(CRD #4258319, Laguna Niguel, California)

November 10, 2025 – An AWC was issued in which Jacob Lee Harper was assessed a deferred fine of $17,500 and suspended from association with any FINRA member in all capacities for 22 months. Without admitting or denying the findings, Harper consented to the sanctions and to the entry of findings that he borrowed $50,000 from two customers, who were also friends, without seeking or obtaining prior written approval from his member firm. The findings stated that that the customers were neither a member of his immediate family nor a lending related financial institution. The loans, which were obtained in part to support Harper’s OBA, were not documented in writing and had no specified duration, repayment schedule, or interest rate. Harper has returned $3,000 to one customer but to date, Harper has not made any other principal or interest payments to the customers. After obtaining the loans from the customers, Harper completed a firm compliance certification that falsely stated that he did not have a borrowing or lending arrangement with a customer who was not a member of his immediate family or a financial institution in the business of financing. The findings also stated that Harper initially provided false, misleading, and incomplete responses to FINRA’s request for information about the loans. Initially, Harper submitted a written response to a FINRA request falsely stating that the first customer had paid him for a vehicle that Harper had sold to him and omitted any reference to the money he borrowed from the other customer. In response to a subsequent request, Harper submitted another written response containing multiple false statements relating to the claimed vehicle transaction about events and discussions that never occurred. Ultimately, Harper submitted a written response to FINRA admitting that no vehicle transaction had occurred with that customer and that the money received was a loan. Harper also disclosed for the first time the loan he received from the second customer. The findings also included that Harper established three outside securities accounts in which he had control without obtaining prior written consent from his firms. Harper partially funded the accounts held in his fiancée’s name at another member firm. Harper materially contributed to his fiancée’s financial support, including through the loans he obtained from the customers, which were obtained partly to provide financial support to their joint business. Harper placed over 1,000 trades in the accounts, including in two securities on his firm’s restricted list. Harper had a beneficial interest in the outside accounts, which he partially funded and used for personal financial transactions, including the $3,000 partial loan repayment to one of the customers. Harper completed a firm compliance certification that falsely stated that his list of outside securities accounts, which did not include the outside accounts, was complete and accurate. When Harper left his firm and joined another firm, he failed to disclose the accounts or obtain the firm’s written consent within 30 days and completed another compliance questionnaire in which he falsely stated that there were no outside securities accounts in which he had a beneficial interest. Harper belatedly disclosed the accounts to the new firm. The suspension is in effect from December 1, 2025, through September 30, 2027. (FINRA Case #2025085030301) If you have suffered losses as a result of Jeremiah Edward Householder's act and/or actions, we would like to hear from you. We are currently investigating claims on behalf of clients who have suffered significant losses in their portfolios that are managed by Jeremiah Edward Householder. The Schwartz Law Firm represents investors in claims against financial advisors and their firms. If you have questions about your potential claim or need assistance from an investment fraud lawyer, please contact us at  (813) 226-3372 or email Matthew Schwartz directly at mschwartz@tslfirm.com.