Christopher Jacobi : Investment Loss Recovery
The White Law Group is investigating potential securities claims involving former Ameriprise financial advisor Christopher Jacobi (CRD #1648679) of Pensacola, Florida. Jacobi is reportedly the subject of multiple FINRA arbitration claims alleging that he recommended unsuitable, high-risk investments—including in the now-bankrupt company Ebix Inc.—resulting in substantial financial losses for his clients.
Investor Complaints Allege Unsuitable Investment Recommendations
According to FINRA’s BrokerCheck, Jacobi has a total of 10 customer disputes on his record, six of which are currently pending. These recent claims primarily allege that Jacobirecommended speculative and unsuitable investments, particularly concentrated positions in Ebix Inc. stock, according to an article in the Pensacola News Journal.
Ebix, a software and e-commerce firm, reportedly filed for Chapter 11 bankruptcy in December 2023, causing its stock value to plummet and wiping out many investors’ holdings.
Examples of Pending Investor Claims and Allegations:
- In June 2024, a client alleged that Jacobi’s speculative advice caused losses exceeding $150,000.
- A claim filed in August 2024 sought $250,000 in damages, again tied to alleged recommendations involving Ebix Inc.
- In a particularly devastating case, a 61-year-old Gulf Breeze man reportedly lost his entire life savings after Jacobi allegedly advised him to heavily invest in Ebix as a retirement strategy.
According to the complaints, Jacobi reportedly continued to reassure clients about the stock’s prospects, even as its value collapsed. Several of the arbitration cases are currently pending before FINRA Dispute Resolution, with claims ranging from $30,000 to $250,000 in damages.
History of Prior Disputes
In addition to the recent complaints, Jacobi has faced several past disputes dating back to the 1990s and 2000s. While those earlier complaints were either denied or closed without action, the consistency in allegations over decades—specifically regarding suitability and risk disclosure—raises red flags about his long-term conduct in the industry.
Oversight Failures? Spotlight on Ameriprise
Although Jacobi is named in these disputes, some claims also point to potential supervisory failures byAmeriprise Financial Services, the firm with which he was affiliated from 2009 to 2025. FINRA rules require brokerage firms to reasonably supervise their financial advisors and to intervene when red flags arise. If Ameriprise failed to detect or prevent Jacobi’s alleged misconduct, the firm could be held liable for failing to protect investors.
About Christopher John Jacobi
- CRD#: 1648679
- Years of Experience: 37
- Past Affiliations:
- Ameriprise Financial Services, LLC (2009–2025)
- Wachovia Securities, LLC (2002–2009)
- NBC Securities, Inc. (2001–2002)
- Dean Witter Reynolds Inc. (1994–2001)
- Prudential Securities (1990–1994)
- Blinder, Robinson & Co. (1987–1990)
Recovery Options for Investors
If you are concerned about investments with Christopher Jacobi or Ameriprise Financial Services, you may be able to recover your losses through FINRA arbitration. The White Law Group has represented thousands of investors in securities arbitration claims for over 20 years.
Free Consultation
If you have suffered investment losses with Christopher John Jacobi, contact The White Law Group at 888-637-5510 for a free consultation. For more information on our firm and current investigations, please visit www.whitesecuritieslaw.com.
Frequently Asked Questions (FAQs) – Christopher Jacobi
- What is FINRA arbitration?
FINRA arbitration is a legal process used to resolve disputes between investors and brokerage firms or their advisors. It is often faster and less costly than a traditional lawsuit.
- Can I recover losses from unsuitable investment advice?
Yes. If a financial advisor recommends investments that are not appropriate for your financial situation or risk tolerance, you may be able to recover damages through a FINRA arbitration claim.
- Is Ameriprise responsible for Jacobi’s actions?
Brokerage firms like Ameriprise are required to supervise their advisors. If the firm failed to prevent unsuitable recommendations or ignored red flags, it may be liable for investor losses
Last modified: June 25, 2025
