Gregory Alan Jacobson, of Red Bank, New Jersey, a stockbroker associated with Ameriprise Financial Services LLC, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $4,000.00 in damages based upon allegations that Jacobson made an unsuitable investment recommendation to the customer. FINRA Arbitration No. 20-03606 (June 1, 2022).
This is not the first time that Jacobson has been referenced in a customer initiated investment related dispute concerning Jacobson’s conduct in the securities industry. FINRA Public Disclosure shows that Jacobson was also referenced in a customer initiated investment related complaint filed on October 22, 2020, in which the customer requested $5,000.00 in damages based upon allegations that Jacobson misrepresented the provisions of real estate investment trusts and variable life insurance products between 2010 and 2017 during the time that Jacobson was associated with Ameriprise Financial Services LLC. The complaint was denied on November 13, 2020.
Jacobson has been associated with Commonwealth Financial Network in Red Bank, New Jersey since July 28, 2023. Prior to this, he was associated with B. Riley Wealth Management in Red Bank, New Jersey from July 22, 2022, to July 31, 2023; National Securities Corporation in Red Bank, New Jersey from July 9, 2018, to July 22, 2022; and Ameriprise Financial Services in Red Bank, New Jersey from May 1, 2000, to July 10, 2018.