Leslie Jackson Discloses FINRA Bar And Investor Dispute

Soreide Law Group is investigating potential claims on behalf of investors who may have incurred losses due to the actions of Leslie Don Jackson, also known as Les Jackson and Leslie Donn Jackson (CRD#: 2176917, Dallas, Texas). Particularly, Jackson was previously registered with Momentum Independent Network Inc. from September 19, 1991, to January 6, 2023. Evidently, Financial Industry Regulatory Authority sanctioned him, and his sales practices raised concerns for investors who might have been adversely affected. Read on for more information about the FINRA sanctions and investor disputes.

FINRA Barred Jackson For Private Securities Transactions

Evidently, on September 19, 2023, FINRA issued an Acceptance, Waiver & Consent (AWC) sanctioning Leslie Jackson for regulatory violations. Specifically, Jackson was permanently barred as a securities broker. Notably, FINRA alleged that Jackson engaged in unauthorized private securities transactions totaling $1,975,000 without prior written notice to his employer.

Particularly, FINRA says that Jackson participated in the sale of promissory notes issued by entities financing construction companies. Jackson recommended these investments to five investors, including a family member and three firm customers, leading to purchases totaling $1,475,000. His role included informing investors about the notes, addressing their concerns and questions, assisting in completing subscription documents, and gathering payments to deliver to the issuers.

Also, Jackson received compensation from the issuers, amounting to 3% of each investment annually, paid monthly. Supposedly, Jackson falsely denied participating in private securities transactions in compliance questionnaires.

Leslie Jackson Discharged For Violating Firm Policy

Evidently, Momentum Independent Network Inc. disaffiliated with Leslie Jackson on December 9, 2022. Allegedly, Jackson was discharged for violating firm policy.

Momentum Independent Network Inc. Investor Accused Leslie Jackson Of Breach of Fiduciary Duty

Evidently, on December 19, 2022, a Momentum Independent Network Inc. customer filed FINRA Arbitration: 22-02889 about Leslie Jackson. Supposedly, Jackson made unsuitable recommendations, breached a fiduciary duty, and breached a contract. Because of this, the customer allegedly sustained damages involving a promissory note. Therefore, the customer requested $675,000 in compensation from Momentum Independent Network Inc. or Jackson. Evidently, this arbitration is pending a resolution.

Investment Losses Due To Leslie Jackson

Did you experience losses because of Leslie Jackson? If so, reach out to Soreide Law Group or call (888) 760-6552 to discuss the possibility of recovering your investment losses with a securities attorney. Soreide Law Group, having successfully recovered losses for investors nationwide, operates on a contingency fee basis and advances all costs associated with the legal process. Leslie Jackson and the brokerage firms he was affiliated with, including Momentum Independent Network Inc., deny any allegations of sales practice violations.