Jason Smith: Legacy Advisor Lands $75K Investor Complaint

East Peoria, Illinois financial advisor Jason Smith (CRD# 6151353) allegedly recommended an unsuitable investment, according to a recent investor complaint. Financial Industry Regulatory Authority records show that he is currently registered as a broker and an investment advisor with Osaic Wealth, doing business as Legacy Investment Services.

Mr. Smith’s BrokerCheck report discloses one investor complaint. Filed in March 2024, it alleges that as a representative of Woodbury Financial Services, he recommended and sold an unsuitable alternative investment in a real estate product. The pending complaint alleges damages of $75,000.

Legacy Investment Services’ website includes a profile of Mr. Smith that describes him as a partner at the firm. “With an extensive background in retirement income planning, investment management and estate planning, his goal is to help every client achieve their financial dreams,” it states. “Since his start with Legacy, Jason has been involved in numerous areas of the firm’s operations including client services, fund research and analysis, and portfolio construction and management. Aside from working with clients independently, Jason works jointly with other members of Legacy’s team and leads Legacy’s partnership with local banks to provide wealth management services.”

According to the Financial Industry Regulatory Authority, Jason Smith holds 11 years of securities industry experience. Based in East Peoria, Illinois, he has been registered as a broker and an investment advisor with Osaic Wealth since January 2024, doing business as Legacy Investment Services. He was previously registered with Woodbury Financial Services in East Peoria from 2013 until 2024. His credentials include the passage of four securities industry qualifying exams: the General Securities Principal Examination, or Series 24; 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, Florida, Georgia, Illinois, Indiana, Massachusetts, Missouri, Tennessee, and Wisconsin. (Information current as of May 28, 2024.)

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