Fraud Halt

Anthony Scott Jezek Audit (2023) – A Scam or Legit Broker?

Anthony Scott Jezek  – and the firm that employs him or her – is regulated by the Financial Industry Regulatory Authority (FINRA).

If you are like most people, before you go out to dinner at a new restaurant, you probably take a quick look at the reviews. This makes sense; you are going to pay for an expensive dinner, and you need to be sure that you are getting a good value.

Yet, when choosing a financial advisor, many people fail to conduct this same level of due diligence. Before turning over access to your money, you need to be sure that you have found a financial advisor that you can trust. Here, our audit report, including details of allegations, complaints, and sanctions will help you decide whether or not to invest with Anthony Scott Jezek.

The stock market is a device for transferring money from the impatient to the patient… Warren Buffet

BrokerComplaints.com is currently investigating allegations related to Anthony Scott Jezek. We provide a free platform for investors to help them in their claims against negligent brokers and brokerage firms.

About Anthony Jezek

Anthony Scott Jezek is an Investment Adviser. Anthony Scott Jezek’s Central Registration Depository (CRD) number is 1425736 and the FINRA Profile can be found at – https://brokercheck.finra.org/individual/summary/1425736.

Click here to download a Detailed Audit Report for Anthony Scott Jezek.

Anthony Scott Jezek has previously been reprimanded and has disclosures and/or client dispute(s) listed at FINRA BrokerCheck.

Accusations and Disclosures

You can find below, a quick snapshot of Anthony Scott Jezek’s regulatory actions, arbitrations, and complaints.

DISCLOSURE 1 – 

  • Event Date: 8/23/2019
  • Disclosure Type: Customer Dispute
  • Disclosure Resolution: Settled
  • Disclosure Detail :: Allegations: Time frame: 2017 – 2018 Claimant’s counsel alleges failure to follow instructions to transfer account ‘as is’ to a new firm and instead, sold, without approval, equities in account causing losses.
  • Damage Amount Requested: $166,582.50
  • Settlement Amount: $71,500.00
  • Arbitration Docket Number: 19-02433
  • Broker Comment: I maintain these allegations to be untrue and I deny the allegations as alleged towards me. I had a brief telephone conversation with the client on December 8, 2018 where he advised that another company was courting him but he could not discuss at that time as other people were around and he was on his way to his vacation. After this call, I responded back to the client, to follow up on the conversation and advised him to let me know what I could do to help him. I received no other written instructions from the client for the remainder of 2018. A few days before the end of 2018, sell orders were entered for the client utilizing a tax harvesting strategy that has been used previously in conjunction with the client agreement that was in place and based on agreements the client had agreed to over the last several years. This strategy benefited the client by offsetting gains with losses to avoid adverse tax consequences. I was traveling when these trades were placed by another advisor on my team based on the stated client agreement in place. In January 2019, client submitted transfer instruction and those instructions were acted upon in a timely manner. Client in April 2019 verbally alleged that the trades made for the tax harvesting strategy at the end of 2018 should not have been executed because of verbal instructions he expressed in a prior conversation: That conversation never occurred and the client never gave those instructions. Despite this case settling, I deny any wrongdoing or associated liability on my part whatsoever. This case was settled by UBS as a business decision to avoid the uncertainties and the costs associated with the arbitration forum. Furthermore, I was not asked to contribute financially towards the settlement of this matter.

See also  Garrett Ashmore Audit (2023) – A Scam or Legit Broker?


DISCLOSURE 2 – 

  • Event Date: 11/6/2014
  • Disclosure Type: Customer Dispute
  • Disclosure Resolution: Denied
  • Disclosure Detail :: Allegations: THE CUSTOMERS ALLEGE AN UNSUITABLE INVESTMENT RECOMMENDATION REGARDING A VARIABLE UNIVERSAL LIFE INSURANCE POLICY ISSUED IN AUGUST 1994.
  • Arbitration Docket Number:
  • Broker Comment: THE LIFE INSURANCE TRANSACTION WAS PART OF THE CLIENT’S ESTATE PLAN AND WAS RECEIVED BY THE CLIENT’S ATTORNEY, THE MERRILL LYNCH INSURANCE REPRESENTATIVE AND WAS SUITABLE FOR THE CLIENT.

DISCLOSURE 3 – 

  • Event Date: 1/8/2009
  • Disclosure Type: Customer Dispute
  • Disclosure Resolution: Denied
  • Disclosure Detail :: Allegations: TIME FRAME: 2006 THRU 2008 CLIENT ALLEGES THAT THE NUMBER OF EQUITY POSITIONS IN HER ACCOUNT WAS NOT APPROPRIATE FOR HER AGE. CLIENT FURTHER ALLEGES THAT SHE INSTRUCTED THE FA 3 TIMES TO SELL ALL FINANCIAL SECTOR STOCKS. RESULTING IN LOSS BY THE TIME THE TRADES SETTLED.
  • Damage Amount Requested: $22,186.00
  • Arbitration Docket Number:

DISCLOSURE 4 – 

  • Event Date: 6/20/2002
  • Disclosure Type: Customer Dispute
  • Disclosure Resolution: Settled
  • Disclosure Detail :: Allegations: CUSTOMER ALLEGES HER FINANCIAL ADVISOR RECOMMENDED SHE INVEST IN MUTUAL FUNDS THAT WERE NOT SUITABLE. DAMAGES NOT SPECIFIED.
  • Settlement Amount: $30,000.00
  • Arbitration Docket Number:
  • Broker Comment: THIS COMPLAINT WAS INITIATED BY THE CLIENT AFTER I LEFT THE EMPLOYMENT OF MERRILL LYNCH. THE CLIENT’S ACCOUNT WAS INVESTED IN SECURITIES THAT WERE CONSISTENT WITH THE CLIENT OBJECTIVES AND INVESTMENT STRATEGY AS WELL AS OTHER INVESTMENTS. THIS CASE WAS SETTLED STRICTLY TO AVOID THE COSTS AND UNCERTAINTIES OF LITIGATION AND I WAS NOT ASKED TO CONTRIBUTE ANY MONIES TOWARD THE SETTLEMENT.

See also  Thomas Scott Calvert Audit (2023) – A Scam or Legit Broker?


DISCLOSURE 5 – 

  • Event Date: 2/5/1999
  • Disclosure Type: Customer Dispute
  • Disclosure Resolution: Settled
  • Disclosure Detail :: Allegations: ALLEGED MISMANAGEMENT OF ACCOUNT RELATING TO SHORT AGAINST THE BOX TRANSACTIONS IN 1995 AND UNAUTHORIZED TRADES IN 1997.
  • Damage Amount Requested: $195,000.00
  • Settlement Amount: $120,000.00
  • Arbitration Docket Number:
  • Broker Comment: THIS CASE SETTLED IN AN EFFORT TO AVOID THE COST OF PROTRACTED LITIGATION. CLIENTS MAIN AGRUMENT DELT WITH UNEXPECTED TAX BURDEN DUE TO CHANGE IN TAX 2 YEARS AFTER TRADE MADE-SETTLEMENT WAS EQUAL TO THE AFTER TAX CODT 1/2 OF THE CLIENT’S TAX BURDEN.

DISCLOSURE 6 – 

  • Event Date: 3/7/1997
  • Disclosure Type: Customer Dispute
  • Disclosure Resolution: Settled
  • Disclosure Detail :: Allegations: THE CUSTOMER ALLEGED DELAYS IN THE TRANSFER OF FUNDS, IMPROPER SERVICE CHARGES AND SUITABILITY PROBLEMS. THE CUSTOMER ALLEGED DAMAGES OF $38,075.89.
  • Damage Amount Requested: $38,075.69
  • Settlement Amount: $10,000.00
  • Arbitration Claim Filed Detail: 96-02013
  • Arbitration Docket Number:
  • Broker Comment: MERRILL LYNCH SETTLED THE CASE IN THE AMOUNT OF $10,000.00 TO AVOID THE TIME AND EXPENSE OF LITIGATION. NOT PROVIDED

See also  Andrew Jose Batiz Audit (2023) – A Scam or Legit Broker?


According to a study prepared for the FINRA Investor Education Foundation, 80 percent of American investors report that they have been solicited to participate in a fraud scheme, while 11 percent of American investors report that they personally lost money as a result of fraud.

FINRA notes that the rate of investment fraud is most likely much higher than it is reported. This is because many victims of financial advisor scams are too ashamed to come forward. Further, the study also found that a significant number of investors do not know how to spot common red flags of investment fraud. The least you should do is share your experience with other potential victims of investment scams.

Previous Associations

Under federal securities law and securities industry regulations, registered investment firms have a legal duty to supervise their financial advisors. Section 15(b)(4)(E) of the Securities and Exchange Act of 1934 makes a securities firm liable for the conduct of representatives.

  • UBS FINANCIAL SERVICES INC. (CRD#: 8174) :: 5/4/2001 – 7/27/2021 :: TULSA, OK
  • MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED (CRD#: 7691) :: 10/16/1989 – 5/18/2001 :: NEW YORK, NY
  • SHEARSON LEHMAN HUTTON INC. (CRD#: 7506) :: 11/20/1985 – 11/6/1989 :: NEW YORK, NY

The duty to supervise securities representatives is a strong legal requirement. Registered investment firms must take many different steps to ensure that they are protecting their customers from irresponsible and criminal financial advisors.

Legit or Not?

Unfortunately, stockbroker fraud is more common than many investors would like to think. And yes, stockbrokers (including Anthony Scott Jezek, but not limited to)  can (and do) steal money from their clients. While it’s rare that a broker will literally steal his client’s money (though that does happen), typically the “theft” of investment funds comes in the form of other fraudulent violations of securities law and FINRA rules which leads to significant investment losses.

See also  Erik Daniel Averill Audit (2023) – A Scam or Legit Broker?

Sometimes investment losses occur because advisors, stockbrokers, and even brokerage firms, commit fraud. Massimo Vignelli

Investors generally understand that there are risks associated with buying and selling securities. The market can go up, and the market can go down. No matter how skilled of an investor you are, there are always risks. With that being said, sometimes investment losses cannot be blamed on simple back luck.

There are 10 major types of complaints we receive against Investment Brokers –

  • Outright Theft (Conversion of Funds)
  • Unauthorized Trading
  • Misrepresentation or Omission of Material Facts
  • Excessive Trading (Churning)
  • Lack of Diversification
  • Unsuitable Investment Recommendations
  • Failure to Disclose a Personal Conflict of Interest
  • Front Running of Transactions
  • Breakpoint Sale Violations
  • Negligent Portfolio Management

Do your due diligence before investing. Public records are available for everybody to review and decide on the safest bet. 

How to Protect Yourself

We, as citizens, place a great deal of trust in the financial advisors who are tasked with helping us achieve and maintain financial security. Most of the time financial advisors and stockbrokers are honest folks who work diligently in their client’s best interests. However, on occasion financial advisors and the brokerage firms who employ them mess up and cause serious financial harm to their clients. Sometimes these losses are caused by simple negligence. Other times fraud or other serious misconduct is to blame.

Anthony Scott Jezek

Here are 5 signs that your broker needs to be reported –

  • Breach of Fiduciary Duty: Under the Investment Advisers Act of 1940, certain investment professionals, known as registered investment advisors (RIAs), owe fiduciary obligations to their customers. Your investment broker must always look out for your best interests. If you lost money because of your broker’s breach of fiduciary duty, you may be entitled to compensation for the full value of your damages.
  • Unsuitable Investments: Many financial advisors are not fiduciaries. Instead, they are held to the suitability standard. These stockbrokers and financial advisors can only sell and recommend financial products that are appropriate for a customer’s unique investment profile. If you lost money in unsuitable investments, you should consider reporting them.
  • Material Misrepresentations or Omissions: Brokers have a duty to make fair and honest representations to their clients. If they fail to do so, and an investor loses money due to a misrepresentation or a material omission, the broker may be liable for the investor’s losses.
  • Lack of Diversification: Brokers must also act with the appropriate level of professional skill. Pushing a customer into over-concentrated investments is highly risky. Brokers can be held liable for losses sustained because of an investor’s inappropriate lack of diversification.
  • Excessive Trading (Churning): Stockbrokers and financial advisors must have a well-grounded, reasonable basis to execute all trades. Unfortunately, there are cases in which brokers will frequently trade on a customer’s account, simply to increase their own fees. This unlawful practice is known as churning.
  • Unauthorized Trading: Brokers must have the proper legal authority to make transactions on behalf of a client. If you lost money because your broker made trades that you never approved of, you may have been the victim of unauthorized trading. You should consult with an experienced attorney.

See also  Ronald Roy Reid Audit (2023) – A Scam or Legit Broker?

Report Anthony Jezek

In order to prevail in an investment fraud lawsuit or FINRA arbitration cases, you must be able to assert a viable ‘cause of action’.

Anthony Scott Jezek – and the firm that employs this broker – is regulated by the Financial Industry Regulatory Authority (FINRA). FINRA provides an online form to allow investors to file a formal complaint against their financial advisor, stockbroker, or brokerage firm.

Click here to go to FINRA’s Online Complaint Form →

This form will ask you for specific information related to your complaint. Be prepared by gathering the following:

  • Name and symbol for the investment product in question.
  • The CRD number (1425736) for the broker – Anthony Scott Jezek
  • Your complete contact information.

Remember, it is advised to report your broker to FINRA, only after you have exhausted all of your other remedies and carefully prepared a compelling complaint.  Once you file a complaint against your broker at FINRA, your case will be bound by FINRA’s rules and the arbitration panel’s eventual decision. The time clock will start, and your complaint will be served on your broker or broker-dealer.

 


 

The views and opinions expressed in these articles are those of the source BROKERCOMPLAINTS.COM and do not necessarily reflect the official position of ‘FraudHalt.com’, which shall not be held liable for any inaccuracies presented. The information provided within this article is for general informational purposes only. While we try to keep the information up-to-date and correct, there are no representations or warranties, express or implied, about the completeness, accuracy, reliability, suitability or availability of the information in this article for any purpose.

This article is syndicated automatically through a third-party agency from BROKERCOMPLAINTS.COM.

To view the original article at BROKERCOMPLAINTS.COM, you can visit https://brokercomplaints.com/report/anthony-scott-jezek/.

 

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