Advisor Alert: Our Attorneys Are Investigating Jason Ryan Jaynes For Investment Fraud
Did You Lose Money Because of Jason Jaynes?
Filed: February 9, 2024
Jason Jaynes has been the subject of two (2) customer complaints. As an investor, you may be entitled to compensation for losses accrued due to mismanagement of your investments.
Let’s begin our Patil Law Advisor Alert with a summary report on Jason Ryan Jaynes.
Who Is Jason Ryan Jaynes of Wells Fargo Clearing Services, LLC?
- Advisor Name: Jason Ryan Jaynes
- Aliases: Jason Jaynes
- CRD: 5555100
- Location: Frisco, Texas
- Current Employer: Wells Fargo Clearing Services, LLC
- Previous Firms: Merrill Lynch, Pierce, Fenner & Smith Incorporated and Morgan Stanley Smith Barney
- Number of Known Customer Complaints: 2
- Can Jason Jaynes Be Sued: Yes, in Private Arbitration
- Can Jason Jaynes’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $18,000,000
- Highest Settlement: $2,850,000
If you have suffered investment losses by Jason Jaynes, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining a stockbroker fraud lawyer. Reach out to the legal team at Patil Law, P.C. via the secure online form or call the firm directly toll-free at 1-800-950-6553.
Customer Complaints Filed Against Jason Jaynes For Broker Misconduct
As of this publication date, Jason Jaynes has been the subject of 2 customer disputes. Let’s review them below.
In January 2021, a FINRA arbitration was filed against or in reference to Jason Jaynes by multiple customers of Merrill Lynch, Pierce, Fenner & Smith Incorporated alleging unsuitable investment recommendations and misrepresentations from February 2013 until December 2019. Per the customers, they lost over $18,000,000 because of Mr. Jaynes’s actions. On October 24, 2022, Mr. Jaynes settled the claim for $2,850,000, and some or all of this amount may have been paid by Mr. Jaynes’s employer and/or insurance carrier.
In August 2020, a FINRA arbitration was filed against or in reference to Jason Jaynes by multiple customers of Wells Fargo Clearing Services, LLC alleging that Mr. Jaynes made unsuitable recommendations and neglected to reduce the over-concentrated and over-leveraged nature of their accounts. On April 18, 2022, Mr. Jaynes settled the claim for $2,000,000, and some or all of this amount may have been paid by Mr. Jaynes’s employer and/or insurance carrier.
How To File A Claim Against Jason Jaynes of Wells Fargo Clearing Services, LLC (previously with Merrill Lynch, Pierce, Fenner & Smith Incorporated and Morgan Stanley Smith Barney) To Get Your Money Back
If you have questions about Jason Jaynes, Wells Fargo Clearing Services, LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Morgan Stanley Smith Barney, or the management or performance of your accounts, please contact Attorney Patil for a free initial consultation via email or toll-free at 1-800-950-6553.