Customer Alleged Jay Wallinger Over-Concentrated Their Account

Jay Wallinger

Publicly available records published by the Financial Industry Regulatory Authority (FINRA) and accessed on May 2, 2018 indicate that Nebraska-based Summit Brokerage Services broker/adviser Jay Wallinger has been involved in a customer dispute. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Wallinger (CRD# 2407056).

Jay Wallinger has spent 24 years in the securities industry and has been registered with Summit Brokerage Services in Stuart, Nebraska since 2016. He was previously registered with VSR Financial Services in Stuart, Nebraska (1993-2016). He has passed four securities industry examinations: Series 65 (Uniform Investment Adviser Law Examination), which he obtained on August 4, 1998; Series 63 (Uniform Securities Agent State Law Examination), which he obtained on November 10, 1993; Series 7 (General Securities Representative Examination), which he obtained on August 10, 2001; and Series 6 (Investment Company Products/Variable Contracts Representative Examination), which he obtained on October 25, 1993. He is a registered broker and investment adviser with eleven US states: Arizona, California, Colorado, Iowa, Kentucky, Montana, Nebraska, New Jersey, North Dakota, South Dakota, and Texas.

According to his BrokerCheck report, Jay Wallinger has received one customer complaint.

In December 2016 a customer alleged Jay Wallinger, while employed at VSR Financial Services, recommended unsuitable investments in equipment leasing products and over-concentrated the account. The complaint settled in January 2018 for $330,000.

If you have lost money investing with Jay Wallinger, you may be able to recover your losses. Call Fitapelli Kurta at 877-238-4175 for a free consultation. All cases are taken on a contingency basis: Fitapelli Kurta only gets paid if and when you collect funds. Time to file your claim may be limited by law, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.