South Florida Arbitration & Litigation Lawyer Blog
South East United States FINRA Arbitration Securities Fraud, Private Placement and Variable Annuity Fraud Attorney, Russell L. Forkey, Esq.
February, 2011:
Jason Leekarl Beckett (CRD #3186927, Registered Representative, West Columbia, South Carolina formerly licensed with Traderight Securities Inc.) submitted a Letter of Acceptance, Waiver and Consent in which he was fined $10,000 and suspended from association with any FINRA member in any capacity for two months. The fine must be paid either immediately upon Beckett’s reassociation with a FINRA member firm following his suspension, or prior to the filing of any application or request for relief from any statutory disqualification, whichever is earlier. Without admitting or denying the findings, Beckett consented to the described sanctions and to the entry of findings that he submitted an advertisement to a local newspaper, which listed an entity he owned as offering certain investments, including certificates of deposit (CDs) and fixed annuities, and that he did not submit the advertisement to his member firm for review and approval; moreover, the advertisement content included misleading statements regarding the offered investments. The findings stated that Beckett maintained a website for an entity he owned, which was accessible to the investing public, and he failed to submit the website material to his firm for review until a later date. The findings also stated that Beckett failed to obtain his firm’s written approval of the website content prior to its use. The findings also included that Beckett completed an annual certification, which he provided to his firm and he answered “no” to the question asking whether he anticipated using any type of electronic communication systems such as the Internet for soliciting business.
The suspension is in effect from January 18, 2011, through March 17, 2011. (FINRA Case #2009016600001).