April 2016- Oklahoma City, OK
UPDATED February 2018-See this for current details.
UPDATE MAY 2017–FINRA Records disclose that Jay D. Jordan currently has 9 pending and 4 prior customer disputes. The recently filed pending disputes include:
- FINRA Case 17-0358- customer of WFG Investments alleges damages of $4 million for unsuitable investments
- FINRA Case 17-0535-customer of WFG Investments alleges damages of $900,000 for unsuitable investments.
- July 2015 claim by customer seeking damages of $164,645 for unauthorized trading from 6/2011-present.
ORIGINAL POST JUNE 2016
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.
The FINRA records of Jay D. Jordan report that he was discharged from WFG Investments 3/31/2016, with the following allegations made by WFG Investments:
“WFG Investments has reasonably concluded the representative failed to follow certain policies of WFG, including failure to report a customer complaint, attempting to settle a customer complaint, unauthorized use of a personal email address to communicate with a customer and mischaracterizing aspects of an outside business activity”.
In a currently pending customer dispute, the customer alleges unauthorized trading in the account and claims damages of $164,644.
There are 4 prior customer disputes against Jordan reported that have been settled, including a claim that Jordan unsuitable recommendations and engaged in unauthorized trading. That case (NYSE 2002-010629) was settled for payment of $500,000 to the customer.
Jordan was registered with WFG Investments from 9/2005-4/2016.
If you have losses in an account handled by Jay D. Jordan, and believe that your account was mishandled, call to find out how you may be able to recover damages
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.
Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
Florida-561 391 1900