Jack Faller Faces Nine Month Suspension by FINRA

Jack Faller (CRD #: 1883661), a broker formerly registered with Crescendo Markets, has been suspended by FINRA, according to his BrokerCheck record, accessed on January 6, 2025. Read on to learn more about his alleged conduct as a broker.

FINRA Suspension

On December 11, 2024, Jack Faller consented to the entry of findings that he allegedly created false reports of branch inspections he completed at Monmouth Capital Management in 2020 and 2021, when in fact he had not conducted those inspections.

Firms are required under FINRA Rule 3110(c) to conduct office inspections to ensure they are complying with FINRA rules and securities regulations.

A Letter of Acceptance, Waiver & Consent (AWC) alleged that Jack Faller was responsible for inspections of the firm’s branch office between May 2019 and January 2022, but failed to produce any office inspection reports.

On March 2, 2023, Monmouth Capital Management’s then-Chief Compliance Officer (CCO) allegedly requested copies from Jack Faller of branch inspection reports for 2020 and 2021 in response to a FINRA Rule 8210 request. This rule requires firms to provide documents and information requested in connection with FINRA investigations.

Jack Faller allegedly disclosed to the CCO that he did not complete the inspections for those years and offered to create the reports, despite having not been associated with the firm for more than a year. He allegedly only dated one of these reports, falsely indicating that the 2021 report had been reviewed in that year.

On March 7, 2023, the CCO allegedly provided these reports to FINRA without disclosing they were created recently.

The AWC concluded that these allegations constitute violations of FINRA Rule 4511 and 2010.

FINRA Rule 4511

FINRA Rule 4511 requires firms to maintain accurate books and records.

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade.

Sanctions

Jack Faller consented to the following sanctions:

• Nine-month suspension from associating with FINRA members
• $5,000 fine

His suspension began on December 16, 2024, and will end on September 15, 2025. You can read the full AWC here.

Background Information

Jack Faller has passed the following exams:

• General Securities Principal Examination – Series 24
• Financial and Operations Principal Examination – Series 27
• Operations Professional Examination – Series 99TO
• Government Securities Representative Examination – Series 72
• Securities Trader Exam – Series 57TO
• Securities Industry Essentials Examination – SIE
• Limited Representative-Equity Trader Exam – Series 55
• General Securities Representative Examination – Series 7
• Uniform Securities Agent State Law Examination – Series 63

Jack Faller has worked for 38 firms in his career. His most recent firms include:

• Crescendo Markets (CRD#:298072)
• LGA Capital (CRD#:282415)
• Republic Partners (CRD#:281607)
• Consensus Securities (CRD#:144684)
• Kenmar Securities (CRD#:171793)
• Four Points Capital Partners (CRD#:43149)
• BlueSquare Capital Advisors (CRD#:284893)
• Emerging Manager Advisors (CRD#:151079)
• Amplify Community Investment Partners (CRD#:326530)
• Forest Road Securities (CRD#:313784)

Kurta Law Can Help

If you worked with Jack Faller and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm that exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf.