Cetera Advisor Networks broker Jaret Mutter has been the subject of seven different customer complaints. According to his BrokerCheck report, many of the complaints allege that he participated in the misrepresentation and unsuitable recommendation of unit investment trusts, or "UITs".
In April, the Virginia State Corporation Commission initiated a regulatory action against Mutter, ending with requiring him to be placed under special supervision for a year. This supervision requires all of his transactions and investment advice to be pre-approved by the firm, requires the firm to conduct three unannounced inspections of his office, review all correspondence, all complaints against him must be reported, all bonuses be reported, requires him to sign an affidavit of compliance, and removes him from certain supervisory duties.
In 2016, a FINRA arbitrator awarded a customer damages who alleged that Mutter committed certain sales practice violations in their dealings. Mutter's former brokerage firm, Suntrust Investment Services, Inc. settled an additional four customer complaints related to Mutter's conduct.
Mutter was first registered as a broker in 2005 and has worked for Cetera Advisor Networks since 2014. Prior to his position with Cetera Advisor Networks, he was registered with Investment Centers of America, SunTrust Investment Services, Jefferson Pilot Securities Corporation, and UBS Financial Services.
Do You Have a Complaint Regarding Jaret Mutter?
When brokers misrepresent investment products or recommend unsuitable investments, they and their firm may be able to be held liable for the financial damages caused by their misconduct. If you lost money investing with Jaret Mutter, Meyer Wilson may be able to help. Our investment fraud attorneys help clients across the nation recover financial losses that are caused by the misconduct of brokers and their firms. Call our office today at (800) 738-1960 to discuss your situation with a member of our firm.