Investors might have sustained losses due to securities broker Jack Edward Newhouse [CRD: 2108923, Muskegon, Michigan], based on the disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Evidently, Jack Newhouse was previously registered with Merrill Lynch Pierce Fenner Smith Incorporated from March 27, 2009, to June 9, 2022. Continue reading to learn more about Newhouse’s professional conduct and client disputes.
Specifically, on December 27, 2022, a Merrill Lynch client filed a complaint about Jack Newhouse. Supposedly, Newhouse made unsuitable investment recommendations and misrepresentations. Because of this, the client allegedly sustained damages on variable annuities. However, this complaint closed without any client resolution.
Particularly, a client of Merrill Lynch contested Jack Newhouse’s sales practices, according to a complaint. Allegedly, Newhouse gave unsuitable advice and made misrepresentations related to variable annuities. It appears that Newhouse allegedly caused the client to incur damages. Consequently, Merrill Lynch opted to settle the matter on November 22, 2023, by compensating the client in the amount of $37,187.50.
Particularly, a client of Merrill Lynch contested Newhouse’s sales practices, according to a complaint. Allegedly, Newhouse misrepresented information and made unsuitable recommendations. It appears that Newhouse allegedly caused the client to sustain damages on variable annuities. Because of this, Merrill Lynch opted to settle the matter on December 6, 2023.
In addition, a client filed a complaint about Jack Newhouse. Evidently, the client alleged that Newhouse engaged in unsuitable and unauthorized trading. Therefore, on March 1, 2010, UBS Financial Services settled this matter by paying the client $10,000 in damages.
Particularly, a client of Merrill Lynch contested Newhouse’s sales practices, according to a complaint. Allegedly, Newhouse failed to follow instructions from August 2017 through November 2017. It appears that Newhouse allegedly caused the client to sustain damages on index options. Consequently, Merrill Lynch opted to settle the matter on May 15, 2018, by compensating the client in the amount of $35,000.
Experienced losses due to Jack Newhouse? If so, reach out to Soreide Law Group online or at (888) 760-6552 and talk with a securities attorney concerning a potential recovery of your investment losses. Soreide Law Group has recovered losses for investors across the country, works on a contingency fee basis, and advances all costs. Newhouse and brokerage firms he worked for deny any allegations of sales practice violations.
Pending customer claims on BrokerCheck name Michael Graham (CRD 3263494) and list LPL Financial as the firm. Each claim is pending and unproven, and no arbitrator has ruled on any of them. The customers allege that Graham misrepresented guaranteed principal and returns on a secured loan related to a real estate deal.
An SEC decision involving Titan Securities (CRD 131392) of Plano, Texas became final on August 7, 2026, according to FINRA's October 2026 Disciplinary and Other FINRA Actions report. The decision fined the firm $50,000. The record lists the firm as JTA Securities Management, Inc. dba Titan Securities.
Every settled customer dispute on Peter Maller's BrokerCheck report names Lincoln Financial as the firm. Maller holds CRD number 2322403. The newest dispute, filed on March 5, 2024, settled on August 15, 2024 for $12,500 against alleged damages of $50,000. The claimants alleged that the representative represented an oil and gas investment as safe.
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