Investor Alleges Jason Rossi Executed Unauthorized Trades

Jason Rossi (CRD #: 4384426), a broker registered with Aegis Capital Corporation, is the subject of a pending investor dispute, according to his BrokerCheck record, accessed on March 3, 2023. Read on if you want to know more about his alleged conduct as a broker.

Investor Dispute

On December 15, 2022, an investor filed a dispute alleging that Jason Rossi engaged in the following misconduct between November 2019 and December 2021:

• Unauthorized trading
• Churning and other violations of suitability
• Misrepresentation and omission of material facts
• Breach of contract
• Negligence

The client seeks $203,007 in damages in this pending dispute.

FINRA Rule 3260

FINRA Rule 3260 forbids brokers from conducting discretionary trading outside accounts approved in advance by their client and firm.

FINRA 2020

FINRA Rule 2020 bans the use of deceptive, manipulative, and otherwise fraudulent means of influencing investors’ decisions. The misrepresentation or omission of material facts violates this rule.

FINRA 2111

FINRA Rule 2111 requires brokers to tailor their investment recommendations to suit investors’ profiles. These profiles describe an investor’s tax status, risk tolerance, and other characteristics.

Churning is another name for excessive trading, which violates the need for quantitative suitability. In other words, a broker’s overall trading activity must be suitable for the client’s profile as much as individual trades. Excessive trading also generates fees and commissions that cut into clients’ returns.

Investors who rely on brokers for recommendations may be able to recover their losses through FINRA arbitration.

FINRA Rule 2010

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

What is broker negligence?

Brokers may act in many negligent ways. Common examples include unsuitable investment recommendations, misrepresentations or omissions of fact, and unauthorized trading.

Investors who feel their losses are the result of broker negligence may be able to recover their funds by seeking out FINRA arbitration.

Background Information

Jason Rossi has passed the following exams:

• Series 63 – Uniform Securities Agent State Law Examination
• SIE – Securities Industry Essentials Examination
• Series 7 – General Securities Representative Examination 

Jason Rossi is a registered broker in 30 states.

He has also worked for the following firms:

• Global Arena Capital Corporation (CRD#:16871)
• Prestige Financial Center (CRD#:30407)
• The Concord Equity Group (CRD#:14569)
• GunnAllen Financial (CRD#:17609)
• S.W. Bach & Company (CRD#:43522)
• Harrison Securities (CRD#:14103)
• Ladenburg Capital Management (CRD#:14623)

Kurta Law Can Help

If you worked with Jason Rossi 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 and 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.