Public records published by the Financial Industry Regulatory Authority (FINRA) on December 21, 2016 indicate that California-based VFG Securities broker/adviser Jason Vanclef has been sanctioned by FINRA. The attorneys at Fitapelli Kurta are interested in speaking to investors who have complaints regarding Mr. Vanclef (CRD# 5096529).
Jason Vanclef has spent ten years in the securities industry and has been registered with VFG Securities in Culver City, California since 2009. He was previously registered with Madison Avenue Securities in Santa Monica, California and Sigma Financial Corporation in Santa Monica, Florida. He is a registered broker and investment adviser with fourteen US states and territories.
According to his BrokerCheck report, Jason Vanclef has received one regulatory sanction and six customer complaints.
In February 2016 FINRA sanctioned Jason Vanclef following allegations he “provided customers with misleading personalized recommendation spreadsheets that contained false, exaggerated, unwarranted or misleading statements, and included improper projections of investment performance.” He was issued a 10-day suspension and a fine of $10,000.
In 2013 a customer’s trustee alleged Jason Vanclef, while employed at Madison Avenue Securities, committed fraud, breached his fiduciary duty, and failed to supervise in connection to the recommendation and sale of a Cabot East Town Mall tenant-in-common investment. The complaint settled for $75,000.
In 2013 a customer alleged he, while employed at Madison Avenue Securities, breached his fiduciary duty, acted negligently and breached contract in connection to two energy-related direct investments and a tenant-in-common product. The complaint settled in 2014 for $237,500.
In 2013 a customer alleged he, while employed at Madison Avenue Securities, misrepresented material facts related to two non-traded real estate investment trusts and one private placement product. The complaint settled in 2014 for $7,590.
If you have lost money investing with Jason Vanclef, you may be entitled to recover lost funds. Call Fitapelli Kurta at 877-238-4175 for a free consultation. All cases are taken on contingency: Fitapelli Kurta only gets paid if and when you recover money. Time to file your claim may be limited, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.