Multiple investor complaints against Louisville, Kentucky financial advisor Jonathan Upton (CRD# 4559794) allege that he recommended unsuitable investments. Financial Industry...
Read MoreAdam Jacobs: Did Oppenheimer Advisor Make Unauthorized Trades?
A recent investor complaint against Beachwood, Ohio financial advisor Adam Jacobs (CRD# 4990788) alleges that he breached his fiduciary duty and made unauthorized trades. Financial Industry Regulatory Authority records show that he is a broker and an investment advisor with Oppenheimer & Company, with which he is also registered in Boca Raton, Florida.
Mr. Jacobs’ BrokerCheck report discloses one investor complaint. Filed in June 2023, it alleges that as a representative of Oppenheimer & Company, he recommended unsuitable options investments, breached his fiduciary duty, engaged in unauthorized trading, failed to act in the customer’s best interest, acted negligently, breached contract, and violated state securities laws between 2020 and the present. The pending complaint alleges damages of $300,000.
In a statement included with the pending complaint’s disclosure, Mr. Jacobs pushed back against the allegations. “I at all times conducted myself in an appropriate and professional manner,” he wrote, continuing: “I deny all allegations of wrongdoing, and intend to vigorously defend myself against the false, unwarranted and unsubstantiated allegations.”
According to the Financial Industry Regulatory Authority, Adam Jacobs holds 21 years of securities industry experience. Based in Beachwood, Ohio and Boca Raton, Florida, he has been a broker and an investment advisor with Oppenheimer & Company since 2009. His credentials include the passage of three securities industry qualifying exams: the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; and the Uniform Combined State Law Examination, or Series 66. He is licensed in Arizona, California, Colorado, Florida, Georgia, Illinois, Maryland, Massachusetts, Michigan, New Hampshire, New Jersey, New York, North Carolina, Ohio, Rhode Island, Texas, Virginia, and West Virginia. (Information current as of July 9, 2023.)
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.