John Alex (CRD: 2020710) settled customer disputes at Morgan Stanley and UBS Financial Services between 2011 and 2025, according to BrokerCheck, which lists him as John L. Alex.
On September 19, 2023, the Financial Industry Regulatory Authority (FINRA) barred LESLIE DON JACKSON (LES JACKSON) a former financial advisor accused of allegedly failing to notify his firm about promissory notes that he had recommended to investors and/or bought for himself. Jackson, according to FINRA’s BrokerCheck, was registered with Momentum Independent Network, Inc. of Dallas, Texas, since 1991.
Without admitting or denying FINRA’s findings, LESLIE DON JACKSON consented to the sanction and to the entry of findings that he allegedly participated in private securities transactions totaling $1,975,000 without providing advance written notice to his member firm prior to engaging in these transactions.
FINRA’s findings stated that LESLIE DON JACKSON participated in the sale of promissory notes issued by entities allegedly engaged in a business that provided financing to construction companies. Jackson recommended the investments to five investors, including one family member and three firm clients, who allegedly purchased $1,475,000 of the issuers' promissory notes. FINRA alleges Jackson also personally purchased notes totaling $500,000.
According to the FINRA report, LESLIE DON JACKSON participated in these investments by allegedly telling the investors about the notes, answering questions about the investments, helping investors complete the subscription documents, and collecting the payments for the investments to provide to the issuers. Jackson received periodic payments from the issuers in amounts equal to 3% of each investment per year during their respective terms, paid monthly. Also, Jackson allegedly falsely responded to questions about whether he had participated in private securities transactions on compliance questionnaires.
In a recent article in Financial Advisor IQ, stated that FINRA alleged that between February of 2018 and August of 2022, Jackson took part in 19 private securities transactions, recommending promissory notes issued by entities in the business of financing construction firms.
According to FINRA’s BrokerCheck, LESLIE DON JACKSON, was previously registered both as a broker and as an investment advisor. He was in the securities industry for 31 years and was listed only with Momentum Independent Network Inc of Dallas, Texas. Jackson has 3 disclosures listed on his FINRA CRD report. One is the “Regulatory” barring him from the industry. There is also an “Employment Separation after Allegations” dated December 9, 2022, from Momentum Independent discharging Jackson following the allegations of, “Violating Firm policy.” Jackson also has a pending “Customer Dispute” seeking $675,000 following allegations of, “Unsuitable recommendations; breach of contract and breach of fiduciary duty.”
If you’ve suffered financial losses due to the actions or recommendations of the former Momentum Independent Network Inc of Dallas, Texas, broker/financial advisor, LESLIE DON JACKSON, contact Soreide Law Group and speak to an experienced securities lawyer at no cost regarding the possible recovery of your investment losses through a FINRA arbitration at: 888-760-6552.
Soreide Law Group represents clients nationwide before FINRA on a contingency fee basis.
John Alex (CRD: 2020710) settled customer disputes at Morgan Stanley and UBS Financial Services between 2011 and 2025, according to BrokerCheck, which lists him as John L. Alex.
Sam Bhushan (CRD: 4884717) is named in several pending customer complaints and one settled dispute, according to his BrokerCheck report.
Sterling Louviere (CRD: 2021328), listed on BrokerCheck as Sterling Vaughn Louviere, is named in a pending customer claim over Reg D private placements, with Cabin Securities as the firm named.
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