According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Jason Poschinger (Poschinger), previously associated with Cetera Investment Services LLC, has at least one disclosable event. These events include one tax lien, alleging that Poschinger recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.
FINRA BrokerCheck shows a pending customer complaint on October 15, 2024.
Jason Poschinger was named as a respondent in a FINRA complaint alleging that he downloaded from his member firm’s computer systems confidential information related to over 1,300 customer accounts that included customer names, Social Security numbers, phone numbers, addresses, birth dates, account numbers, and account values for over 600 customers. The complaint alleges that Poschinger did not inform his firm that he was taking the information, and he did not give the customers notice and opportunity to prevent the transfer of their information. Instead, Poschinger sent the customer data to two non-firm email addresses that he controlled and provided the information to another firm for his own benefit. The complaint also alleges that Poschinger signed an affidavit from his firm attesting that he had not and would not share the nonpublic personal customer information with any third party, that he had permanently and completely deleted the nonpublic personal customer information, that he no longer had any nonpublic personal customer information in his possession, and that he would not use any of the nonpublic personal customer information to contact his firm customers. Poschinger’s attestations were false. Before signing the affidavit, Poschinger had transmitted nonpublic personal customer information concerning over 1,300 firm customer accounts to Poschinger’s new business email address at another firm, submitted nonpublic personal customer information concerning over 600 customers to the firm’s operations personnel to identify them as his clients, and did not delete the information. Poschinger thereafter used the nonpublic personal customer information to contact over 600 customers of his prior firm, notify them that he had moved to a new member firm, and invite certain of them to transition their business to his new firm. The complaint further alleges that Poschinger provided nonpublic personal customer information to his new firm along with a signed Statutory Agent Agreement Schedule A. The signed agreement contained representations and warranties by Poschinger that the customer information that he provided was either publicly available or known to Poschinger independently of his association with prior firm and that he had not copied or taken the information from it. Poschinger’s representations and warranties were false. In fact, the customer information was not publicly available and known to Poschinger independently of his association with prior firm, and he had copied and taken the information from it. In addition, the complaint alleges that while associated with Poschinger’s prior firm, he opened four accounts at other FINRA member firms and one account at another financial institution in which securities transactions could be effected and in which he held a beneficial interest. Poschinger did not seek or receive the prior written consent of his firm to open the accounts.
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