Plano Financial Advisor Jason Jaynes Involved in $18 Million Investment Dispute
Jason Jaynes (CRD #: 5555100), a broker registered with Wells Fargo Clearing Services, is involved in investor allegations of unsuitable investment recommendations, according to his BrokerCheck record, accessed on November 10, 2021.
Investor was a Client of Wells Fargo and Merrill Lynch
On January 25, 2021, investors alleged that Jason Jaynes made unsuitable investment recommendations and misrepresented certain securities. The investor is seeking $18,000,000; the dispute is pending.
On August 7, 2020, investors alleged that Jason Jaynes made unsuitable investment recommendations and neglected to reduce over-concentrated securities.
Jason Jaynes has passed the Series 66 Uniform Combined State Law Examination, the Securities Industry Essentials Examination, the Series 3 National Commodity Futures Examination, the Series 31 Futures Managed Funds Examination, and the Series 7 General Securities Representative Examination. He is a registered broker in 16 states and a registered investment adviser in Texas.
Jason Jaynes has worked in the securities industry for 12 years. During that time, he has worked for four firms:
- Wells Fargo Clearing Services (CRD #: 19616)
- Merrill Lynch, Pierce, Fenner & Smith (CRD #: 7691)
- Morgan Stanley Smith Barney (CRD #: 149777)
- Morgan Stanley & Co (CRD #: 8209)
If Jason Jaynes was your broker and you have questions about your investments, don’t hesitate to contact us with questions.