Erez Law is currently investigating former Landolt Securities, Inc. broker Jason Slezak (CRD# 2423323), who is accused of GWG Holdings Inc. investment losses. He has been registered with Landolt Securities, Inc. in Antioch, Illinois, and Oshkosh, Wisconsin, since 2009. Previously, he was registered with Birkelbach Management Corp. in Chicago, Illinois, from 2007 to 2011, and with Kingsbury Capital Investment Advisors LLC in Chicago, Illinois, from 2007 to 2011. Prior to then, he was registered with Brewer Financial Services, LLC in Chicago, Illinois, from 2008 to 2009, Birkelbach Investment Securities, Inc. in Chicago, Illinois from 2002 to 2008, and with Wachovia Securities, Inc. in St. Louis, Missouri, from 2000 to 2002, when he was terminated regarding, “failure to follow firm policy regarding opening new accounts.”
In March 2006, New York Stock Exchange Division Of Enforcement found him guilty of violating NYSE rules related to failing to get approval prior to sending a letter soliciting a potential customer’s market timing business.
Jason Slezak Customer Complaints
He has been the subject of three customer complaints between 2022 and 2023, according to his CRD report:
April 2023. “Registered Representative Jason Slezak sold claimant GWG L Bonds in August 2017 and December 2018, totaling $656,520. Following GWG’s bankruptcy in 2022, Claimant is now alleging these trades were unsuitable. Claimant also alleges breach of fiduciary duty, negligent misrepresentation, lack of sufficient due diligence, failure to supervise, and Regulation Best Interest Violations.” The customer is seeking $646,520 in damages, and the case is currently pending. The complaint was related to corporate debt losses, and it took place while he was registered with Landolt Securities, Inc.
July 2022. “The client purchased American Healthcare REIT in January 2015 and GWG L Bonds in February 2021. On July 20th, 2022 the client sent an email alleging these investments were not suitable and asking to be made whole.” The case was settled for $16,900. The complaint was related to corporate debt and real estate securities losses, and it took place while he was registered with Landolt Securities, Inc.
March 2022. “Claim that Mr. Slezak failed to disclose any risks related to the GWG L bond, that Mr. Slezaks presentation was neither fair nor imbalanced; that his presentation did not include a balanced discussion of the features and risks, including the credit risk or risk of default associated with GWG holdings Inc. the issuer of the L bonds and how that risk might affect the safety of [REDACTED] principal.” The case was settled for $25,000. The complaint was related to corporate debt losses, and it took place while he was registered with Landolt Securities, 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, Landolt Securities, Inc. may be liable for investment or other losses suffered by Jason Slezak’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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