Call Now For a Free Consultation:
(614) 502-6165

Utah Lpl Rep Jason Nelson Barred By FINRA

Jason Reed Nelson, a former LPL Financial representative in Tremonton, Utah, has been barred by FINRA over failing to cooperate with an investigation into alleged misconduct involving misrepresentations of customer information related to annuity purchases.

According to the Financial Industry Regulatory Authority, Nelson (CRD# 4824535) has been barred from the securities industry as of June 6, 2019. He had been employed by LPL Financial, LLC in Tremonton since 2013. 

FINRA’s BrokerCheck indicates Nelson was barred for refusing to provide testimony when requested by regulators. The investigation concerned the allegations of misrepresentations during his time at LPL.  In January 2018, Nelson was discharged from LPL Financial over allegations that he misrepresented client financial information in connection with annuity purchases to the brokerage firm. The purchases concerns both fixed and variable annuities.

Brokers are obligated to provide complete and factual information about any investment purchase or sale they recommend to their customers.  You can learn more about the inappropriate sale of annuities here.  If those recommendations come with incomplete or inaccurate representations from the brokers, brokerage firms may be held liable for losses resulting from the illegal sales.

Meyer Wilson has earned a national reputation protecting the rights and interests of wronged investors and victims of fraud. Our attorneys have extensive experience assisting clients in claims over misrepresentation, annuities, and other forms of investment fraud and misconduct. Call (800) 738-1960 to speak with an attorney about a potential case.

The information contained in The Firm’s posts on its blog, fraud alerts, investigations or elsewhere on the site is based upon information obtained from other sources including, but not limited to, news outlets and federal, state, and regulatory agency filings. All suspects and subjects of postings herein are presumed innocent until proven guilty in a court of law or administrative action and any and all crimes are alleged until a court or regulatory agency finds otherwise .

Share This Story
If you found the information provided by this article useful, consider sharing to your social media channels to help others in their search for reliable resources.
Consult with Our Legal Team
There is never a cost associated with a consultation

Columbus Office

614-224-6000
305 W. Nationwide Blvd
Columbus, OH 43215
Meyer Wilson
New Orleans Office

900 Camp Street 
Suite 337
New Orleans, LA 70130
Los Angeles Office

310-905-8688
2029 Century Park East,
Suite 400N
Los Angeles, CA 90067
Cleveland Office

216-600-1355
6140 Parkland Blvd.,
Suite 330
Mayfield Heights, OH 44124
Bloomfield Hills Office

248-817-8214
41000 Woodward Ave.,
Suite 350
Bloomfield Hills, MI 48304
Quick Links
Follow Us
The information contained in this Website is provided for informational purposes only, and should not be construed as legal advice on any subject matter. No recipients of content from this site, clients or otherwise, should act or refrain from acting on the basis of any content included in the site without seeking the appropriate legal or other professional advice on the particular facts and circumstances at issue from an attorney licensed in the recipient's state. Read More
The information contained in this Website is provided for informational purposes only, and should not be construed as legal advice on any subject matter.
Read More
chevron-down linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram