JASON KIMBER, JW COLE FINANCIAL, Logan UT

JASON KIMBER has been registered as a broker since May of 2018, and as an investment advisor since November of 2020, with JW COLE FINANCIAL, INC of Logan, Utah. Kimber was previously registered with Allegis Investment Services, LLC of Clearfield, Utah, from July of 2014 – May of 2018.

According to FINRA’s BrokerCheck, available to the public on FINRA’s website, JASON KIMBER, has been in the securities industry for 11 years and has been listed with 4 firms.  Kimber has 8 disclosures on his FINRA CRD report, all of the 8 disclosures are “Customer Disputes.”  Seven of the disputes are pending and one was withdrawn.

The significance of JASON KIMBER’s FINRA Customer Complaints is underscored in FINRA NOTICE to MEMBERS 03-49. FINRA conducted a review of the CRD’s of all registered representatives, only .41% were the subject of 3 or more customer complaints. In other words, Kimber’s customer complaints rank him in the top one-hundredth percent of all registered representatives for customer complaints. 

The disputes were filed from 2022-2024. Of the disputes that are pending, they range in amounts requested from $850,000.00 - $14,400,000.00, with many of the requests being in the several millions of dollars.  In nearly every complaint, JASON KIMBER answers with the following Broker Comment, “Due to my prior association to my former partner, some clients have alleged that I should have been aware of his fraud. I was not. My former partner conducted these activities as an outside business activity. I was unaware of his actions. My former partner acted without any association or involvement from or by me. I in no way benefited from this fraud, directly or indirectly. Unfortunately, my former partner independently persuaded some of my clients to move their money to him, thereby taking customers' portfolios away from my management. I did not in any way participate in this fraud. I did not know about it until I was contacted by the SEC in June 2022.”

Some examples of the allegations are, in December of 2022, there is a pending dispute filed against JASON KIMBER, alleging, “Customers allege that while affiliated with multiple broker dealers between July 2014 and June 2022, Kimber's former partner was involved in a fraud. Customers allege that Kimber indirectly benefited from the operation, and that Kimber should have identified the operation as a fraud.”  The amount requested for damages is $3,000,000.00.  In December of 2023, there is another pending dispute alleging, “Customers allege that while affiliated with Allegis Investment Services, LLC, between July 2014 and May 2018, Kimber's former partner was involved in a fraud. Customers allege that Kimber indirectly benefited from the operation, and that Kimber should have identified the operation as a fraud.” The damage amount requested is $10,500,000.00. In February of 2024, a dispute filed against JASON KIMBER is alleging, “Customers allege that the Firm failed to detect an alleged fraud operated by a now deceased representative away from the Firm. The deceased representative, that is the subject of the complaint, was with the Firm for less than two months and Customers' alleged purchases of the investments at issue occurred at various times while he was affiliated with differing firms. Customers allege that the Registered Representative was indirectly involved in the activities that occurred away from the Firm.” The damage amount requested for this dispute is $14,400,000.00.

To discuss this or any other securities issues, contact Soreide Law Group and speak to an experienced securities lawyer at no cost:  888-760-6552.

Soreide Law Group represents clients nationwide before FINRA on a contingency fee basis.