Investors File Disputes Concerning Broker Jonathan Cummings

Soreide Law Group has new information to share with you regarding Jonathan David Cummings (CRD#: 2715296, Hurst, Texas). Evidently, this securities broker worked for firms AXA Advisors (2005 to 2009), Securities America (2020), and Investacorp (2009 to 2020) before joining LPL Financial (2020 to present). It appears that Cummings is involved in AXA, Investacorp and Securities America investor disputes alleging sales practice violations. Here’s more on those disputes, including what you could do if you experienced damages because of broker misconduct.

Investacorp Client Alleges Misrepresentation Concerning Real Estate Security

A client of Investacorp brought a dispute about Jonathan Cummings’s real estate securities transaction. The client’s arbitration claim alleges omissions of facts, misrepresentation, negligence, and an unsuitable sale. Supposedly, the client experienced damages by holding the investment from 2014 to 2020. Because of this, the client seeks $50,000 in compensation in this ongoing matter.

Securities America Client Claims Negligence Relating To Alternative Investments

Also, a client of Securities America and Investacorp disputed Jonathan Cummings’s sales practices. Supposedly, the client invested in a real estate security because of Cummings and experienced nearly a total loss. Because of this, the client asks for $35,000 in damages to resolve this alternative investment dispute claim.

Investor Alleges Damages In Connection With BDC, REIT Sales

In addition, an Investacorp client took aim at the securities broker over alternative investment sales involving Jonathan Cummings. Supposedly, Cummings sold unsuitable investments, including BDCs (business development companies) and REITs (real estate investment trusts). Basically, suitability concerns an investor’s risk tolerance, investment objectives, and other important information relating to investment appropriateness. Evidently, the securities firm opted to settle this matter by paying $55,000 to the client according to a settlement in May 2021. Cummings denies the claims alleged by the investor.

AXA Client Settles Dispute After Alleging Sales Practice Violations

Further, a client of AXA Advisors disputed Jonathan Cummings’s sales practices concerning an annuity. Supposedly, the client purchased a policy that did not contain the features that the client expected. It seems that AXA settled this matter by paying the client $158,962.92.

Losses By Investing Through Cummings?

Securities broker Jonathan Cummings denies allegations of unreasonable sales practices. Have you experienced investment losses by interacting with this broker? If so, reach out to Soreide Law Group at (888) 760-6552 to discuss your situation with experienced counsel. Soreide Law Group represents investor clients on a contingency fee basis and advances all costs. The law firm has recovered compensation for many US clients who have experienced damages from securities brokers and financial advisors.

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