DID JASON KIMBER CAUSE YOU INVESTMENT LOSSES?
Jason Kimber Of J.W. Cole Financial, Inc. Has 7 Customer Complaints For Alleged Broker Misconduct
About Jason Kimber of J.W. Cole Financial, Inc.?
Jason Kimber (CRD #6244188) is currently employed and registered with two firms: J.W. Cole Advisors, Inc. since November 24, 2020, and J.W. Cole Financial, Inc. since May 8, 2018. He has a total of 13 state licenses, is registered with one self-regulatory organization (SRO), and has passed two general industry/product exams and two multi-state securities law exams. However, he has not passed any principal or supervisory exams. Previously, Kimber was registered with Allegis Investment Services, LLC from July 2014 to May 2018 and Summit Brokerage Services, Inc. from September 2013 to July 2014. His professional history shows a focus on investment advisory and representative roles, with experience across multiple firms
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Jason Kimber Customer Complaints and Reviews
There are a total of 7 customer disputes reported against Jason Kimber, with varying statuses and outcomes. The key incidents are summarized below:
- Customer Dispute (Pending): Allegations involving fraud through an unaffiliated DBA while associated with multiple broker-dealers from July 2014 to June 2022. Damages are estimated at $860,000, with the case pending in 2nd District Court, Davis County, UT.
- Customer Dispute (Closed, Withdrawn,): Customers alleged that the firm failed to detect an alleged fraud by a deceased representative associated for a brief period. The complaint was withdrawn with no action taken.
- Customer Dispute (Pending): Allegations that Kimber’s prior association with a deceased representative led to fraud-related damages estimated at $14,400,000. The case remains unresolved as of the latest update.
- Customer Dispute (Pending): Allegations of indirect involvement in a fraud case leading to alleged damages of $7,100,000. This matter is also pending in FINRA arbitration.
- Customer Dispute (Pending): Similar allegations involving a deceased representative and indirect involvement in fraud. Alleged damages amount to $850,000, and the case is currently pending.
- Customer Dispute (Pending): Allegations against Kimber for not detecting his former partner’s fraudulent activities while affiliated with multiple firms. The estimated damages are $3,000,000, and the case is pending in the 2nd Judicial District Court, Davis County, Utah.
- Customer Dispute (Pending7): Allegations involving fraud activities related to Kimber’s former partner while affiliated with Allegis Investment Services, LLC. The alleged damages are $10,500,000, with the case currently pending in FINRA arbitration.
Allegations Against Jason Kimber
The allegations and accusations against Jason Kimber primarily involve his indirect association with a former partner accused of conducting fraudulent activities across multiple firms. The following summarizes the key allegations::
- Allegations that Kimber should have been aware of fraudulent activities conducted by his former partner, who acted independently and without Kimber’s knowledge or involvement. These activities involved persuading clients to move their money away from Kimber’s management.
- Multiple customer complaints suggest that Kimber indirectly benefited from his former partner’s fraudulent activities or failed to detect them. These complaints are being processed in various courts and arbitration forums, with significant alleged damages ranging from $850,000 to $15,000,000.
Jason Kimber Red Flags & Your Rights As An Investor
Of course, Jason Kimber did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of Jason Kimber at J.W. Cole Financial, Inc. on alert to review carefully the activity and performance of their accounts and question whether Jason Kimber has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at J.W. Cole Financial, Inc. also raises questions about the brokerage firm’s supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.
Did You Lose Money Because of Broker Misconduct?
If you have lost money due to negligence or fraud by a stockbroker or advisor, the easiest way to know if you have a case is to call our office at 800-732-2889. Our investment fraud attorneys will evaluate your claim for free and let you know if we can help you recover your losses.
Need Legal Help? Let’s talk.or, give us a ring at 561-338-0037.
File A Claim To Recover Your Investment Losses At J.W. Cole Financial, Inc. Due To Jason Kimber
If you have questions about J.W. Cole Financial, Inc., J.W. Cole Advisors, Inc and/or Jason Kimber and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.
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