Jon Richard Pariser of Pacific Grove, California, a stockbroker formerly registered with Independent Financial Group LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim which was resolved for $103,004.30 in damages supported by accusations that the customer had been persuaded by Pariser to invest their funds into an unregistered investment. Financial Industry Regulatory Authority (FINRA) Arbitration No. 20-01825 (December 29, 2021). According to the claim, the customer had been defrauded on a promissory note investment.
FINRA Public Disclosure shows that Pariser has been identified in nine more customer initiated investment related disputes containing allegations of his activities while he was employed by securities broker dealers, including Linsco/Private Ledger Corp and Independent Financial Group. On July 1, 2019, a customer initiated investment related FINRA securities arbitration claim concerning Pariser’s activities was settled for $65,000.00 based upon accusations that the customer was referred by Pariser to an unlicensed individual that told them to sell their annuities and purchase notes, resulting in damages to the customer. FINRA Arbitration No. 18-02753.
Another customer initiated investment related FINRA securities arbitration claim involving Pariser’s conduct was resolved for $700,000.00 in damages founded on allegations that the customer experienced losses by investing with individuals unaffiliated with Independent Financial Group, to which Pariser referred. FINRA Arbitration No. 18-03885 (November 19, 2019). According to the claim, the customer’s assets were removed from the securities broker dealer and placed into promissory notes. The claim alleges that Independent Financial Group failed to supervise Pariser’s activities.
Pariser is also referenced in a customer initiated investment related FINRA securities arbitration claim which was settled for $540,000.00 in damages supported by accusations of the customer experiencing losses on promissory notes purchased through an individual that Pariser sold his business to. FINRA Arbitration No. 19-01079 (May 13, 2020).
Another customer initiated investment related FINRA securities arbitration claim regarding Pariser’s activities was resolved for $66,743.87 in damages based upon allegations of fraud relating to promissory notes investments when Pariser was employed by Independent Financial Group. FINRA Arbitration No. 20-01239.
Pariser is also identified in a customer initiated investment related FINRA securities arbitration claim which was settled for $815,049.64 in damages founded on accusations of the customers being referred to individuals by Pariser for the purchase of promissory notes. FINRA Arbitration No. 20-01799 (December 29, 2021). The claim alleges that the individuals scammed and defrauded the customer.
FINRA Public Disclosure shows that in October 2018 Pariser was barred from associating with any FINRA member in any capacity, supported by findings that he failed to comply with FINRA’s investigators concerning allegations of his referrals of customers to individuals that made unsuitable recommendations to customers. Letter of Acceptance, Waiver, and Consent No. 2018058207401 (October 4, 2018). Pariser violated FINRA Rules 2010 and 8210.
Pariser was associated with Independent Financial Group between July 3, 2014, and May 24, 2018.
