Crown Capital Securities, L.P. broker Richard Jackman (CRD# 2501641) faces a customer complaint related to unsuitable investment recommendations. He has been registered with Crown Capital Securities, L.P. in Orange, California, since 2014, and with Secura Financial in Orange, California, since 2007. Previously, he was registered with J.W. Cole Financial, Inc. in Orange, California, from 2013 to 2014, with Financial Advisers Of America, LLC in Orange, California, from 2012 to 2013, and with LPL Financial LLC in Orange, California, from 1994 to 2012.
Richard Jackman Customer Complaints
He has been the subject of two customer complaints between 2020 and 2022, according to his CRD report:
August 2022. “The customer alleges unsuitable investment strategy, omission of material information, providing false and misleading information, failure to supervise and failure to conduct proper due diligence on investments recommended.” The customer is seeking $400,000 in damages, and the case is currently pending. The complaint was regarding direct investments and non-traded real estate investment trusts (REITs), and it took place while he was registered with Crown Capital Securities, L.P.
February 2020. “Claimant alleges claims, including suitability, for investments made in illiquid products.” The customer sought $4,000,000 in damages, and the case was settled for $300,000. The complaint was related to private placement investment losses, and it took place while he was registered with LPL Financial LLC, J.W. Cole Financial, Inc., and Crown Capital
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, Crown Capital Securities, L.P. may be liable for investment or other losses suffered by Richard Jackman’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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