- January 30, 2021
- American Capital Partners
Jason Zahtila (CRD#: 4009691) is a financial advisor associated with American Captial Partners, LLC, since March 2004. He’s been registered with Partners Capital Services, Inc., since July 2019. He entered the securities industry in 1999 and previously worked for Murjen Financial, Inc; J.W. Genesis Financial Services, Inc.; and Morgan, Taylor & Associates, Inc.
According to publicly available records released by the Financial Industry Regulatory Authority (FINRA), Jason Zahtila has one pending customer complaint disclosure and seven additional disclosures on his CRD, including the following:
• October 2020 – The pending complaint alleges “unsuitable investments, churning and commission charges.” Damages of $900,000 are requested.
• February 2015 – “UNSUITABILITY, CHURNING.” The dispute was settled for $80,000.
• May 2011 – “ALLEGATIONS INCLUDE FRAUD, BREACH OF CONTRACT AND BREACH OF FIDUCIARY DUTY.” Claims were settled for $42,500.
• November 2009 – “CLAIM RECEIVED ALLEGING UNSUITABILITY.” The claim was settled for $250,000.
• November 2008 – “CLIENT ALLEGES, INTERALIA CHURNING AND UNSUITABILITY.” The complaint was settled for $120,000.
• February 2006 – “THE ALLEGATION WERE FAILURE TO ENTER A STOP-LOSS AND HIGH COMMISSIONS.” The dispute was denied.
• May 2002 – The customer dispute alleged “MISREPRESENTATION, BREACH OF FIDUCIARY DUTY, NEGLIGENCE,” and the customer was awarded $4,200.
• April 2002 – “CUSTOMER ALLEGES UNAUTHORIZED TRADE IN NEXTEL STOCK.” The dispute was settled for $100,000.
For a copy of Jason Zahtila’s CRD, click here.
Financial advisors are obligated, both by law and industry regulations, to recommend only suitable investments that are appropriate for their clients’ needs and objectives. Their employing brokerage firm also 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.
Excessive trading occurs when a Financial Advisor places his or her interests in front of the client and recommends transactions for the purpose of generating commissions. FINRA rules prohibit a Financial Advisor from churning or excessively trading an account. Brokerage firms are required to conduct a quantitative suitability analysis to ensure that the number of trades placed in a customer account do not render the strategy unsuitable. For example, a Financial Advisor may recommend the sale of a security at a profit. However, if the commission generated on the buy and sale of that same security exceeds the profit, the customer has actually lost money in that security. Often times, customers are unaware that the commissions charged supersede the profit associated with a transaction or series of transactions.
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 800.931.8452 or by email at email@example.com.