Jonathan Blount: LPL Advisor Receives $192K ETF Complaint

Rustin, Louisiana financial advisor Jonathan Blount (CRD# 5700831) allegedly misrepresented investments, according to a recent investor complaint. Financial Industry Regulatory Authority records show that he is registered as a broker and an investment advisor with LPL Financial, doing business as Blount Financial Stewards.

Mr. Blount’s BrokerCheck report discloses one investor complaint. Filed in March 2026, it alleges that as a representative of LPL Financial, he misrepresented and recommended an unsuitable exchange-traded fund investment. The pending complaint alleges damages of $192,000.

In a statement included with the complaint’s disclosure, Mr. Blount defended himself against the allegations. “I deny the allegations in their entirety,” he wrote. “All investment recommendations and account management were conducted consistent with the clients’ stated investment objectives, risk tolerance, and within the scope of the advisory agreement. The claim is without merit.”

For reference, FINRA rules prohibit brokers like Mr. Blount from misrepresenting material facts concerning the investments or investment strategies they recommend to their claimants. FINRA Rule 2020 specifically stipulates that no broker shall “effect any transaction in, or induce the purchase or sale of, any security by means of any manipulative, deceptive or other fraudulent device or contrivance.” Securities industry rules and standards prohibit both fraudulent misrepresentation, or intentional provision of misleading information, as well as negligent misrepresentation, or the careless provision of misleading information. Investors who suffer losses on investments that they made as the result of misrepresentations may be able to bring a claim against their broker.

According to the Financial Industry Regulatory Authority, Jonathan Blount holds 16 years of securities industry experience. Based in Rustin, Louisiana, he has been registered as a broker and an investment advisor with LPL Financial since 2016, doing business as Blount Financial Stewards. His past registrations include Edward Jones (2013-2016) and PFS Investments (2009-2013). His credentials include the passage of five securities industry qualifying exams: the Securities Industry Essentials Examination, or SIE; the Uniform Combined State Law Examination, or Series 66; the Uniform Securities Agent State Law Examination, or Series 63; the General Securities Representative Examination, or Series 7; and the Investment Company Products/Variable Contracts Representative Examination, or Series 6. He is licensed in Arkansas, Louisiana, Maryland, Mississippi, Missouri, and Texas. (Information current as of May 20, 2026.)

Carlson Law represents investors throughout the United States in claims against financial advisors and investment firms. If you or a loved one have suffered investment losses, please call us at 888-976-6111 or complete our contact form for a free and confidential consultation.