Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Jesse Butler (Butler), previously associated with Pruco Securities, Llc., has at least one disclosable event. These events include one tax lien, alleging that Butler recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.
FINRA BrokerCheck shows a final customer complaint on October 23, 2024.
Without admitting or denying the findings, Butler consented to the sanctions and to the entry of findings that he borrowed $1,175,000 from five of his customers while associated with his member firm. The findings stated that Butler did not disclose the loans to, or receive approval from, his firm. Although one loan came from immediate family members, that loan was prohibited under the firm’s policies because Butler did not disclose it to the firm or obtain its approval. Butler also responded falsely on five annual firm compliance questionnaires that he had not borrowed money from any customers.
