Financial Advisor Kurt Charles Jackson Has Disclosed 6 FINRA Customer Disputes

• July 16, 2026
• Commonwealth Financial Network

Broker’s Background

 

Kurt Charles Jackson (CRD #: 2913769) is registered with Commonwealth Financial Network. He is located in Arroyo Grande, CA. Kurt’s past employers include Merrill Lynch, Pierce, Fenner & Smith Incorporated, UBS Financial Services Inc and NFP Advisor Services, LLC.

 

Current and Past Allegations of Conduct Leading to Investment Loss

 

According to publicly available records released by the Financial Industry Regulatory Authority (FINRA), in March 2026, Kurt Charles Jackson became the subject of a customer dispute alleging, “the FP recommended unsuitable alternative investments”.

 

In addition, Kurt Charles Jackson has been the subject of five past FINRA disclosures, including the following:

• September 2025 – Claimant alleges that certain investments on her portfolio were unsuitable. Damage amount requested was $150,000.00.
• August 2025 – Customer alleging investments in certain bond funds were unsuitable. Damage amount requested was $292,448.00. Settlement amount was $190,000.00
• June 2025 – Customer alleges breach of fiduciary duty based on a large concentration of her account in a specific bond fund. Damage amount requested was $160,000.00.
• November 2022 – Claimants allege Kestra breached it’s fiduciary duty, made unsuitable recommendations, and misrepresented the investment product. Additionally it is alleged that Kestra failed to properly supervise and provide training to representatives. Damage amount requested was $5,000.00. Settlement amount was $29,296.88.
• April 2003 – Claimants allege unsuitable recommendations and transaction, including over-concentration in the technology and biotechnology sectors. Damage amount requested was $490,000.00. Damages granted was $48,430.00.

For a copy of Kurt Charles Jackson’s FINRA Broker Check, click here

We Help Investors Recover Investment Losses

 

Financial advisors have a legal and regulatory obligation to recommend only suitable investments that are appropriate for their clients’ needs and objectives. Their employing brokerage firm has a legal and regulatory obligation to supervise the Financial Advisors’ sales practices and dealings with clients. To the extent any of these duties are breached, the customer may be entitled to a recovery of his or her investment losses.

 

Reasonable basis suitability requires that a recommended investment or investment strategy be suitable or appropriate for at least some investors. Reasonable basis suitability requires an advisor to conduct adequate due diligence so that he or she can determine the risks and rewards of the investment or investment strategy.

 

Customer specific suitability requires that a brokerage firm or financial ensure that the recommendations are appropriate for a particular customer based on, among other things, that customer’s needs and objectives.

 

Quantitative suitability requires a brokerage firm or financial advisor with actual or de facto control over a customer’s account to have a reasonable basis for believing that a series of recommended transactions – even if suitable when viewed in isolation – is not excessive and unsuitable for the customer when taken together in light of the customer’s investment profile. No single test defines excessive activity, but factors such as the turnover rate, the cost-equity ratio, and the use of in-and-out trading in a customer’s account may provide a basis for a finding that a member or associated person has violated the quantitative suitability obligation. Financial advisors have a legal and regulatory obligation to recommend only suitable investments that are appropriate for their clients’ needs and objectives. Their employing brokerage firm has a legal and regulatory obligation to supervise the Financial Advisors’ sales practices and dealings with clients. To the extent any of these duties are breached, the customer may be entitled to a recovery of his or her investment losses.

 

The Wolper Law Firm represents investors nationwide in securities litigation and arbitration on a contingency fee basis. Matt Wolper, the Managing Principal of the Wolper Law Firm, is a trial lawyer who has handled hundreds of securities cases during his career involving a wide range of products, strategies, and securities. Prior to representing investors, he was a partner with a national law firm, where he represented some of the largest banks and brokerage firms in the world in securities matters. We can be reached at (855) 289-7868 or by email at mwolper@wolperlawfirm.com