Close Menu
Free Consultation: 888-976-6111

Jason Kimber: Former Allegis Advisor Denies $10.5mm Complaint

Former Allegis Investment Services advisor Jason Kimber (CRD# 6244188) recently received an investor complaint alleging eight-figure damages stemming from an allegedly fraudulent scheme. Financial Industry Regulatory Authority records show that he is currently a representative of JW Cole Financial in Logan, Utah.

Mr. Kimber’s BrokerCheck report discloses one investor complaint. Filed in November 2022, it alleges that while he was affiliated with Allegis Investment Services between 2014 and 2018, his “former partner was involved in a fraud.” It alleges further that he “indirectly benefited from the operation” and “should have identified the operation as a fraud.” The pending complaint alleges damages of $10.5 million.

In a statement included with the complaint’s disclosure, Mr. Kimber defended himself against the allegations, writing that he was not aware of his former partner’s fraud and that he “in no way benefitd” from it, whether directly or indirectly. “Unfortunately, my former partner independently persuaded some of my clients to move their money to him, thereby taking customers’ portfolios away from my management,” he stated further. “I did not in any way participate in this fraud. I did not know about it until I was contacted by the SEC in June 2022.”

According to the Financial Industry Regulatory Authority, Jason Kimber holds nine years of securities industry experience. Based in Logan, Utah, he has been a broker and an investment advisor with JW Cole Financial since 2018 and 2020, respectively. His past registrations include Allegis Investment Services (Clearfield, Utah; 2014-2018) and Summit Brokerage Services (Clearfield, Utah; 2013-2014). His credentials include the passage of four securities industry qualifying exams: the Investment Company Products/Variable Contracts Representative Examination, or Series 6; the Securities Industry Essentials Examination, or SIE; the Uniform Securities Agent State Law Examination, or Series 63; and the Uniform Investment Adviser Law Examination, or Series 65. He is licensed in Arizona, Arkansas, California, Colorado, Idaho, Iowa, Kentucky, Mississippi, Montana, New Mexico, North Dakota, Oregon, Utah, Washington, and Wyoming. (Information current as of December 11, 2022.)

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.

Facebook Twitter LinkedIn
Contact Us For A Free Case Evaluation
Latest Blog Posts
  • Blake Rose: $25K Complaint Against Pinnacle Strategies Advisor

    Santa Ana, California financial advisor Blake Rose (CRD# 1836176) is involved in an investor complaint alleging his advice resulted in...

    Read More
  • Lawrence Barrett: Oil & Gas Complaint Against Barrett Wealth Advisor

    A new investor complaint against Orange Village, Ohio financial advisor Lawrence Barrett (CRD# 13429) concerns an oil and gas investment....

    Read More
  • Arete Advisor Dennis Thurman: $100K-$500K GWG L Bond Complaint

    Chicago financial advisor Dennis Thurman (CRD# 2342398) allegedly recommended unsuitable GWG L bonds, according to a recent investor complaint. Financial...

    Read More
  • Did B. Riley’s Darren Daye Sell Unsuitable GWG, GPB Investments?

    Las Vegas financial advisor Darren Daye (CRD# 3032746) allegedly recommended unsuitable investments in GWG Holdings and GPB Waste Management, according...

    Read More
  • Previous
  • Next