Jonathan Douglas Freeze (CRD#: 2642023) is currently the subject of eight customer disputes for investing customers’ funds in Alternative Investment Holdings without his employer’s express approval. The customers requested damages around $1.6 million for misconduct between 2017 through 2019. If you believe that you have suffered losses as a result of Mr. Freeze’s negligence or intentional wrongdoing, please contact Levin Law, P.A.for a free case evaluation to see if you qualify to bring a lawsuit, arbitration claim, or class action.
In 2015, Freeze was barred by FINRA after the former broker and investment advisor refused to produce documents to investigate allegations that he borrowed $20,000 from a customer without his employer’s approval. At the time, LPL Financial fired Freeze for violating the firm’s policies for accepting a loan from a customer. According to his BrokerCheck record, Freeze has 23 disclosures including the pending customer disputes after 21 years working as a broker for Summit Brokerage Services, LPL Financial (LPLA), Lincoln Financial Advisors, and The Lincoln National Life Insurance Company.
The claims against Freeze are that Freeze recommended and sold promissory notes to his customers without obtaining the approval of his employer. Broker-dealers are obligated to conduct a due diligence investigation for investments prior to recommending and selling them to their customers. When a financial advisor recommends a product that the firm has not conducted an adequate due diligence investigation on and has not approved, the firm may be liable for a customer’s losses from that recommended investment, even if the broker sold it without his employer’s express approval.
If your stockbroker, financial advisor, or investment professional recommends investments that were not expressly approved by his or her broker-dealer, the financial institution that he or she works for might be liable to you for resulting damages. Furthermore, brokerage firms are required to supervise their brokers and financial advisors under FINRA Rule 3110. Failure to supervise, which results in losses to a customer, may result in the brokerage firm being held liable and responsible for customers’ damages.
Contact Levin Law managing partner Brian Levin at (305) 402-9050 or email firstname.lastname@example.org for a free case evaluation. We accept most cases on a contingency-fee basis, meaning you are not responsible for Levin Law’s attorney fees unless money is recovered on your behalf.
Levin Law is a premier national securities, commodities, futures, and class action law firm with significant experience. Brian Levin, Levin Law’s founding attorney, has helped recover in excess of $100,000,000 through arbitration and litigation for individual and institutional investors throughout the country and the rest of the world. Levin Law represents retirees, individual investors, high-net-worth investors, ultra-high-net-worth investors, institutions, family offices, trusts, publicly held companies, and others.