Jeff Morrison: Bond Complaints Against LifeMark Advisor

A recent investor complaint against Livingston, New Jersey financial advisor Jeff Morrison (CRD# 3200399) alleged negligence involving a corporate bond investment. Financial Industry Regulatory Authority records show that he is registered as a broker and an investment advisor with LifeMark Securities.

Mr. Morrison’s BrokerCheck report discloses two investor complaints. The most recent, filed in February 2025, he acted negligently and breached his fiduciary duty in connection with a corporate bond whose issuer later filed for bankruptcy. In 2025 the complaint reached a settlement of $40,000.

In a statement included with the complaint’s disclosure, Mr. Morrison defended himself against the allegations. “The clients are accredited investors with many years of experience with all types of investing,” he wrote. “At the time of the investment, we believed the investment was suitable and an appropriate part of the clients’ overall portfolio given their financials, risk tolerance and objectives as represented by the clients. Unfortunately, the company filed Chapter 11 years after the investment was made. All risks and features of the investments were accurately disclosed and Client received and signed written disclosures.”

An earlier investor complaint, filed in 2022, similarly alleged negligence, breach of fiduciary duty, misrepresentation, and unsuitable recommendations of a corporate bond investment whose issuer later filed for bankruptcy. In 2024 the complaint reached a settlement of $17,000.

According to the Financial Industry Regulatory Authority, Jeff Morrison holds 26 years of securities industry experience. Based in Livingston, New Jersey, he has been registered as a broker and an investment advisor with LifeMark Securities since 2005 and 2009, respectively. His past registrations include Hornor Townsend & Kent, 1717 Capital Management Company, AXA Advisors, and the Equitable Life Assurance Society of the United States. His credentials include the passage of five securities industry qualifying exams: the Uniform Investment Adviser Law Examination, or Series 65; the Uniform Securities Agent State Law Examination, or Series 63; the Securities Industry Essentials Examination, or SIE; the General Securities Representative Examination, or Series 7;  and the Investment Company Products/Variable Contracts Representative Examination, or Series 6. He is licensed in Alabama, Florida, Georgia, Maryland, New Jersey, and New York. (Information current as of June 25, 2025.)

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