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John Jacobs: Did Merrill Lynch Advisor Faces Theft Allegations
Las Cruces, New Mexico financial advisor John Jacobs (CRD# 1405497) recently received an investor complaint alleging misconduct. Records maintained by the Financial Industry Regulatory Authority indicate that he is currently registered as a broker and an investment advisor with Merrill Lynch.
Mr. Jacobs’ BrokerCheck report discloses one recent investor complaint. Filed in January 2024, it alleges that as a Merrill Lynch representative, he stole funds. The pending complaint alleges unspecified damages of at least $5,000.
Merrill Lynch’s website includes a profile of Mr. Jacobs that describes him as a Senior Vice President of JD & Associates, a practice within the firm. “John creates financial strategies for clients to deliver,” the profile states. “Focused on risk management strategies, his deep understanding of the complex global economy enables him to help clients design flexible portfolios while seeking a balance between risk and return.” Elsewhere, the page describes the practice’s mission to understand the client and what matters to them. “We help you design and implement a personalized plan intended to help you and your family pursue financial goals while helping manage investment risk,” it explains. “Our approach is to focus on potential solutions that can help turn goals into reality.”
According to the Financial Industry Regulatory Authority, John Jacobs holds 38 years of securities industry experience. Based in Las Cruces, New Mexico, he has been registered as a broker and an investment advisor with Merrill Lynch since 1985. His credentials include the passage of nine securities industry qualifying exams: the General Securities Sales Supervisor Examination (Options Module & General Module), or Series 8; the General Securities Principal Examination, or Series 24; the General Securities Sales Supervisor – Options Module Examination, or Series 9; the General Securities Sales Supervisor – General Module Examination, or Series 10; the General Securities Representative Examination, or Series 7; the Futures Managed Funds Examination, or Series 31; 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 holds 55 state licenses. (Information current as of January 30, 2024.)
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