Jon Freeze: Canonsburg, Pennsylvania Financial Advisor Barred
A disciplinary action taken by the Financial Industry Regulatory Authority against former Canonsburg, Pennsylvania broker and investment advisor Jon Freeze (CRD# 2642023) barred him after finding he refused to provide information connected with FINRA’s investigation of his variable annuity recommendations. A former representative of Fortune Financial Services, Freeze was barred from acting as a broker or otherwise associating with a broker-dealer firm.
According to a Letter of Acceptance, Waiver and Consent (No. 2017052701401) dated August 2017, FINRA sent Jon Freeze a request on June 20, 2017 for documents and information in connection with its investigation “relating to his recommendation of variable annuities.” When he did not comply with the request, FINRA sent a second request on July 7; on July 24, Freeze indicated through counsel that he would not produce the requested documents and information “at any time.” FINRA found this refusal to violate FINRA Rules 8210 and 2010. As a result of the foregoing alleged conduct, he was barred from associating with any broker-dealer firm in any capacity.
Jon Freeze’s disclosure records also list nine pending customer complaints against him.
A June 2019 complaint alleges that as a representative of Fortune Financial Services, he facilitated a liquidation of the customer’s account to purchase promissory notes; the complaint alleges damages of $175,000.
A March 2019 complaint alleges that as a representative of Fortune Financial Services, he “requested and received funds to be held in Alternative Energy Services,” which the complaint states “may be” a private placement sold away from the firm; the complaint alleges damages of $330,000. Another pending March 2019 complaint details similar allegations about a private placement that may have been sold away from the firm, and seeks damages of $84,000; a third pending 2019 complaint detailing similar allegations seeks damages of $370,000. A complaint filed in 2017 alleges that as a representative of Fortune Financial Services, he recommended an unsuitable investment and may have sold promissory notes away from the firm; the complaint alleges damages of $165,000.
Jon Freeze is currently not registered as a broker or investment advisor. His employment history includes Fortune Financial Services in Canonsburg, Pennsylvania; Summit Brokerage Services in Fredericksburg, Virginia; LPL Financial in Fredericksburg, Virginia; Lincoln Financial Advisors Corporation in Canonsburg, Pennsylvania; and the Lincoln National Life Insurance Company in Glastonbury, Connecticut. He currently holds zero state licenses and has passed four securities industry qualification examinations.