Ernesto Chavez (CRD: 4315877) faces a new pending claim on BrokerCheck over an investment made in 2018. The customer alleges $180,000 in damages, and no arbitrator has ruled on the claim.
Investors have reportedly disputed the sales practices of securities broker Jason Scott Pitts [CRD: 2150845, Ashburn, Virginia], based on public information located on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Jason Pitts worked for Cambridge Investment Research Inc. and Cambridge Investment Research Advisors Inc. from February 21, 2014, to August 1, 2024, and he has been registered with Wells Fargo Advisors Financial Network LLC and Wells Fargo Advisors since July 17, 2024. See the following information to find out more about the disclosures tied to Pitts’ history in the securities industry.
Particularly, on December 2, 2025, a Cambridge Investment Research Inc. client filed a complaint about Jason Pitts. Mainly, the client alleged that Pitts made misrepresentations and made unsuitable recommendations involving a variable annuity contract. For this reason, the client allegedly incurred damages connected to variable annuities. As a result, the client requested $900,000 in compensation from Cambridge Investment Research Inc. or Pitts. However, the firm denied this complaint.
Additionally, on December 15, 2025, an Equitable Advisors LLC client filed a complaint about Jason Pitts. Primarily, the client alleged that Pitts made misrepresentations and made unsuitable recommendations in connection with a variable universal life policy purchased in 2023. Because of this, the client allegedly sustained damages linked to life insurance products. Therefore, the client requested compensation from Equitable Advisors LLC or Pitts.
Specifically, a client of Cambridge Investment Research Inc. contested Jason Pitts’ sales practices, according to a complaint dated September 5, 2025. Allegedly, Pitts made unsuitable recommendations and engaged in unauthorized activities involving a variable annuity contract. It appears that Pitts allegedly caused the client to sustain damages associated with variable annuities. Consequently, the client sought compensation from Cambridge Investment Research Inc. or Pitts in the amount of $175,567.97 in this matter. However, the firm denied this complaint.
Do you have concerns or questions regarding investments you made with Jason Pitts? Get in touch with Soreide Law Group at (888) 760-6552 or online and speak to a securities attorney about a potential recovery of your investment losses. Soreide Law Group has recovered losses for clients throughout the US. Also, our securities lawyers represent investors on a contingency fee arrangement and advance all costs. Pitts and brokerage firms Pitts worked for deny allegations of sales practice violations.
Ernesto Chavez (CRD: 4315877) faces a new pending claim on BrokerCheck over an investment made in 2018. The customer alleges $180,000 in damages, and no arbitrator has ruled on the claim.
William Tunink (CRD: 2738224) settled a customer claim for $299,000 on August 11, 2026, according to his BrokerCheck report. The customer alleged that he obtained loans from the customer, and that some of the money went into an investment.
Tony Barouti (CRD: 3031995) faces a pending $230,400 customer claim, according to his BrokerCheck report. He says the allegations in it are false. His report also lists SEC administrative and cease-and-desist proceedings from August 2025.
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