Last Updated: December 2023 (Dallas, Texas)
Leslie Jackson Investigation Summary
Here’s what you need to know about Dallas, Texas stockbroker Leslie Jackson:
- Name: Mr. Leslie Don Jackson
- Current Employer: Barred by FINRA from acting as a broker or otherwise associating with a broker-dealer firm
- DBA: Jackson Financial Services
- Previous Firms: Momentum Independent Network
- Function: Stock Broker/ Financial Advisor
- Aliases: Les Jackson
- Primary Location: Dallas, Texas
- CRD 2176917
- Can Les Jackson be sued in FINRA arbitration: Yes
- Sanctioned by FINRA: Yes- Permanently barred
- Discharged by prior employer: Yes
- Pending Customer Dispute Seeks Damages of $675,000
Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Leslie Jackson As Your Stockbroker?
In 9/2023 FINRA permanently barred Les Jackson from the securities industry after finding that he participated in private securities transactions totaling $1,975,000 without providing advance written notice to his member firm. The FINRA findings stated that Jackson participated in the sale of promissory notes issued by entities purportedly engaged in a business that provided financing to construction companies. Jackson received periodic payments from the issuers in amounts equal to 3% of each investment per year. Jackson falsely responded to questions about whether he had participated in private securities transactions on compliance questionnaires.
In 12/2022 a customer of Momentum Independent Network filed a FINRA arbitration alleging that Les Jackson made unsuitable recommendations to invest in a promissory note. Damages of $675,000 are sought in this pending matter.
Momentum Independent Network discharged Les Jackson in 12/2022 for violating firm policy. Jackson had been with Momentum Independent Network since 1991.
Firms Have a Duty to Supervise their Financial Advisors (FINRA Rules 3110 & 2090)
Brokers and their firms have a duty to comply with the FINRA suitability rule which requires that they have a reasonable basis to believe that a recommendation is suitable for the customer. FINRA Rule 2111- suitability
Allegations of Broker Misconduct Against Leslie Jackson
A customer of Les Jackson has alleged the following wrongdoing in connection with the handling of customer accounts:
- Unsuitable Investment Recommendation to invest in promissory note
- Breach of fiduciary duty
- Breach of contract
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
Recover Your Investment Losses Now With Rex Securities Law
If you have suffered investment losses in an account handled by Les Jackson, contact us for a complimentary consultation with an experienced securities lawyer to learn how you may be able to recover damages through FINRA arbitration.
With offices in Boca Raton, FL and Austin, TX, stockbroker fraud attorney Bob Rex provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers, financial advisors and broker dealers.
If you have questions about how your account has been handled, call (877) 224-3199 to speak with an experienced securities attorney at no cost to you.
Most cases are handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.