffrey Jacobson, was suspended from association with any FINRA member in principal capacity for fifteen business days and fined $7,500. Jeffrey Jacobson entered into a Letter of Acceptance, Waiver and Consent with the Financial Industry Regulatory Authority (FINRA) Department of Enforcement to resolve allegations FINRA made against him regarding violations of securities industry rules.
FINRA reports Jeffrey Jacobson, without admitting or denying the findings, consented to the sanctions and to the entry of findings that he did not adequately supervise a representative who initiated hundreds of trades for elderly customers without contacting them, and unsuitably recommended transactions to those customers.
FINRA found that Jeffrey Jacobson did not adequately investigate warning signs, such as the customers’ repeated appearances on certain monthly exception reports addressing accounts with high levels of trading activity. Further, FINRA found that Jeffrey Jacobson did not alert any other supervisory personnel about the representative’s trading activity.
Goodman & Nekvasil, P.A., a Clearwater, Florida, law firm with a national practice representing victimized investors, continues to investigate brokerage firms that placed elderly retirees and other conservative investors in high-risk investments.
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. We would like to discuss the possibility of your retaining our firm to represent you in an arbitration action.
Goodman & Nekvasil, P.A., has filed hundreds of cases against brokerage firms selling high-risk investments and has recovered more than $180 million dollars on behalf of victimized investors. We allege in these cases that these investment recommendations were unsuitable for our clients in view of their financial situation, needs and investment objectives. All our cases are handled on a purely contingency fee basis.
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. Finally, the filing of such a case should not affect your ownership of these investments in any way.
If you incurred losses on your investment with Jeffrey Duane Jacobson, you may be able to recover your losses from Dougherty & Company LLC. This is because Dougherty & Company LLC had a duty to supervise Jeffrey Jacobson. If you 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.