According to the Financial Industry Regulatory Authority (FINRA), the regulator has barred financial advisor Jason LaBelle (CRD #5654529) from the securities industry. In connection with an investigation into LaBelle’s possible violation of a prior regulatory act, LaBelle was expelled from the securities industry on July 6, 2021.
FINRA alleged on January 14, 2020, that LaBelle, while associated with LPL, participated outside of his company’s business activities without providing prior written notice. FINRA reportedly banned LaBelle from assisting any member firm of FINRA for three months, and he was fined $5,000.
Labelle was, reportedly, associated with LPL Financial in Pittsfield MA between 2014 and December 2019. According to reports, he has three customer complaints against him that were denied.
Potential Lawsuits to Recover Financial Loss
Haselkorn & Thibaut is currently investigating FINRA arbitration cases involving Jason Labelle, financial advisor, and the potential liability of his former employers for failing to supervise him properly.
Brokers who abuse client accounts or engage in securities-related transactions may result in investment losses for the brokerage firm they work with. Negligent supervision of employees by brokerage firms can lead to investment losses.
The investor lawyers at Haselkorn & Thibaut might be able to help you if you have suffered losses from investing with Jason Labelle or LPL Financial. Please call 1-800-856-3352 for a free consultation.
