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Read MoreKurt Jackson: Investor Alleges Kestra Rep Caused $200K Losses
San Luis Obispo broker and investment adviser Kurt Jackson (CRD#: 2913769) recently received a customer complaint alleging his recommendations resulted in six-figure losses. According to records provided by the Financial Industry Regulatory Authority (FINRA), Jackson is currently registered with Commonwealth Financial Network.
Kurt Jackson’s BrokerCheck report currently lists one settled customer complaint, one pending customer complaints, and one customer complaint that concluded in an award granted to the claimant.
The most recent complaint, filed in 2021, alleges that as a representative of Kestra Investment Services, Kurt Jackson made unsuitable recommendations and made misrepresentations of material facts with regard to direct investments. The pending complaint alleges damages of $200,000.
A complaint filed in 2019 alleged that as a representative of Kestra Financial, Kurt Jackson breached his fiduciary duty and acted negligently in connection to several alternative investments, including oil and gas securities. The complaint reached a settlement in 2020 of $175,000.
A complaint filed in 2003 alleged that as a Merrill Lynch representative, he recommended unsuitable investments and over-concentrated the account in technology and biotechnology sectors. The complaint concluded in an award to the customer of $48,430.
According to FINRA records, Kurt Jackson has been registered as a broker and investment adviser with Commonwealth Financial Network in San Luis Obispo, California since 2015. His prior registrations include NFP Advisor Services in San Luis Obispo, California; UBS Financial Services in San Luis Obispo, California; Merrill Lynch in New York, New York; and Merrill Lynch in Santa Barbara, California. He has passed five securities industry qualifying examinations: the Uniform Investment Adviser Law Examination, or Series 65; the Uniform Securities Agent State Law Examination, or Series 63; the Securities Industry Essentials Examination, or SIE; the Futures Managed Funds Examination, or Series 31; and the General Securities Representative Examination, or Series 7. He holds 15 state securities licenses. (Information current as of June 10, 2021.)
