FINRA Bars Broker Jon Pariser after Allegations of Fraudulent Investment Scheme
Former Broker Jon Pariser (CRD #2755015) formerly of Independent Financial Group in Pacific Grove CA reportedly has ten customer complaints filed against him, according to his FINRA broker report. Pariser allegedly referred some of his customers to an individual who was not registered and who may have recommended or sold potentially unsuitable securities, according to FINRA.
According to one of the settled complaints, a customer alleged that Pariser “was involved with people running a scam and that he convinced her to invest in fraudulent investments resulting in losses.” The damage amount requested was $1,202,739.63, and the suit settled for $815,049.64.
FINRA reportedly barred Pariser after he refused to provide documents and information in its investigation of the allegations.
Jon Pariser was reportedly registered with the following FINRA registered firms, among others during his career in the securities industry.
07/03/2014 – 05/24/2018, INDEPENDENT FINANCIAL GROUP, LLC (CRD#:7717), Pacific Grove, CA,
12/18/2013 – 07/08/2014, SWS FINANCIAL SERVICES, INC. (CRD#:17587), PACIFIC GROVE, CA
04/28/2000 – 12/26/2013, LPL FINANCIAL LLC (CRD#:6413), PACIFIC GROVE, CA
Potential Lawsuits to Recover Financial Losses
The White Law Group is investigating potential securities fraud lawsuits regarding the liability that Pariser’s employers may have for failure to properly supervise him.
When brokers and registered investment advisors violate securities laws, such as churning accounts or making unsuitable investment recommendations, the brokerage firm they are working with may be liable for investment losses through FINRA Arbitration. Brokerage firms that fail to monitor the business activities of their employees may be liable for investment losses due to negligent supervision for the misconduct of their employees.
To learn more about the firm’s investigation of Independent Financial Group, please see: Independent Financial Group LLC Customer Complaints & Regulatory Actions
The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Seattle, Washington. We represent investors in all 50 states including California. Our attorneys have recovered millions of dollars from many brokerage firms in the past.
If you are concerned about your investments with Jon Pariser and Independent Financial Group, please call the securities fraud attorneys at The White Law Group at 888-637-5510 for a free consultation.
For more information on The White Law Group, and its representation of investors, please visit www.WhiteSecuritiesLaw.com.
Tags: Jon Pariser complaints, Jon Pariser fraud scheme, Jon Pariser investigation, Jon Pariser investment losses, Jon Pariser lawsuit, Jon Pariser Pacific Grove CA, Jon Pariser promissory notes Last modified: June 8, 2022