Did you lose money investing with former Fortune Financial Services, Inc. broker Jonathan Freeze (CRD# 2642023)? Freeze was registered with Fortune Financial Services, Inc. in Canonsburg, Pennsylvania from 2015 to 2017. Previously, Freeze was registered with Summit Brokerage Services, Inc. in Fredericksburg, Virginia from 2013 to 2015 and with LPL Financial LLC in Fredericksburg, Virginia from 2009 to 2013, when he was terminated regarding, “Accepted loan from customer in violation of firm policy.” In July 2013, Freeze was terminated from Stratos Wealth Partners, Ltd. following allegations that he, “accepted a loan from a customer in violation of firm policy.”
In August 2017, FINRA barred Freeze after he, “consented to the sanction and to the entry of findings that he refused to provide the documents and information in connection with an ongoing investigation relating to his recommendation of variable annuities.”
In October 2015, FINRA sanctioned Freeze to a $5,000 civil and administrative penalty and fine and he was suspended for 10 business days after he, “consented to the sanctions and to the entry of findings that he borrowed $20,000 from his member firm’s customer with whom he had a personal relationship, nevertheless he failed to provide the firm with prior notice of the loan and failed to obtain prior written pre-approval for the loan from the firm. Later, Freeze fully repaid the customer, including interest.”
Freeze has been the subject of nine customer complaints between 2017 and 2019, one of which was closed without action, according to his CRD report:
- June 2019. “Between July and October 2016 Freeze facilitated the authorized liquidation of $175k from clients account to purchase promissory notes.” The customer is seeking $175,000 in damages and the case is currently pending. The complaint took place while Freeze was registered with Fortune Financial Services, Inc. and was regarding promissory notes.
- March 2019. “Selling away. Mr. Freeze requested and received funds to be invested in Alternative Energy Holdings, possibly a Reg D investment outside the scope of a limited purpose broker dealer.” The customer is seeking $84,000 in damages and the case is currently pending. The complaint took place while Freeze was registered with Fortune Financial Services, Inc. and was regarding direct investments.
- March 2019. “Selling away. Mr. Freeze requested and received funds to be invested in Alternative Energy Holdings, possibly a Reg D investment outside the scope of a limited purpose broker dealer.” The customer is seeking $330,000 in damages and the case is currently pending. The complaint took place while Freeze was registered with Fortune Financial Services, Inc. and was regarding direct investments.
- February 2019. “Selling away. Mr. Freeze requested and received $60104 to be invested in Alternative Energy Holdings, possibly a Reg D investment outside the scope of a limited purpose broker dealer.” The customer is seeking $118,500 in damages and the case is currently pending. The complaint took place while Freeze was registered with Fortune Financial Services, Inc. and was regarding direct investments.
- February 2019. “Mr. Freeze received $50,000 to be invested in Alternative Energy Holdings, possibly a Reg D investment outside the scope of a limited purpose broker dealer.” The customer is seeking $75,000 in damages and the case is currently pending. The complaint took place while Freeze was registered with Fortune Financial Services, Inc. and was regarding direct investments.
- February 2019. “Selling away. Mr. Freeze requested and received $300,000 to be invested in Alternative Energy Holdings, possibly a Reg D investment outside the scope of a limited purpose broker dealer.” The customer is seeking $370,000 in damages and the case is currently pending. The complaint took place while Freeze was registered with Fortune Financial Services, Inc. and was regarding direct investments.
- February 2019. “Selling away. Mr. Freeze received $54,000 to be invested in Alternative Energy Holdings, possibly a Reg D investment outside the scope of a limited purpose broker dealer.” The customer is seeking $90,000 in damages and the case is currently pending. The complaint took place while Freeze was registered with Fortune Financial Services, Inc. and was regarding direct investments.
- October 2017. “Selling away. Mr. Freeze requested and received $30,000 to be invested in Alternative Energy Holdings, possibly a Reg D investment outside the scope of a limited purpose broker dealer.” The customer is seeking $30,000 in damages and the case is currently pending. The complaint took place while Freeze was registered with Fortune Financial Services, Inc. and was regarding direct investments.
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, Fortune Financial Services, Inc. may be liable for investment or other losses suffered by Freeze’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If and 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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