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Three years after the Financial Industry Regulatory Authority (FINRA) barred him, Jonathan Douglas Freeze remains the subject of eight pending customer disputes. Most of these investor claims accuse him of selling away and investing customers’ funds in Alternative Investment Holdings, a North Carolina real estate and investment holdings company, without Fortune Financial Services’ authorization.
Freeze worked 21 years in the industry. He also previously was a broker for Summit Brokerage Services, LPL Financial (LPLA), Lincoln Financial Advisors, and The Lincoln National Life Insurance Company.
Jonathan Freeze is also a former registered investment advisor. In 2013, Stratos Wealth Partners, an investment advisory firm that works in conjunction with LPL Financial, fired him for violating one of its policies by accepting a loan from a customer.
Our alternative investment fraud lawyers at Shepherd Smith Edwards and Kantas (SSEK Law Firm) are speaking with former customers of ex- broker, Jonathan Freeze, who suffered significant financial losses related to investment recommendations and trades he made for them. We can help you explore your legal options.
Below, are the various disclosures on Jonathan Freeze’s record. According to his BrokerCheck record, he has a total of 23 disclosures against him beginning in 2010 with the most recent occurring in June 2019.
FINRA barred Freeze in 2015 after the former broker and investment advisor refused to provide documents and other key information during the self-regulatory organization (SRO’s) probe into allegations that he had borrowed $20K from a customer, who was his friend, without getting the firm’s approval.
The other financial disclosures on Freeze’s BrokerCheck record are related to his divorce.
Brokers are only supposed to recommend and sell investments that have been approved by their firm. Unfortunately, selling away does happen, with registered representatives selling unregistered securities and other unapproved investments that haven’t been vetted by the broker-dealer. This increases the risk of exposure to fraud and/or investment losses.
Brokerage firms have a duty to purposely supervise their brokers. They can be held liable for losses related to selling away.
Alternative investments typically are financial assets that fall outside the more traditional asset classes. The majority of these investments are held by high net worth individual investors and institutional investors. This type of investment tends to be complex, risky, and unregulated. They are usually not suitable for retail investors, inexperienced investors, retirees, and older investors.
Contact SSEK Law Firm to request your free, no-obligation case consultation today and we can help you discover your legal options.