Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Jacob Fournier (Fournier), previously associated with Fidelity Brokerage Services LLC, has at least one disclosable event. These events include one tax lien, alleging that Fournier recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.
FINRA BrokerCheck shows a final customer complaint on November 08, 2024.
Without admitting or denying the findings, Fournier consented to the sanctions and to the entry of findings that he borrowed a total of $25,000 in three disbursements from a friend and senior customer. The findings stated that at all relevant times, Fournier’s member firm prohibited its registered representatives from lending to or borrowing from firm customers. Fournier and the customer documented the loan with a promissory note and Fournier has been making partial repayments.
