Erez Law is currently investigating Merrill Lynch, Pierce, Fenner & Smith Incorporated broker Jason Tarver (CRD# 2569913) regarding unsuitable investment recommendations.
He has been registered with Merrill Lynch, Pierce, Fenner & Smith Incorporated in Frisco, Texas, since 1996, Dai Securities, LLC in New Braunfels, Texas, since 2023, and Dai Wealth, LLC in New Braunfels, Texas, since 2023. He was registered with Arete Wealth Advisors, LLC in New Braunfels, Texas, from 2014 to 2023, Arete Wealth Management, LLC in Lake Oswego, Oregon, from 2014 to 2023, and Ari Financial Services, Inc. in Overland Park, Kansas, in 2013.
Jason Tarver Customer Complaints
He has been the subject of two customer complaints between 2002 and 2020, one of which was closed without action, according to his CRD report:
December 2020. “The Claimant alleges an unsuitable investment strategy when a line of credit was opened and inappropriately leveraged against annuities in December of 2018. Claimant also alleges that she did not authorize the opening of the line of credit, as well as multiple wire transfers initiated by her then husband between 2017 and 2019. Additionally, Claimant alleges that her signature was forged by her former husband on opening documents for a loan management account.” The customer sought $5,173,597.57 in damages, and the case was settled for $2 million. The complaint was regarding fixed annuities, loan management accounts, and lines of credit. The complaint took place while he was registered with Merrill Lynch, Pierce, Fenner & Smith Incorporated.
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, Merrill Lynch, Pierce, Fenner & Smith Incorporated may be liable for investment or other losses suffered by Jason Tarver’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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