The Financial Industry Regulatory Authority (FINRA) barred registered principal Jason Robert Cavalier of Simi Valley, California, for allegedly willfully failing to disclose that he was a defendant in a civil action filed in US District Court and subsequently failing to cooperate with FINRA's investigation into the alleged misconduct.
While associated with First Heartland Capital, Inc., Cavalier was named in a 2010 lawsuit (CV10-01554-JFW) that alleged, among other charges, breach of fiduciary duty, fraud, negligent misrepresentation and sales of unregistered securities. According to FINRA By-Laws, such a charge required an amendment of the Form U4 to reflect this status. According to the Authority, Cavalier failed to amend his U4.
On May 16, 2012, Cavalier was to appear for an on-the-record interview with FINRA related to the alleged U4 misconduct. Instead of appearing, Cavalier stated he would not cooperate with FINRA's investigation, in violation of further FINRA Rules. FINRA subsequently barred him from the securities industry.
If you have invested with Jason Robert Cavalier or any broker whose failure to disclose material facts have resulted in harm to your investments or interests, please call The Law Offices of Jonathan W. Evans & Associates at (800) 699-1881 for an investigation and consultation.