FINRA fined and suspended American Wealth Management (Novato, CA) broker Jason Lee Seale for exercising discretionary trades in customer accounts without those clients' written authorization and without the firm's consent.
According to AWC #2019063334201, Jason Seale (CRD #1874548) made more than 60 trades in several customer accounts using discretion without the customers' prior authorization and without American Wealth Management accepting the accounts as discretionary.
Furthermore, Seale purportedly submitted a compliance questionnaire incorrectly stating that Seale did not and would not exercise discretion in any customer accounts without the firm's written authorization.
FINRA's report indicates that Seale had been engaged in unauthorized use of discretion for at least eight months prior to submitting the inaccurate compliance questionnaire.
Seale, who holds registrations as both a broker and investment adviser, has been affiliated with American Wealth Management since 2002 (as a broker) and 2013 (as an investment adviser).
If you invested with American Wealth Management broker Jason Lee Seale of the firm's Novato, California branch, or with any investment adviser or registered representative that engaged in unauthorized trading activity or improper use of discretion in your brokerage account without prior consent or written permission, and this has proven harmful to your financial interests, please call an experienced FINRA arbitration attorney at The Law Offices of Jonathan W. Evans & Associates at (800) 699-1881 for an investigation and consultation.