Jason Ryan Jaynes of Frisco, Texas, a stockbroker registered with Merrill Lynch Pierce Fenner Smith Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $2,850,000.00 in damages based upon allegations that Jaynes made misrepresentations of material fact and made unsuitable recommendations of commodities when Jaynes was associated with Merrill Lynch Pierce Fenner Smith Inc. Financial Industry Regulatory Authority (FINRA) Arbitration No. 21-00172 (October 24, 2022).
This is not the first time that Jaynes has been referenced in a customer initiated investment related dispute concerning Jaynes’ conduct in the securities industry. FINRA Public Disclosure shows that Jaynes was also referenced in a customer initiated investment related FINRA securities arbitration claim that was settled for $2,000,000.00 in damages based upon allegations that Jaynes made unsuitable recommendations when Jaynes was associated with Wells Fargo Clearing Services LLC. FINRA Arbitration No. 20-02353 (April 18, 2022). According to the claim, the customer’s account was overconcentrated and overleveraged because of the stockbroker.
Jaynes was associated with Merrill Lynch Pierce Fenner Smith Inc. as a stockbroker and investment advisor representative from October 21, 2011, to December 11, 2019. He has been associated with Wells Fargo Clearing Services as a stockbroker and investment advisor representative since December 10, 2019.
