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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 (614) 532-4576 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 .

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