{"id":654,"date":"2017-03-16T19:18:02","date_gmt":"2017-03-16T23:18:02","guid":{"rendered":"http:\/\/www.elderfinancialfraudattorneys.com\/?p=654"},"modified":"2018-10-04T16:20:50","modified_gmt":"2018-10-04T20:20:50","slug":"finra-suspends-fines-broker-jeffrey-jacobson","status":"publish","type":"post","link":"https:\/\/www.silverlaw.com\/blog\/finra-suspends-fines-broker-jeffrey-jacobson\/","title":{"rendered":"FINRA Suspends and Fines Broker Jeffrey Jacobson"},"content":{"rendered":"

\"FINRA<\/a><\/p>\n

Jacobson was sanctioned for failing to supervise a broker who is accused of executing unsuitable investments for elderly clients<\/h2>\n

The Financial Industry Regulatory Authority (FINRA) suspended Minnesota broker Jeffrey Jacobson for 15 days ending on December 12th, 2016 and fined him $7,500. Jacobson is alleged to have failed to adequately supervise a representative of his firm who initiated hundreds of trades for his elderly customers without contacting them. The representative is also reported to have unsuitably recommended<\/span><\/a> transactions to those customers, including a variety of short-term trades in corporate and municipal bonds. Churning of municipal bonds is a particular problem, because the costs of bond trading are not transparent.<\/p>\n

As a supervisor, Jacobson is alleged to have ignored warning signs of these unsuitable transactions, including unusually high trading activity in client accounts.<\/p>\n

Continue reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

Jacobson was sanctioned for failing to supervise a broker who is accused of executing unsuitable investments for elderly clients The Financial Industry Regulatory Authority (FINRA) suspended Minnesota broker Jeffrey Jacobson for 15 days ending on December 12th, 2016 and fined him $7,500. Jacobson is alleged to have failed to adequately supervise a representative of his […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1102],"tags":[9],"class_list":["post-654","post","type-post","status-publish","format-standard","hentry","category-blog","tag-finra"],"yoast_head":"\nJeffrey Jacobson : Elder Financial Fraud Alert<\/title>\n<meta name=\"description\" content=\"Jeffrey Jacobson was sanctioned by FINRA for failing to supervise a broker accused of executing unsuitable investments for elderly clients.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.silverlaw.com\/blog\/finra-suspends-fines-broker-jeffrey-jacobson\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" 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