Jeremy Jefferson Jacobson (CRD #4437801) is a Louisiana and Alabama-based broker who has been suspended by FINRA for making unauthorized trades in his customers’ accounts. He currently works with Topaz Asset Management but worked for LPL Financial until 2021. Jefferson has 21 years of experience and has passed five securities exams.
Complaints Against Jeremy Jefferson Jacobson
The BrokerCheck report filed on behalf of Jacobson shows that after being investigated, he accepted the findings of the federal regulator that he made trades, worth more than $1.1 million, in his customers' non-discretionary brokerage accounts without the customers' authorization or consent for the trades and in the process earned almost $8,000 in commissions.
What is Unauthorized Trading?
Unauthorized trading occurs when your financial professional makes trades on your account without your authorization. Your broker must obtain your permission before buying or selling anything for your account unless you’ve signed a written trading authorization that allows your broker to buy and sell securities in your account without having to contact you. However, that does not mean your broker can misuse or exceed this authority. Brokers and their firms who make unsuitable or unauthorized trades may be held liable for any sustained financial losses.
We Can Help!
The securities and investment fraud lawyers at Meyer Wilson have the skills and experience that are specifically suited to the needs of victims of investment fraud. If you suffered losses because Jacobson made unauthorized trades in your account, contact us today for a free consultation to discuss your legal options.
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Meyer Wilson is a law firm that represents wronged investors nationwide in matters involving securities / investment fraud and investment advisor misconduct, including unauthorized trading, elder fraud, and more. Our website contains additional information about the investment fraud and misconduct cases we handle, as well as common questions we often receive from investors who want to learn more about their rights and options.
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