Jon Greenfield – Jonathan Jay Greenfield, Financial Advisor Barred from Securities Industry | Goodman & Nekvasil P.A., May Recover Investor Losses
Jonathan Greenfield, Jon Greenfield, Jonny Greenfield CRD #2591266
Jon Greenfield was previously licensed with Arete Weatlh Management. FINRA reports that Jon Greenfield was barred from the securities industry in 2015.
ACCORDING TO FINRA: Jon Greenfield consented to the sanction and to the entry of findings that he recklessly, and at times intentionally, made material misrepresentations and omissions in emails to three customers regarding the features of a company’s Renewable Secured Debentures in connection with their purchases of the debentures. The findings stated that those material misstatements and omissions concerned material facts for investors, including the actual financial condition of the issuer, the safety of the debentures, and the profitability of the issuer’s business. Customers later purchased the debentures. As a result of the conduct, Jon Greenfield willfully violated Section 10(b) of the Securities Exchange Act of 1934, Rule 10b-5 thereunder, and FINRA Rules 2010 and 2020. The findings also stated that Greenfield also made additional material misrepresentations and omissions to more than 50 customers through email who did not purchase the debentures. By recklessly or intentionally making material misrepresentations and omissions regarding the debentures to customers who did not purchase the debentures, Greenfield violated Section 17(a)(1) of the Securities Act of 1933. In the alternative, Greenfield negligently made material misrepresentations and omissions to his customers through email regarding the debentures, both to those customers who purchased and to those who did not, in violation of Section 17(a)(2) and/or 17(a)(3) of the Securities Act of 1933. The findings also included that Greenfield distributed sales brochure related to the debentures to customers that contained false and misleading statements related to the issuer’s assets and the collateral used to secure repayment of the debentures. Jon Greenfield provided the customers with sales literature that stated the debentures were secured by life insurance policies owned by the issuer. In fact, the debentures were not secured by insurance policies. Jon Greenfield similarly failed to disclose the material differences between the debentures and bank certificates of deposit in emails to customers.
If you lost money on investments with Jon Greenfield 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 Jon Greenfield 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 Jon Greenfield 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.
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