Broker Jonathan Ellefson Allegedly Sold Improper Products

Jonathan Ellefson Allegedly Sold Improper Products; Damage Amount Not Requested

Broker Jonathan Eric Ellefson, a.k.a. Jon Ellefson, allegedly made sales of improper products, according to a Pending Customer Dispute under review by investor rights attorney Alan Rosca.

The aforementioned dispute was filed on April 10, 2019, FINRA states, and a damage amount has not been specified. Said client was allegedly a client of Ellefson’s for 20+ years ending in 2015, FINRA reports.

Jon Ellefson has been registered with Intervest International Equities Corporation in Harker Heights, Texas since April 22, 1992, FINRA reports.

Investor rights attorney Alan Rosca, of the Rosca Scarlato LLC law firm, is investigating activity related to broker Jonathan Ellefson’s alleged sales of improper products. Investors who believe they may have lost money in activity related to Jonathan Ellefson’s alleged sales of improper products are encouraged to contact attorney Alan Rosca with any useful information or for a free, no obligation discussion about their options.

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Broker Jonathan Ellefson Settled a Customer Dispute for $125,000 for Allegedly Recommending the Sale of ICON Investments

Ellefson allegedly recommended the sale of various ICON investments that were purportedly unsuitable, according to a Settled Customer Dispute on Ellefson’s FINRA Brokercheck page.

The aforementioned Dispute was settled on February 14, 2017, FINRA states, and a Damage Amount of $350,000 was requested. Said Dispute was ultimately settled for $125,000, FINRA notes.

Ellefson also allegedly settled a Customer Dispute with a Close-No Action Ruling, FINRA states. The aforementioned Dispute was settled on May 21, 2015, FINRA notes, and had alleged that Ellefson misrepresented and misled a client regard the current value of alternative investments, FINRA notes.

Broker Jonathan Ellefson has 31 years of experience in the securities industry with only two firms, and was also registered with American Express Financial Advisors Inc. in Minneapolis, Minnesota from March 25, 1987 until December 30, 1991, FINRA reports.

Finally, it is important to note that, as of the date of this article, there has not been a finding of liability as to the complaints or allegations mentioned in this article, unless otherwise indicated. Any reader should also read the original sources hyperlinked in this blog for accuracy, including any BrokerCheck report and/or record of any disciplinary or regulatory action. Those sources are incorporated by reference into the text of this blog, and are the governing materials in case of any inconsistencies or typos in this blog.

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Securities Lawyer Investigating

The Rosca Scarlato LLC law firm represents investors who lose money as a result of investment-related fraud or misconduct and are currently investigating broker Jonathan Ellefson’s alleged sales of improper products. The firm takes most cases of this type on a contingency fee basis and advance the case costs, and only gets paid for their fees and costs out of money recovered for clients. Attorney Alan Rosca, a securities lawyer and adjunct professor of securities regulation, and has represented thousands of victimized investors across the country and around the world in cases ranging from arbitrations to class actions.

Investors who believe they lost money as a result of Jonathan Ellefson’s alleged sales of improper products may contact attorney Alan Rosca for a free no-obligation evaluation of their recovery options, at 888-998-0530, via email at arosca@rscounsel.law, or through the contact form on this webpage.

DISCLAIMER

In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow matters about which we report, and/or to publish subsequent updates regarding various developments that may occur in such matters. Readers are encouraged to conduct their own research regarding any such matters and any developments that may or may not have occurred in such matters. Also, the Brokercheck report linked to some of our blogs is the up-to-date version as of the date of accessing by the reader. The information in our blogs is current as of the date of the drafting of the blog, and given that sometimes certain past complaints may no longer be listed in newer Brokercheck reports, some of the events referenced in some of our blogs may later on be removed from newer Brokercheck reports. Visitors may check the most recent version of each brokercheck report at www.finra.org, and may contact FINRA for the earlier version of the Brokercheck report upon which various blogs may be based.

If you believe you lost money as a result of investment-related fraud or misconduct, please contact our law firm for a free, no-obligation evaluation of your recovery options.

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