FINRA Bars Broker Jason Head after Allegations of Theft
According to public records on January 15th, 2025, The Financial Industry Regulatory Authority (FINRA) has reportedly barred Jason Head (CRD# 4920135) from working as a broker after allegations of conversion of customers’ funds.
According to a press release in September 2024, the U.S. Attorney’s Office, Northern District of Alabama reportedly charged Head with theft of more than $500,000 in client funds.
A one-count information filed in U.S. District Court charges Jason Brooks Head, 46, of Tuscaloosa, with bank embezzlement. A plea agreement was reportedly filed with the information, indicating that Head has agreed to plead guilty to the charge.
According to the information and plea agreement, Head was reportedly registered as a stockbroker who worked for Morgan Stanley Wealth Management throughout the relevant period. Beginning in July 2020 and continuing through November 2023, Head allegedly withdrew approximately $500,114.81 from the accounts of two of his Morgan Stanley clients without their authorization. Head purportedly transferred the funds to accounts he controlled and used for his personal benefit.
Broker Embezzlement: Protect yourself
Investors trust brokers to manage their finances, but cases of fraud, like embezzlement, show how important it is to take steps to protect your assets. While no method can guarantee complete protection, staying informed and proactive can lower your risk significantly.
Start by researching your broker or advisor thoroughly. Use tools like FINRA’s BrokerCheck to review their credentials and check for any past disciplinary actions. Choose well-established, reputable firms with a strong record of compliance and ethics.
Before signing any agreements, carefully review the terms, fees, and policies, and make it a habit to monitor your accounts for unusual activity. Clearly communicate your financial goals and risk tolerance, and don’t be afraid to ask questions. Diversify your investments to reduce the impact of potential fraud by any single broker. By following these steps, you can better protect yourself and your financial future.
Jason Head – FINRA Broker Check
The FINRA BrokerCheck tool is a free online tool that allows investors to research and verify the background and credentials of financial brokers, brokerage firms, and investment advisors registered with FINRA.
According to his broker report, Jason Head was reportedly registered with the following firms during his career, among others.
08/23/2019 – 01/10/2024, MORGAN STANLEY (CRD#:149777)Tuscaloosa, AL
05/16/2013 – 08/23/201 BBVA SECURITIES INC. (CRD#:27060)NORTHPORT, AL
04/14/2011 – 05/16/2013 BBVA COMPASS INVESTMENT SOLUTIONS, INC (CRD#:17086) TUSCALOOSA, AL
FINRA Rule 2010
FINRA Rule 2010 Standards of Commercial Honor and Principles of Trade- says that broker-dealers must operate with the highest standards of commercial honor in their dealings with investors.
Firms that fail to supervise their advisors, can be held responsible for investment losses in a Financial Industry Regulatory Authority (FINRA) arbitration claim.
Free Consultation
If you have suffered investment losses with Jason Head, the securities attorneys at the White Law Group may be able to help you by filing a FINRA Dispute Resolution claim. Please call (888) 637-5510 for a free consultation.
National Securities Attorneys
The White Law Group, LLC is a national law firm in securities fraud, securities arbitration, investor protection, and securities regulation and compliance. With offices in Chicago, Illinois and Seattle, Washington, the firm is dedicated to assisting investors across all 50 states with claims against their brokerage firms. Since its founding in 2010, The White Law Group has handled over 800 FINRA arbitration cases.
With more than 30 years of experience in securities law, The White Law Group has the knowledge and expertise to help investors recover losses resulting from securities fraud.
Last modified: January 16, 2025
