Soreide Law Group is investigating potential investor claims of sales practice violations possibly committed by securities broker Jason Ryan Jaynes [CRD: 5555100, Frisco, Texas], according to disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Evidently, Jaynes has been registered with Wells Fargo Clearing Services LLC and Wells Fargo Advisors since December 10, 2019. Continue reading to discover more about the disclosures filed against Jaynes.
Wells Fargo Clearing Services LLC Investor Accused Jaynes Of Unsuitable Recommendations
Evidently, a Wells Fargo Clearing Services LLC client filed FINRA Arbitration No. 20-02353 about Jason Jaynes. Supposedly, Jaynes neglected to reduce the over-concentrated and over-leveraged nature of their accounts. Supposedly, Jaynes also made unsuitable recommendations. Because of this, the client allegedly sustained damages. Consequently, on April 18, 2022, Wells Fargo Clearing Services LLC settled this matter by paying the client $2,000,000 in damages.
Jason Jaynes Disclosed Misrepresentations Allegations By Merrill Lynch Pierce Fenner Smith Incorporated Client
Particularly, a client of Merrill Lynch Pierce Fenner Smith Incorporated contested Jason Jaynes’s sales practices by filing FINRA Arbitration No. 21-00172. Allegedly, Jaynes gave unsuitable investment advice and made misrepresentations from February 2013 until December 2019. It appears that Jaynes allegedly caused the client to sustain damages on commodity futures. Therefore, Merrill Lynch Pierce Fenner Smith Incorporated opted to settle the matter on October 24, 2022, by compensating the client in the amount of $2,850,000.
Seek Recovery For Losses With Jason Jaynes
Did you suffer losses because of Jason Jaynes? If so, get in touch with 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 throughout the United States, works on a contingency fee basis, and advances all costs. Jaynes and the brokerage firms he worked for deny accusations of sales practice violations.
