{"id":6731,"date":"2018-12-13T15:07:38","date_gmt":"2018-12-13T21:07:38","guid":{"rendered":"https:\/\/www.investorlawyers.com\/?p=6731"},"modified":"2018-12-13T15:07:38","modified_gmt":"2018-12-13T21:07:38","slug":"finra-suspends-ex-securities-america-broker","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/finra-suspends-ex-securities-america-broker\/","title":{"rendered":"FINRA Suspends Ex-Securities America Broker"},"content":{"rendered":"<p>\t\t\t\tThe <a href=\"http:\/\/www.finra.org\" target=\"_blank\" rel=\"noopener noreferrer\">Financial Industry Regulatory Authority (FINRA) <\/a>has suspended former Securities America broker Michael D. Jackson for six months following allegations that he traded options in one client\u2019s account without telling the brokerage firm. Securities America has since fired Jackson.<\/p>\n<p>According to the self-regulatory authority (SRO), in 2016, the ex-Securities America broker recommended that one customer set up an account at different firm to trade options. The customer followed his instructions. Over several months, Jackson allegedly:<\/p>\n<ul>\n<li>Put in orders for over 42 options transactions sets\u2014that\u2019s over 100 orders\u2014in the new account.<\/li>\n<\/ul>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.investorlawyers.com\/blog\/finra-suspends-ex-securities-america-broker\/\"  title=\"Continue Reading FINRA Suspends Ex-Securities America Broker\" class=\"more-link\">Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Financial Industry Regulatory Authority (FINRA) has suspended former Securities America broker Michael D. Jackson for six months following allegations that he traded options in one client\u2019s account without telling the brokerage firm. Securities America has since fired Jackson. According to the self-regulatory authority (SRO), in 2016, the ex-Securities America broker recommended that one customer [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":6734,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3773,3762,3739,3829,3836],"tags":[3229,3230,3231,3232,3233],"class_list":["post-6731","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-broker-fraud","category-current-investigations","category-finra","category-securities-america","category-wells-fargo","tag-danijel-velicki","tag-michael-d-jackson","tag-mml-investors","tag-steven-gotter","tag-wells-fargo-advisors"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>FINRA Suspends Ex-Securities America Broker &#8212; Investor Lawyers Blog &#8212; December 13, 2018<\/title>\n<meta name=\"description\" content=\"FINRA has suspended former Securities America broker Michael D. Jackson for six months following allegations that he traded options in one client\u2019s account without telling the brokerage firm. Securities America has since fired Jackson.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/finra-suspends-ex-securities-america-broker\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"FINRA Suspends Ex-Securities America Broker &#8212; Investor Lawyers Blog &#8212; December 13, 2018\" \/>\n<meta name=\"twitter:description\" content=\"FINRA has suspended former Securities America broker Michael D. Jackson for six months following allegations that he traded options in one client\u2019s account without telling the brokerage firm. Securities America has since fired Jackson.\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2018\/12\/12.13.18.jpeg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards &amp; Kantas, LLP\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"FINRA Suspends Ex-Securities America Broker &#8212; Investor Lawyers Blog &#8212; December 13, 2018","description":"FINRA has suspended former Securities America broker Michael D. Jackson for six months following allegations that he traded options in one client\u2019s account without telling the brokerage firm. Securities America has since fired Jackson.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.investorlawyers.com\/blog\/finra-suspends-ex-securities-america-broker\/","twitter_card":"summary_large_image","twitter_title":"FINRA Suspends Ex-Securities America Broker &#8212; Investor Lawyers Blog &#8212; December 13, 2018","twitter_description":"FINRA has suspended former Securities America broker Michael D. Jackson for six months following allegations that he traded options in one client\u2019s account without telling the brokerage firm. Securities America has since fired Jackson.","twitter_image":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2018\/12\/12.13.18.jpeg","twitter_misc":{"Written by":"Shepherd Smith Edwards &amp; Kantas, LLP","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.investorlawyers.com\/blog\/finra-suspends-ex-securities-america-broker\/#article","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/finra-suspends-ex-securities-america-broker\/"},"author":{"name":"Shepherd Smith Edwards &amp; Kantas, LLP","@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"headline":"FINRA Suspends Ex-Securities America Broker","datePublished":"2018-12-13T21:07:38+00:00","mainEntityOfPage":{"@id":"https:\/\/www.investorlawyers.com\/blog\/finra-suspends-ex-securities-america-broker\/"},"wordCount":409,"image":{"@id":"https:\/\/www.investorlawyers.com\/blog\/finra-suspends-ex-securities-america-broker\/#primaryimage"},"thumbnailUrl":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2018\/12\/12.13.18.jpeg","keywords":["Danijel Velicki","Michael D. 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