Jason Vanclef: $100K-$500K Complaint Against Los Angeles Advisor
Vanclef Financial Group’s Jason Vanclef (CRD# 5096529) allegedly made investment recommendations that led to six-figure losses, according to a pending investor complaint. Financial Industry Regulatory Authority records show that the Los Angeles-based representative offers securities through American Trust Investment Services and has been the subject of a FINRA investigation.
Filed in April 2022, the investor complaint disclosed in Mr. Vanclef’s BrokerCheck report alleges that as a representative of Westpark Capital, he made unsuitable investment recommendations, was negligent, and breached his fiduciary duty in relation to investments in real estate securities. The pending complaint alleges damages of $100,000 to $500,000. In a comment on the disclosure, Mr. Vanclef describes the allegations as “frivolous.”
In June 2021 FINRA “made a preliminary determination to recommend that disciplinary action be brought against Jason Vanclef,” according to a disclosure on his BrokerCheck report. The disclosure states further that the action relates to allegations that he “participated in undisclosed private securities transactions” and “made false written statements to a member firm.” FINRA has not yet brought an enforcement action against Mr. Vanclef, per his BrokerCheck report.
In February 2016 Mr. Vanclef was the subject of a FINRA complaint relating to allegations he “provided customers with misleading personalized recommendation spreadsheets that contained false, exaggerated, unwarranted or misleading statements, and included improper projections of investment performance.” He was fined $10,000 and suspended for ten business days.
According to the Financial Industry Regulatory Authority, Jason Vanclef holds 16 years of securities industry experience. Based in Los Angeles, California, he is a representative of Vanclef Financial Group, offering securities through American Trust Investment Services. He has been registered with American Trust since 2020. His past registrations include Delta Investment Management, Westpark Capital, VFG Securities, Crescent Securities Group, Niagara International Capital Limited, Madison Avenue Securities, and Sigma Financial Corporation. His credentials include the passage of four securities industry qualifying exams: the Uniform Combined State Law Examination, or Series 66; the Securities Industry Essentials Examination, or SIE; the General Securities Representative Examination, or Series 7; and the General Securities Principal Examination, or Series 24. He is licensed in Arizona, California, Connecticut, Georgia, Maryland, Michigan, Nevada, New York, North Carolina, Oregon, Texas, Washington, and Wisconsin. (Information current as of May 22, 2022.)
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