Were you the victim of former LPL Financial LLC broker David Jerke (CRD# 5129935)? He was registered with LPL Financial LLC in Tacoma, Washington, from 2021 to 2024, when he was terminated regarding, “Solicited loan from customer without notice to and approval from Firm.” He was registered with Securities America, Inc. in Tacoma, Washington, from 2020 to 2021, and KMS Financial Services, Inc. in Tacoma, Washington, from 2014 to 2020.
In March 2025, FINRA barred him after he “consented to the sanction and to the entry of findings that he refused to provide documents and information as requested by FINRA in connection to its investigation of allegations made by his member firm on a Form U5 filling. The findings stated that Jerke was terminated from his firm because he had solicitated a loan from a customer without notice to and approval from his firm.”
David Jerke Customer Complaints
He has been the subject of one customer complaint, according to his CRD report:
March 2025. “POA for client was approached by FA Jerke for an “investment opportunity” that could be lucrative, however he was in need of $200k. POA agreed to lend the funds to FA Jerke and he processed a transfer from client’s LPL account to his personal bank account. Funds were lost to a scammer/fraudster. LPL settled with client/POA to make the client whole.” The case was settled for $200,000.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, LPL Financial LLC may be liable for investment or other losses suffered by David Jerke’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
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