FINRA Bars Former LPL Rep
Financial Industry Regulatory Authority has barred former LPL Financial representative Jason Nelson for refusing to provide testimony to regulators in connection with his termination from LPL.
Financial Industry Regulatory Authority has barred former LPL Financial representative Jason Nelson for refusing to provide testimony to regulators in connection with his termination from LPL.
According to a letter of acceptance, waiver and consent, FINRA requested that Nelson provide on-the-record testimony after being discharged from LPL for “misrepresenting customer financial information to the firm in connection with annuity purchases.” In an email to FINRA staff, Nelson acknowledged that he received the request but would not participate, a violation of FINRA rules.
Nelson was affiliated with LPL for five years until January 2018 and held FINRA Series 7, 63, 66, SIE designations. Prior to LPL, he spent eight years at Edward Jones and had no prior disciplinary history with the Securities and Exchange Commission, any state securities agency, FINRA, or other self-regulatory organization.
Nelson consented to the indefinite bar without admitting or denying the findings.
