Oak Lane Advisors broker Jacob Cazier (CRD# 6904198) faces multi-million dollar complaint related to alleged investment fraud. He was registered with J.W. Cole Financial, Inc. in Clearfield, Utah, from May to September 2018, and with Allegis Investment Services, LLC in Clearfield, Utah, from January to May 2018.
According to his profile on the Securities and Exchange Commission (SEC) website, he has been registered with Oak Lane Advisors in Centerville, Utah, since 2018 and currently serves as a wealth advisor.
Jacob Cazier Customer Complaints
He has been the subject of two customer complaints in 2023, according to his CRD report:
May 2023. “Allegations against the Firm for failing to detect an alleged fraud operated away from the Firm by a deceased representative that was with the Firm for less than two months. Claimants invested with the other representative after his departure from the Firm. Claimants allege Registered Representative was indirectly involved.” The customer is seeking $850,000 in damages, and the case is currently pending. The complaint took place while he was registered with Wealth Navigation Advisors.
May 2023. “Allegations against the Firm for failing to detect an alleged fraud operated away from the Firm by a deceased representative that was with the Firm for less than two months. Claimants invested with the other representative at various times while he was affiliated with differing firms. Claimants allege Registered Representative was indirectly involved.” The customer is seeking $15,000,000 in damages, and the case is currently pending. The complaint took place while he was registered with J.W. Cole Financial, Inc.
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, Oak Lane Advisors may be liable for investment or other losses suffered by Jacob Cazier’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.
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