Broker Jason Lyn Figueroa (CRD #5062799) was formerly registered with The
GMS Group, LLC in Boca Raton, Florida from April 2008 to April 2015. During
his association with the firm, he was accused of broker misconduct and
is currently prohibited from serving as a broker.
According to the FINRA report provided by the Financing Industry Regulatory
Authority (FINRA), Jason Figueroa has had nine customer disputes against
him, with seven settled, one closed, and one pending. He has a single
regulatory event and a criminal event listed as part of his stockbroker history.
In his seven closed disputes, a variety of allegations were brought forth
against Figueroa and the damages alleged and settlement amounts ranged
from thousands to tens of thousands of dollars. A summary of these disputes
are as follows:
Allegations: Intentional broker misconduct, fraudulent sales practices, unauthorized
and unsuitable investments, unauthorized trades, exploitation, deception,
breach of fiduciary duty, misrepresentation, negligence, breach of contract,
negligent supervision, breach of fiduciary duty and fraud.
Damages Alleged: $1,385,000 total, ranging from $20,000 to $400,000.
Settlement Amounts: $519,000 total, ranging from $5,000 to $150,000 per dispute.
What is Investment Fraud? What is Breach of Fiduciary Duty?
Investment fraud refers to any deceptive acts or schemes engaged in by
Breach of fiduciary duty refers to a person (fiduciary) who has a legal
and ethical relationship based on trust with another party. In many cases,
stockbrokers have a duty to his investors who rely on him/her for sound
advice and keeping their best interest at heart. For stockbrokers who
breach this duty, they can cause investors to suffer financial loss, and
they can be held responsible for their misconduct by becoming barred or
facing criminal action such as imprisonment.
The attorneys at Meyer Wilson focus on stockbroker misconduct and are committed
to helping individuals who were targets of such misconduct recover funds
lost due to inappropriate behavior on behalf of the broker. They are committed
to holding stockbrokers accountable for their actions and upholding justice
and are currently in the process of investigating the allegations against
If you are an investor who has lost money from investments that may have
been improper, the attorneys at Meyer Wilson are interested in helping
you determine if you have been a victim of potential fraud, negligence
or other stockbroker misconduct. The attorneys at Meyer Wilson can answer
any questions you may have during a
no-cost, no-obligation consultation to discuss your case.