Jason Zahtila Involved in $900,000 Dispute over Excessive Trading

otc securities

Jason Zahtila (CRD #: 4009691), a broker registered with American Capital Partners, faces a dispute over allegedly churning an account, according to his BrokerCheck record, accessed on November 2, 2021. There are seven other disputes on his record – investors concerned about their investments should contact us.

Investor Alleges Excessive Trading and Commissions

On October 26, 2020, a client alleged that Zahtila recommended unsuitable investments and churned the account. “Churning” refers to the practice of executing excessive trades for the sake of generating commissions and fees for the brokers. The client is seeking $900,000; the dispute is pending.

On February 12, 2015, a client alleged that Jason Zahtila recommended unsuitable investments and churned the account. The client sought $384,224.87; the dispute settled for $80,000. In the broker comment section, Zahtila stated that the investor is a “sophisticated business owner and accredited investor.”

On November 3, 2009, a client alleged that Zahtila had made unsuitable investments. The client sought $900,000; the dispute settled for $250,000.

On November 18, 2008, a client alleged that Zahtila has churned the account and made unsuitable investments. The client sought $489,584; the dispute settled for $120,000.

Prior FINRA Arbitration Matters Involving Zahtila

On February 16, 2006, a client alleged that Zahtila charged high commissions and failed to enter a stop-loss. Investors issue stop-loss orders to set a firm limit on their losses. The dispute was denied without entering arbitration.

On May 15, 2002, a client alleged that Jason Zahtila had misrepresented an investment and liquidated certain securities in order to execute unauthorized trades. An arbitration panel awarded the investor $4,200 – you can read a copy of the arbitration award here.

On April 2, 2002, a client alleged that Jason Zahtila executed unauthorized trades. The client sought $250,000 and after entering arbitration the investor was awarded $100,000. You can read the arbitration award here.

Jason Zahtila has passed the Series 66 Uniform Combined State Law Examination, the Series 63 Uniform Securities Agent State Law Examination, the Securities Industry Essentials Examination, the Series 7 General Securities Representative Examination, and the Series 24 General Securities Principal Examination. He is a registered broker in 44 states and a registered investment adviser in 12 – Alabama, Nebraska, Arizona, New Jersey, Florida, Pennsylvania, Indiana, South Carolina, Kansas, Texas, Washington, Mississippi.

In Zahtila’s 21 years of experience, he has worked at the following five firms:

Did You Lose Money with Jason Zahtila?

If Jason Zahtila was your broker and you have questions about your investments, don’t hesitate to contact us.

Print this Article