JASON PRICE LAMB has been registered as a broker with ARETE WEALTH MANAGEMENT, LLC of Nashville, Tennessee since 2/8/2021. He was previously registered with CENTER STREET SECURITIES of Soquel, California, from 06/17/2009 - 12/01/2023.
According to FINRA’s BrokerCheck, available to the public on FINRA’s website, JASON PRICE LAMB, has been in the securities industry for 25 years and has been listed with 5 firms. Lamb has 11 Disclosures on his FINRA CRD report. Of the 11 disclosures, 10 are “Customer Disputes,” 2 are pending and 8 have settled. In 2024, the two pending disputes that were filed allege that Lamb recommended unsuitable alternative investments. The damage amounts requested are $100.000.00 and $250,000.00. Lamb denies the allegations. Of the 8 disputes that have settled, all were from 2024, and they all alleged, “unsuitable investment recommendation.” Lamb also denies these allegations.
The significance of Lamb’s 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% had been the subject of 3 or more customer complaints. In other words, JASON PRICE LAMB’s customer complaints rank him in the top one-hundredth percent of all registered representatives for customer complaints.
There is one “Regulatory” disclosure on JASON PRICE LAMB’s CRD report dated 8/12/2014. He was fined $10,000.00 and suspended for two months. The allegations were, “WITHOUT ADMITTING OR DENYING THE FINDINGS, LAMB CONSENTED TO THE SANCTIONS AND TO THE ENTRY OF FINDINGS THAT HE FAILED TO SUPERVISE CERTAIN SALES OF A RENEWABLE SECURED DEBENTURE, AN ILLIQUID AND HIGH-RISK ALTERNATIVE INVESTMENT, TOTALING APPROXIMATELY $770,000 TO NINE CUSTOMERS. THE FINDINGS STATED THAT DESPITE THE PRESENCE OF RED FLAGS, LAMB FAILED TO TAKE REASONABLE STEPS TO ENSURE THE DEBENTURE SALES WERE SUITABLE OR HAD BEEN ACCURATELY REPRESENTED TO CUSTOMERS. LAMB APPROVED THE DEBENTURE PURCHASES WITHOUT ADEQUATELY CONSIDERING WHETHER THOSE PURCHASES WERE CONSISTENT WITH THE CUSTOMERS' INVESTMENT OBJECTIVES, RISK TOLERANCES, FINANCIAL CONDITIONS, AGES, OR LIQUIDITY NEEDS.”
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