FINRA Bars New York Advisor Peyton N. Jackson
According tothe Financial Industry Regulatory Authority, on September 27, 2017, Peyton N. Jackson (CRD #1988387, Alexandria, Virginia) was reportedly barred from association with any FINRA member in all capacities.
FINRA’s sanction was based on findings that Jackson allegedly failed to comply with multiple FINRA requests for information pertaining to an investigation into the validity of allegations by several of Jackson’s former customers.
Jackson’s former customers who filed statements of claim against him and his former member firms allege that he recommended unsuitable securities and engaged in fraud.
According to his FINRA BrokerCheck report, Jackson has fourteen disclosures listed on his Broker report, including twelve customer complaints. Allegations include unsuitability, fraudulent misrepresentations and material omissions regarding the risks of the investments, negligence and/or gross negligence, breach of implied/express contract, breach of implied duty of good faith and fair dealing and industry rules. Jackson was registered with Alexander Capital in New York, NY from December 2012 until April 2015.
For FINRA’s full findings see FINRA Case #2016049252901.
Failure to Supervise
Brokerage firms are required to adequately supervise their advisors. They must ensure they are complying with FINRA rules.
When brokers abuse client accounts and conduct transactions that violate securities laws, the brokerage firm they are working with may be liable for investment losses. Brokerage firms that fail to monitor the business activities of their employees may be liable for investment losses due to negligent supervision for the misconduct of their employees.
The brokerage firms can be held responsible for any losses in a FINRA arbitration claim if it is determined that they failed to properly supervise their agent.
Did you suffer losses investing with Peyton N. Jackson? If so, the attorneys at The White Law Group may be able to help you to recover your losses. For a free consultation, please call (888) 637-5510.
The foregoing information, which is all publicly available, is being provided by The White Law Group.
The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Franklin, Tennessee. For more information, please visit our website, www.whitesecuritieslaw.com.