In July 2023, US-based cryptocurrency investment firm and registered investment adviser CoinFund announced that it had closed its $158 million...Read More
Jonathan Ebel: $100K Complaint Against Network 1 Advisor
Hauppage, New York financial advisor Jonathan Ebel (CRD# 5902719) has received multiple investor complaints alleging his investment advice resulted in five- or six-figure losses. Financial Industry Regulatory Authority records show that he is a broker with Network 1 Financial Securities.
Mr. Ebel’s BrokerCheck report discloses four investor complaints. The most recent, filed in June 2022, alleges that as a representative of Laidlaw & Company, he recommended unsuitable investments from 2016 until 2018. The pending complaint alleges damages of $100,000.
A second investor complaint, filed in 2020, alleges that he made excessive trades, over-concentrated investments in the account, and recommended unsuitable transactions. The pending complaint alleges damages of $12,721. In a statement on the disclosure, Mr. Ebel wrote that the complaint “has no basis and the matter will be defended vigorously.”
A third complaint, filed in December 2021, alleged that as a representative of Laidlaw & Company, he engaged in unsuitable trading from 2017 to 2018. The complaint reached a settlement of $3,000. In a statement on the disclosure, Mr. Ebel wrote that he denied “any allegations and claims of wrong-doing” and would “defend myself vigorously against these claims.”
A fourth complaint, filed in 2018, alleged that he made excessive and unsuitable trades while at Laidlaw & Company. The complaint reached a settlement of $30,000. In a statement on the disclosure, Mr. Ebel wrote, “The claims are unsubstantiated and the matter will be defended vigorously.”
According to the Financial Industry Regulatory Authority, Jonathan Ebel holds 11 years of securities industry experience. Based in Hauppage, New York, he has been a broker with Network 1 Financial Securities since 2019. His past registrations include Laidlaw & Company (2015-2019), Rockwell Global Capital (2012-2015), and EKN Financial Services (2011-2012) in Melville, New York. His credentials include the passage of three securities industry qualifying examinations: the General Securities Representative Examination, or Series 7; the Uniform Securities Agent State Law Examination, or Series 63; and the Securities Industry Essentials Examination, or SIE. He holds 26 state licenses. (Information current as of July 17, 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.