FINRA Bars Jason Nelson, Former LPL Financial Broker for Non-Cooperation

Posted on June 14th, 2019 at 2:43 PM
FINRA Bars Jason Nelson, Former LPL Financial Broker for Non-Cooperation

From the Desk of Jim Eccleston at Eccleston Law LLC:

The Financial Industry Regulatory Authority (“FINRA”) recently barred Jason Nelson (CRD No. 4824535) from the industry for refusing to cooperate in FINRA’s Rule 8210 inquiry.

According to the Letter of Acceptance, Waiver, and Consent (“AWC”), Jason Nelson refused to provide on-the-record testimony requested by FINRA. FINRA stated that Nelson’s former member firm LPL Financial LLC had terminated his employment and filed a Form U-5 indicating that he misrepresented customer financial information to the firm in connection with annuity purchases.

FINRA Rule 8210 requires associated persons to “provide information orally, in writing, or electronically and to testify at a location specified by FINRA staff, under oath or affirmation with respect to any matter involved in the investigation, complaint, examination or proceeding.”

According to FINRA’s BrokerCheck, Jason had been with LPL Financial in Tremont for five years, from 01/17/2013 until 01/19/2018 and was terminated by LPL in January 2018, following allegations that he misrepresented client financial information to the firm in connection with annuity purchases.

The attorneys of Eccleston Law LLC represent investors and advisors nationwide in securities and employment matters. The securities lawyers at Eccleston Law also practice a variety of other areas of practice for financial investors and advisors including Securities FraudCompliance ProtectionBreach of Fiduciary DutyFINRA Matters, and much more. Our attorneys draw on a combined experience of nearly 65 years in delivering the highest quality legal services. If you are in need of legal services, contact us to schedule a one-on-one consultation today.

Related Attorneys: James J. Eccleston

Tags: james eccleston, eccleston law, eccleston law llc, eccleston, finra, lpl financial broker, jason nelson

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Fantastic news!!!!  Your professionalism, support and expertise were greatly appreciated.  You made a difficult situation much more bearable.

Marci M.


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