A significant investigation has been launched into the conduct of Nashville, Tennessee-based financial advisor Jason Price Lamb, who is currently registered with Arete Wealth Management, LLC. The investigation follows a staggering surge in customer complaints filed in 2024, with claimants alleging more than $1 million in damages tied to unsuitable investment recommendations.
Ten customer disputes were filed against Jason Lamb in 2024 alone, with investors alleging unsuitable recommendations for high-risk and illiquid products that did not match their financial goals. If you suffered investment losses while working with Jason Lamb or Arete Wealth Management, the alternative investment loss attorneys at Meyer Wilson Werning are reviewing claims now. Contact us today for a free and confidential consultation, and you pay nothing unless we recover for you.

Overview of Jason Price Lamb’s Regulatory Record
Jason Lamb (CRD# 3248356) has over 25 years of experience in the securities industry. While his career spans five different firms, his recent record is marked by a sudden and dramatic increase in customer disputes.
Important Points from the Regulatory Record:
- 11 total disclosures currently appear on his professional record.
- 10 customer disputes were filed against him in 2024 alone, most within a single four-month window.
- 1 regulatory action from 2014 involved a failure to supervise the sale of illiquid, high-risk investments.
- $1,015,000 in total damages was requested in the settled August 2024 disputes alone.
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Detailed Breakdown of 2024 Complaints Against Jason Lamb
The recent wave of complaints primarily focuses on allegations of unsuitable investment recommendations. Investors often claim they were placed into high-risk or illiquid products that did not align with their financial goals or risk tolerance.
Summary of Recent Customer Disputes:
- December 2, 2024: A pending claim for an unsuitable recommendation with $100,000 in damages requested.
- November 8, 2024: A settled claim for an unsuitable recommendation; requested $250,000 and settled for $3,000.
- August 23, 2024: A settled claim for an unsuitable recommendation; requested $110,000 and settled for $110,000.
- August 23, 2024: A settled claim for an unsuitable recommendation; requested $86,000 and settled for $6,000.
- August 23, 2024: A settled claim for an unsuitable recommendation; requested $105,000 and settled for $8,250.
- August 23, 2024: A settled claim for an unsuitable recommendation; requested $100,000 and settled for $100,000.
- August 23, 2024: A settled claim for an unsuitable recommendation; requested $100,000 and settled for $100,000.
- August 23, 2024: A settled claim for an unsuitable recommendation; requested $220,000 and settled for $8,250.
- August 23, 2024: A settled claim for an unsuitable recommendation; requested $184,000 and settled for $8,250.
In his responses to these claims, Jason Lamb has consistently denied making any recommendations or sales to these clients, suggesting he was named only because of his association with a former broker-dealer that is no longer in business.
Historical Supervision Concerns and Regulatory Action
Beyond the recent surge in client complaints, Jason Lamb has a history of regulatory discipline. In 2014, FINRA sanctioned him for a failure to supervise sales of high-risk alternative investments.
Findings from the 2014 Action:
- The case involved approximately $770,000 and affected nine customers.
- Lamb paid a $10,000 fine and served a two-month suspension from all principal capacities.
- Regulators found that he failed to address “red flags” or confirm the suitability of high-risk debentures for his clients.
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Recovering Your Losses Through Arbitration
The pattern in Jason Lamb’s record is difficult to dismiss. A 2014 FINRA suspension for failing to supervise high-risk alternative investments. Then, a decade later, ten customer complaints filed within a single four-month window, all alleging the same thing: unsuitable recommendations. The settlements reached in August 2024 suggest those claims had merit. A pending dispute filed in December 2024 suggests the pattern may not be finished.
For over 25 years, Meyer Wilson Werning has recovered more than $350 million for investors harmed by unsuitable investment recommendations and the firms that failed to supervise the advisors who made them. If you suffered losses tied to Jason Lamb’s recommendations at Arete Wealth Management or another firm, contact us today for a free and confidential consultation. You pay nothing unless we recover for you.
Frequently Asked Questions

What are the main allegations against Jason Lamb?
The majority of the 10 customer disputes filed in 2024 involve allegations of unsuitable investment recommendations. These claims relate to high-risk or illiquid products that were allegedly inappropriate for the investors’ financial situation.
Has Jason Lamb been disciplined by regulators?
Yes. In 2014, FINRA fined Jason Lamb $10,000 and suspended him for two months for failing to supervise the sales of high-risk alternative investments totaling approximately $770,000.
Can I recover money if my advisor’s former firm went out of business?
Yes. While Jason Lamb has claimed he is being named because a former firm closed, investors often pursue compensation from the responsible advisor or current firm through arbitration regardless of the former firm’s status.
What legal options do investors have if they lost money with Jason Lamb?
Most investors are required to pursue recovery through arbitration, where claims of unsuitable recommendations and poor supervision can be presented to seek compensation for losses.
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