investment arbitration

Kurt Charles Jackson, of San Luis Obispo, California, a stockbroker formerly associated NFP Advisor Services LLC (also known as Kestra Investment Services LLC), was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA)  securities arbitration claim that was settled for $375,000.00 in damages based upon allegations that Jackson made unsuitable recommendations and misrepresented material facts in connection with the sale of oil and gas investments. The claim also alleged that Kestra Investment Services failed to properly supervise certain representatives. FINRA Arbitration No. 22-02180 (October 23, 2023).

This is not the first time that Jackson has been referenced in a customer initiated investment related dispute concerning Jackson’s conduct in the securities industry. FINRA Public Disclosure shows that Jackson was named in a customer initiated investment related FINRA securities arbitration claim in which the customer was awarded $48,430.00 in compensatory damages because Jackson and Merrill Lynch Pierce Fenner Smith Inc. were held jointly liable for sales practice violations. FINRA Arbitration No. 03-01513 (October 21, 2004). The Statement of Claim alleged breach of contract, negligence, breach of fiduciary duty, and unsuitable recommendations in mutual funds, common stocks, and options when Jackson was associated with Merrill Lynch Pierce Fenner Smith Inc.

Jackson has been associated with Commonwealth Financial Network in San Luis Obispo, California, since October 22, 2015.