Jon Urbach: Fidelity Advisor Faces $426K Complaint

Chicago financial advisor Jon Urbach (CRD# 5308455) recently received an investor complaint alleging that his conduct resulted in damages exceeding $400,000. Financial Industry Regulatory Authority records show that he is registered as a broker with Fidelity Brokerage Services and an investment advisor with Fidelity Personal and Workplace Advisors.

Mr. Urbach’s BrokerCheck report discloses one investor complaint. Filed in July 2024, it alleges that as a representative of Fidelity Brokerage Services, he made an improper referral to an unaffiliated advisor. The pending complaint alleges damages of $426,273.

Fidelity’s website includes a page describing the firm’s financial planning services and offerings. “You have the option of working 1-on-1 with a dedicated advisor, access to coaching, or leveraging the ease of digital investing,” it explains. “Having a plan built around your goals can help give you the freedom to focus on the things that matter most to you. We can build and manage a portfolio around your goals, and can even review how your non-Fidelity accounts are invested.”

According to the Financial Industry Regulatory Authority, Jon Urbach holds 17 years of securities industry experience. Based in Chicago, Illinois, he has been registered as a broker with Fidelity Brokerage Services since 2008 and an investment advisor with Fidelity Personal and Workplace Advisors since 2018. His past registrations include Strategic Advisors (Chicago, Illinois; 2009-2018) and Fidelity Investments Institutional Services Company (Marlborough, Massachusetts; 2007-2008). His credentials include the passage of seven securities industry qualifying exams: the General Securities Sales Supervisor – Options Module Examination, or Series 9; the General Securities Sales Supervisor – General Module Examination, or Series 10; the Investment Company Products/Variable Contracts Representative Examination, or Series 6; the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; the Uniform Securities Agent State Law Examination, or Series 63; and the Uniform Combined State Law Examination, or Series 66. He holds 39 state licenses. (Information current as of August 18, 2024.)

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