Aaron T. Jasper, of Camarillo, California, a stockbroker registered with Mutual Securities Inc., was the subject of a customer initiated investment related civil action that was settled for $512,587.63 in damages based upon alleged violations of Financial Industry Regulatory Authority (FINRA) rules, and the state and federal securities laws, and that Jasper allegedly made certain omissions of material fact, misrepresentations of material fact, was negligence, breached his fiduciary duty in connection with the sale of over-the-counter equities during the period that Jasper was associated with Mutual Securities Inc. Civil Action No. 20-cv-3653 (United States District Court for the District of Colorado)(December 6, 2023).
FINRA Public Disclosure shows that Jasper was also referenced in a customer initiated investment related civil action that was also settled for $259,149.24 in damages based upon alleged breach of fiduciary duty, breach of contract, negligence, omissions of material fact, misrepresentations of material fact, and violation of FINRA rules as well as federal and state laws in connection with the sale of over-the-counter equities during the time that Jasper was associated with Mutual Securities Inc. Civil Action No. 20-cv-02928-MEH (December 6, 2023).
Mutual Securities was successful in having these claims dismissed by FINRA based upon eligibility under Rule 12206. See, e.g. Janice Alzado-Lotz v. Mutual Securities, Inc., FINRA Arbitration No. 19-02076. However, in response, Claimants filed an action in the United States District Court for the District of Colorado).
Jasper has been associated with Mutual Securities Inc. in Camarillo, California, as a stockbroker since January 5, 2015, and associated with Mutual Advisors LLC in Camarillo, California, as an investment advisor representative since April 30, 2015.
