Jason R. Jaynes Investigation
November 2021-Plano, TX
According to publicly available records Jason R. Jaynes , a stockbroker who was previously registered with Merrill Lynch, discloses a pending customer dispute which is seeking damages of $18 million.
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
In 1/2021 a customer of Merrill Lynch filed FINRA Case 21-172 alleging that Jaynes made unsuitable recommendations and misrepresentations involving futures commodities, from 2/2013-12/2019, causing damages of $18,000,000. This matter is currently pending.
In 8/2020 a customer of Wells Fargo filed FINRA case 20-2353, alleging that Jaynes made unsuitable recommendations and neglected to reduce the over-concentrated and over-leveraged nature of their account and is seeking damages in excess of $13,000.
Jason Jaynes was employed by Merrill Lynch from 10/2011=12/2019. . He has been employed by Wells Fargo since 12/2019.
If you suffered losses in an account handled by Jason Jaynes, call for a no charge consultation with an experienced securities attorney to discuss your options for recovery of damages.
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.
Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
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