Last Updated: September 2025 — Baton Rouge, LA
Here’s what you need to know about Baton Rouge, LA stockbroker Jonathan R. Prestridge:
- Name: Jonathan Robin (R.) Prestridge
- Current Employer: Cetera Wealth Services, LLC (FINRA broker) and Cetera Investment Advisers LLC (investment adviser representative); branch at 9026 Jefferson Highway, Suite 103, Baton Rouge, LA 70809; registered with both since 02/20/2025
- Prior Firms: Concourse Financial Group Securities, Inc. (broker) and Concourse Financial Group Advisors (investment adviser), 05/2012–02/2025; Centaurus Financial, Inc. (broker 08/2002–05/2012; IA 01/2011–05/2012)
- Other Business Affiliations: (dba) Prestridge Financial Management — Owner/Producer (investment-related; insurance and financial services); Prestridge Tax Solutions — Registered Tax Preparer (non-investment related). Both list 9026 Jefferson Highway, Suite 103, Baton Rouge, LA 70809
- CRD number: 4554166
- Stockbroker / Financial Advisor: Yes — currently approved as a FINRA General Securities Representative; also an Investment Adviser Representative; holds CFP designation; exams include SIE (10/01/2018), Series 7 (08/29/2002), Series 66 (01/19/2010)
- Can Broker be Sued in FINRA: Yes — individuals registered with FINRA-member firms are subject to FINRA arbitration for customer disputes; one prior customer dispute is disclosed on his record
- Sanctioned by Securities Regulators: No regulatory sanctions are disclosed in the report provided (only a customer dispute is listed) report; prior written complaint alleged $200,000 in damages (received 05/02/2023) and was closed as settled with $0 paid (employing firm at the time: Concourse Financial Group Securities, Inc.)
If you’ve sustained damages from Mr. Prestridge, discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Jonathan Prestridge As Your Stockbroker?
A written customer complaint was received in May 2023 alleging that, while at Concourse Financial Group Securities, Inc., Mr. Prestridge misrepresented a third-party managed program, with alleged damages of $200,000and product type noted as a third-party managed account. The matter’s status is Settled with $0.00 paid to the customer (no FINRA arbitration case number listed on the report) (Status Date 05/23/2023).
Allegations of Broker Misconduct Against Jonathan R. Prestridge
- Unsuitability — Recommending or misrepresenting a program inconsistent with a customer’s profile may violate FINRA Rule 2111 (Suitability) and the SEC’s Regulation Best Interest (Exchange Act Rule 15l-1) for retail recommendations.
- Breach of Fiduciary Duty — Often alleged in matters involving inadequate disclosure or failure to act in a client’s best interest (analyzed alongside Reg BI obligations for broker recommendations to retail clients).
- Fraud / Misrepresentation or Omission of Material Facts — Use of misleading statements is prohibited under FINRA Rule 2020 and must meet the standards of FINRA Rule 2010 (commercial honor and principles of trade).
- Unauthorized Trading — If trading occurs without prior written authorization and firm approval, it can violate FINRA Rule 3260 (discretionary accounts).
(The BrokerCheck record specifically references an allegation of misrepresentation regarding a third-party managed program; the above represent common legal theories and rules implicated in similar disputes.)
Recover Your Investment Losses Now With Rex Securities Law
Investigation of Cetera Financial Brokers-Lawsuits, Arbitrations & Disputes
If you have suffered investment losses in an account handled by Jonathan R. Prestridge, 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.