Erez Law is currently investigating Arete Wealth Management, LLC broker Jason Lamb (CRD# 3248356) regarding alternative investment losses. He has been registered with Arete Wealth Management, LLC in Nashville, Tennessee, since 2021. He was registered with Center Street Securities, Inc. in Soquel, California, from 2009 to 2023.
In August 2014, FINRA sanctioned him to pay a $10,000 civil and administrative penalty and fine and suspended him for two months after he “consented to the sanctions and to the entry of findings that he failed to supervise certain sales of a renewable secured debenture, an illiquid and high-risk alternative investment, totaling approximately $770,000 to nine customers.” FINRA found that, despite the presence of red flags, he failed to take reasonable steps to ensure the debenture sales were suitable or had been accurately represented to customers. Additionally, FINRA found that he approved the debenture purchases without adequately considering whether those purchases were consistent with the customers’ investment objectives, risk tolerances, financial conditions, ages, or liquidity needs.
Jason Lamb Customer Complaints
He has been the subject of 10 customer complaints in 2024, according to his CRD report:
December 2024. “Client alleges unsuitable investment recommendation.” The customer is seeking $100,000 in damages, and the case is currently pending. The case was regarding alternative investment losses.
November 2024. “Client alleges unsuitable investment recommendation.” The customer is seeking $250,000 in damages, and the case is currently pending. The case was regarding private placement investment losses.
August 2024. “Client alleges unsuitable investment recommendation.” The case was settled for $110,000. The case was regarding alternative investment losses.
August 2024. “Client alleges unsuitable investment recommendation.”The customer sought $200,000 in damages, and the case was settled for $15,000. The case was regarding alternative investment losses.
August 2024. “Client alleges unsuitable investment recommendation.” The customer sought $86,000 in damages, and the case was settled for $6,000. The case was regarding alternative investment losses.
August 2024. “Client alleges unsuitable investment recommendation.” The customer is seeking $75,000 in damages, and the case is currently pending. The case was regarding alternative investment losses.
August 2024. “Client alleges unsuitable investment recommendation.” The customer sought $105,000 in damages, and the case was settled for $8,250. The case was regarding alternative investment losses.
August 2024. “Client alleges unsuitable investment recommendation.” The case was settled for $100,000. The case was regarding alternative investment losses.
August 2024. “Client alleges unsuitable investment recommendation.”The customer sought $220,000 in damages, and the case was settled for $8,250. The case was regarding alternative investment losses.
August 2024. “Client alleges unsuitable investment recommendation.” The customer sought $184,000 in damages, and the case was settled for $8,250. The case was regarding alternative investment losses.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Arete Wealth Management, LLC may be liable for investment or other losses suffered by Jason Lamb’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
"*" indicates required fields
