Jonathon Ebel Investigation
January 2024-Hauppauge, NY
According to publicly available record Jonathon Ebel, a Network 1 Financial Securities broker discloses three prior customer disputes and two pending customer disputes.
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.
Ebel has three customer disputes that were settled while he was employed by a prior broker dealer:
- Laidlaw & Company (UK) Ltd. customer alleged unsuitable trading from 2017 to 2018. The case settled for $3,000.
- Laidlaw & Company (UK) Ltd. customer alleged over concentration, unsuitability and excessive trading. This case settled for $6, 024.
- Laidlaw & Company (UK) Ltd. customer alleged excessive and unsuitable trading from 2016- 2018. The case settled for $30,000 with the entire amount paid by Ebel individually.
In FINRA case #22-02347, a Laidlaw & Company (UK) Ltd. customer alleges excessive trading, excessive commissions and unauthorized trading from 2017-2018. Alleged damages are $181,056 and the case is currently pending.
In FINRA case #22-01201, a Laidlaw & Company (UK) Ltd. customer alleges that Ebel made unsuitable recommendations during 2016-2018 and is seeking damages of $100,000. The case is currently pending.
Investigations involving Over-Concentration
Ebel discloses an IRS tax lien in the amount of $31,692. This lien is still outstanding.
Ebel has been employed with Network 1 Financial Services, Inc. since 5/2019. He was employed with Laidlaw & Company (UK) Ltd. from 3/2015 to 5/2019.
If you have suffered losses in an account handled by Jonathon Ebel contact us for a no charge consultation to learn how you may be able to recover damages through FINRA arbitration.
Firms Have a Duty to Supervise their Financial Advisors (FINRA Rules 3110 & 2090)
Brokers and their firms have a duty to comply with the FINRA suitability rule which requires that they have a reasonable basis to believe that a recommendation is suitable for the customer. FINRA Rule 2111- suitability
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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