Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) on August 1, 2016 indicate that Minnesota-based Northwestern Mutual Investment Services broker Jordan Montgomery has been named in a regulatory investigation. The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Montgomery (CRD# 5788771).
Jordan Montgomery has spent five years in the securities industry and has been registered with Northwestern Mutual Investment Services in Mendota Heights, Minnesota since July 2015. He was previously registered with Northwestern Mutual Investment Services in Coralville, Iowa. He is a registered broker with five US states: Illinois, Iowa, Minnesota, North Dakota, and Texas.
According to his BrokerCheck report, Jordan Montgomery has received one FINRA sanction and is the subject of a pending investigation. He was additionally “permitted to resign” from his position at NMIS, LLC.
In June 2016, the Minnesota Department of Commerce named Jordan Montgomery in an investigation connected to his recent FINRA sanction. The investigation remains pending.
In May 2016, FINRA sanctioned Jordan Montgomery following allegations he “did not complete the necessary continuing education coursework, yet he received notice that the requirements had been satisfied.” According to FINRA’s findings, Mr. Montgomery “learned that his assistant had registered for and completed certain coursework on Montgomery’s behalf, using a password that he had provided, in violation of his member firm’s policies.” In spite of this, he “did not take the coursework himself, report his assistant’s conduct, or take any other corrective action.” He was issued a 20-day suspension and a fine of $5,000.
In March 2015, Jordan Montgomery was “permitted to resign” from his position at NMIS following allegations he failed to report that his assistant took online continuing education coursework for him and that he “asked his then-assistant to purchase two non-variable policies on herself and her husband and that he then reimbursed the premiums to the assistant,” which he then denied, stating that the payment was a “production bonus.”
If you or someone you know has lost money investing with Jordan Montgomery, call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. You may be entitled to recoup your losses. We accept all cases on contingency: Fitapelli Kurta only gets 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.