JARRED M LAWSON, Formerly of Merrill Lynch Jacksonville, Suspended for One Year by FINRA Over Mutual Fund Sales

The Florida-based, Soreide Law Group, obtained the following on FINRA’s website under, ‘Disciplinary and Other FINRA Actions May 2017.’
JARRED M LAWSON (CRD #6093454, Jacksonville, Florida)
was assessed a deferred fine of $10,000 and suspended by FINRA for one year for allegedly making negligent misrepresentations or omissions regarding the sale of primarily Class A and C mutual funds during telephone conversations with clients at his member firm.
FINRA’s findings stated that Lawson allegedly failed to discuss all share classes, fees associated with Class A and C shares, and breakpoint fees with the clients. Also, it was alleged that Lawson made negligent misrepresentations regarding the fees associated with a managed account. By providing inaccurate and incomplete information, Lawson prevented his clients from fully evaluating the investments that he recommended.
Also, the FINRA findings stated that JARRED M LAWSON made misstatements in his firm’s internal system regarding what was discussed during the phone calls. Lawson misstated that he had discussed all share classes and the fees associated with the share classes, when he allegedly had not.
According to the FINRA report it was alleged Lawson misrepresented the fees associated with a managed account and represented that he had discussed breakpoints or the availability of either investment, when he had not.
Lawson’s inaccurate entries in his firm’s internal tracking system prevented the firm from properly supervising Lawson’s transactions. As a result, Lawson impeded the supervision of the transactions and caused his firm to have inaccurate books and records.
The suspension is in effect from April 3, 2017, through April 2, 2018.
(FINRA Case #2016048923201)
According to FINRA’s BrokerCheck, JARRED M LAWSON has 3 Disclosures on his report, one of which is an “employment separation after allegations” from Merrill Lynch on 1/20/16.  Lawson has 3 years of experience in the securities industry and was listed with these 2 firms:
11/29/2012 - 02/16/2016  MERRILL LYNCH, PIERCE, FENNER & SMITH INC. - JACKSONVILLE, FL
08/22/2012 - 11/02/2012  EDWARD JONES - JACKSONVILLE, FL
If  you were a client of former Merrill Lynch Jacksonville broker, JARRED M LAWSON, and you experienced losses due to his actions, recommendations or lack of supervision by his firm, contact the Florida-based Soreide Law Group and speak to an experienced securities lawyer regarding the possible recovery of your investment losses at:  888-760-6552.
Soreide Law Group represents clients nationwide before FINRA on a contingency fee basis.