Luis Jean-Bart Involved in 7-Figure Dispute
Luis Jean-Bart (CRD# 5472965), a broker registered with Primerica Financial Services, is involved in an investor dispute alleging that his advice caused monetary losses. MDF Law is currently investigating the Cranbury, New Jersey-based financial professional for similar conduct. We urge investors with concerns about their accounts to contact us immediately.
To learn more about the allegations against Mr. Jean-Bart, continue reading this post. The information herein is based on a November 15, 2023 review of his BrokerCheck profile, a Financial Industry Regulatory Authority (FINRA) record.
Pending Dispute Seeks 7-Figure Damages
On August 30, 2023, an investor filed a dispute involving Mr. Jean-Bart. The dispute alleges that he and other defendants caused the claimants “to participate in a purported investment club run by a third party unaffiliated” with his member firm. The dispute, which remains pending, seeks $1.4 million in damages.
Allegations Against PFS Investments
Mr. Jean-Bart’s member firm, Primerica Financial Services, has been involved in two investor disputes that evolved into FINRA arbitration proceedings, according to its BrokerCheck profile. One such dispute, filed in 2009, alleged that the firm misrepresented material facts and breached its fiduciary duty. It resolved with an award to the customer of $477,867.12. A second claim, filed in 2004, alleged breach of fiduciary duty and supervisory failures, resolving with an award of $200,625.
Luis Jean-Bart Offers Investment, Insurance Services
As his profile on Primerica Financial Services’ website reflects, Mr. Jean-Bart offers investment services to customers in New Jersey and other states. “I became a Primerica Financial Representative because I wanted to help my neighbors and the residents of Cranbury and the surrounding communities with their financial and life goals with a personalized investments strategy,” he notes in a biographical statement. “Whether you are interested in financial services, investment services or term life insurance, I can help find the financial solutions that meet your needs.”
FINRA: Jean-Bart Based in Cranbury, New Jersey
Luis Jean-Bart launched his career as a broker in 2009, according to his BrokerCheck profile. That year he registered with Primerica Financial Services, or PFS Securities, in Cranbury, New Jersey. He has remained at the firm since. With 14 years of experience as a broker, he has completed three industry exams.
Jean-Bart Complaints? Contact MDF Law
Are you a current or former client of Luis Jean-Bart with concerns about your investments? You may have recovery options. Contact MDF Law if your broker did not fully disclose risks in your portfolio or otherwise recommended unsuitable securities. Our clients only pay a fee if they recover losses, and our team offers free consultations nationwide. You may have limited time to file a claim, so don’t delay. Call 800-767-8040 today.