Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Jason Lockridge (Lockridge), previously associated with Mutual Securities, INC., has at least one disclosable event. These events include one customer complaint, alleging that Lockridge recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.
FINRA BrokerCheck shows a pending customer complaint with a damage request of $250,000.00 on October 31, 2022.
Plaintiff alleges the following: fraud, breach of fiduciary duty, unauthorized practice of law, and intentional interference. Summary of events leading to allegations: In the course of providing advisory services to the client in 2021, the advisor and client discussed the client’s wishes regarding his estate, including transfer-on-death/payable-on-death instructions, beneficiary designations, and the creation of a trust. In the summer of 2021, the client provided updated beneficiary instructions and the advisor forwarded relevant information to an attorney for creation of estate documents to achieve the stated desires of the client. The client died in November 2021.