Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) and accessed on August 15, 2017 indicate that former Florida-based International Assets Advisory broker/adviser Jason Likens has been sanctioned by FINRA and suspended from acting as a broker. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Likens (CRD# 4716661).
Jason Likens has spent 11 years in the securities industry and was most recently registered with International Assets Advisory in Orlando, Florida (2016-2017). Previous registrations include Oppenheimer & Company in Asheville, North Carolina; Stanford Group Company in Asheville, North Carolina; UBS Financial Services in Asheville, North Carolina; and Wachovia Securities in St. Louis, Missouri. He is currently not registered with any state or firm.
According to his BrokerCheck report, he has received one FINRA sanction and one customer complaint, and was terminated from two former employers.
In July 2017 FINRA sanctioned him following allegations that “contrary to his member firm’s Written Supervisory Procedures (WSPs), he borrowed money from two customers, a total of $23,500, without disclosing these loans to the firm or receiving the firm’s approval to borrow from the customers and the loans did not meet any of the exceptions found in FINRA Rule 3240.” FINRA’s findings state further: “Likens did not repay the loans on schedule and did not begin to repay the loans until repeated requests were made by one of the customers and his family and by the second customer. The findings also stated that Likens made false attestations to his firm on annual compliance questionnaires that he had not made loans to or borrowed from any customer.” He was issued a 15-month suspension and a fine of $10,000.
In January 2017 he was terminated from his position at International Assets Advisory following allegations he failed to respond to a FINRA request.
2016 he was terminated from his position at Oppenheimer & Company following allegations he “admitted he had borrowed money from a client.”
In 2016 a customer alleged Jason Likens, while employed at Oppenheimer & Company, misrepresented the fees associated with a managed account. The complaint settled for $6,901.
If you or someone you know has a complaint regarding Jason Likens, call Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup losses. Fitapelli Kurta accepts every case on contingency: we only get paid if and when you collect money. Time to file your claim may be limited, so we recommend you avoid delay. Call 877-238-4175 now to speak to an attorney for free.