June 6, 2023 – An AWC was issued in which Jacobson was assessed a deferred fine of $5,000, suspended from association with any FINRA member in all capacities for three months and ordered to pay deferred disgorgement of commissions received in the amount of $7,887, plus interest. Without admitting or denying the findings, Jacobson consented to the sanctions and to the entry of findings that he executed trades with a total principal value of approximately $1.1 million in his customers’ non-discretionary brokerage accounts without the customers’ authorization or consent for the trades. The findings stated that Jacobson received $7,887 in total commissions for the trades.
The suspension is in effect from June 20, 2023, through September 19, 2023. (FINRA Case #2021071954502)
Matthew Schwartz
Matthew Schwartz represents clients harmed by lawyers, accountants, insurance professionals, real estate agents, brokers, financial advisors, and other trusted professionals. He handles Florida litigation and nationwide FINRA arbitration. He has been recognized in The Best Lawyers in America® and named to the Best Law Firms® list.
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