Jason Kimber, JW Cole Broker, Involved in Fraud Allegations

Jason Kimber (CRD# 6244188[1]), a broker registered with JW Cole Financial, was allegedly involved in or benefited from a former partner’s fraud, according to investor disputes. MDF Law is investigating the Logan, Utah-based financial professional for similar conduct. We urge investors with concerns about their accounts to call us for a free, confidential consultation.

To learn more about the allegations against Mr. Kimber, continue reading this post. The information below can be found in his BrokerCheck profile, a Financial Industry Regulatory Authority record examined on December 10, 2024. 

Pending Disputes Stem from Fraud Allegations

Between 2022 and 2024, eight parties of investors filed disputes involving Mr. Kimber. The disputes allege, among other things, that he was “indirectly involved” in a former partner’s fraud, that he “indirectly benefited” from the fraud, and/or that he failed to identify the fraud. While one of the disputes was withdrawn, seven others are still pending. As his BrokerCheck report reflects, they seek more than $37 million in damages.

Jason Kimber Defends Against Allegations

In statements included with several of the above-described disputes’ disclosures, Mr. Kimber denied the allegations. “Due to my prior association to my former partner, this client alleges that I should have been aware of his alleged fraud,” reads one of these statements. “I was not. My former partner conducted these activities as an outside business activity. I was unaware of his actions. My former partner acted without any association or involvement from or by me or my firm.” 

The statement proceeds to assert that Mr. Kimber did not participate in or benefit from his former partner’s fraud. As he wrote, “I did not know about it until I was contacted by the SEC in June 2022.”

What Is Summit Capital Financial Group?

As his BrokerCheck profile reflects, Mr. Kimber does business under the brand Summit Capital Financial Group. This firm’s website features a section outlining its “proactive approach” to helping investors find the right strategy for their needs. “Recognizing that everyone encounters challenges along the way, we strive to anticipate and address those situations as they occur,” this section reads. “We want to keep you on track toward a meaningful and purpose-driven financial future.”

FINRA: Broker Based in Logan, Utah

Mr. Kimber launched his career as a broker in 2013, when he registered with Summit Brokerage Services in Clearfield, Utah. According to FINRA, he remained at the firm until 2014, when he departed for Allegis Investment Services. In 2018, he left Allegis and joined J.W. Cole Financial’s office in Logan, Utah, where he remains today. Boasting 11 years of experience as a broker, he has completed four industry exams, including the Series 65 and the Series 63.

Call MDF Law for a Free Consultation

MDF Law has recovered tens of millions in lost funds for the victims of broker fraud. If you have complaints about investments recommended by Jason Kimber, call us today to discuss potential recovery options. Our investment fraud attorneys[2] offer free consultations across the US. Call 800-767-8040 to speak with our team today.