Close Menu
Free Consultation: 888-976-6111

Kestra Advisor Jim Morrison Receives Oil & Gas Complaint

Waco, Texas financial advisor Jim Morrison (CRD# 1254375) is involved in an investor complaint alleging that a private placement investment recommendation resulted in losses. Financial Industry Regulatory Authority records show that he is a broker and investment advisor with Kestra Investment Services. He is also the owner and president of Jim Morrison Financial Services.

Mr. Morrison’s BrokerCheck report discloses one investor complaint. Filed in December 2022, it alleges that he recommended an unsuitable oil and gas private placement. The pending complaint, which also asserts that Kestra conducted inadequate due diligence on the investment, alleges damages of $150,000.

FINRA Rule 2111 states that brokers like Mr. Morrison may only recommend investment products and strategies that are considered suitable for their customers’ individual background and needs, as determined by a reasonable level of due diligence. More information on this standard is available here.

According to records maintained by the Financial Industry Regulatory Authority, Jim Morrison holds 38 years of securities industry experience. Based in Waco, Texas, he has been a broker with Kestra Investment Services since 2003 and an investment advisor with Kestra Advisory Services since 2016. His past registrations include NFP Advisor Services (Austin, Texas; 2003-2016), WS Griffith Securities (Hartford, Connecticut; 1995-2003), Omega Securities (Fort Worth, Texas; 1991-2000), Phoenix Equity Planning Corporation (Hartford, Connecticut; 1990-1991), Farwest Securities (Tampa, Florida; 1989), and Integrated Resources Equity Corporation (1984-1989). 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 Securities Agent State Law Examination, or Series 63. He is licensed in Oklahoma, South Carolina, Texas, and Wisconsin. (Information current as of December 26, 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
protected by reCAPTCHA Privacy - Terms
Latest Blog Posts
  • Robert Wise: Wells Fargo Advisor Faces $1 Million Complaint

    Tampa, Florida financial advisor Robert Wise (CRD# 5884184) recently received an investor complaint alleging that his advice resulted in seven-figure...

    Read More
  • Brett Wooten: $365K Complaint Against Landmark Financial Advisor

    Smyrna, Georgia financial advisor Brett Wooten (CRD# 5928719) recently received an investor complaint alleging more than $300,000 in damages. Financial...

    Read More
  • Brittani Schaefer: Ex-Arete Advisor Faces $100K Complaint

    Creve Couer, Missouri financial advisor Brittani Schaefer (CRD# 6327801) recently received an investor complaint alleging six-figure damages. Financial Industry Regulatory...

    Read More
  • Stephen Fortin: $70K Oil & Gas Complaint Against Ex-Lincoln Advisor

    Cincinnati, Ohio financial advisor Stephen Fortin (CRD# 2320006) allegedly recommended an unsuitable investment, according to a recent investor complaint. Financial...

    Read More
  • Previous
  • Next