Publicly available records published by the Financial Industry Regulatory Authority (FINRA) and accessed on February 27, 2018 indicate that Texas-based Sunbelt Securities broker/adviser Melvin Jacobs was discharged from a former employer in connection to alleged rule violations and has received a customer dispute. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Jacobs (CRD# 1361940).
Melvin Jacobs has spent 32 years in the securities industry and has been registered with Sunbelt Securities in Houston, Texas since December 2017. Previous registrations include Merrill Lynch in Houston, Texas (2009-2018); UBS Financial Services in Houston, Texas (2003-2009); Fahnestock & Company in New York, New York (2003); CIBC World Markets Corporation in New York, New York (1987-2003); Oppenheimer & Company (1988-1995); Donaldson Lufkin & Jenrette Securities Corporation (1986-1987); and the Stuart-James Company (1985). He has passed three securities industry examinations: Series 65 (Uniform Investment Adviser Law Examination), which he obtained on April 2, 1996; Series 63 (Uniform Securities Agent State Law Examination), which he obtained on July 8, 1985; and Series 7 (General Securities Representative Examination), which he obtained on May 18, 1985. He is a registered broker and investment adviser with ten US states: California, Florida, Illinois, Maryland, Missouri, New York, Oklahoma, Texas, Virginia, and Wisconsin.
According to his BrokerCheck report, he has received one customer complaint and was discharged from his former employer in connection to alleged rule violations.
In December 2017 he was terminated from his position at Merrill Lynch in connection to allegations of conduct inconsistent with firm policy regarding selling investments away from the firm.
In 2008 a customer alleged Melvin Jacobs, while employed at UBS Financial Services, failed to follow instructions in a timely manner to liquidate the client’s managed accounts. The complaint settled in 2009 for more than $38,200.
If you have lost money investing with Melvin Jacobs, you may be entitled to recoup your losses. Call the attorneys at Fitapelli Kurta at 877-238-4175 for a free consultation. All cases are taken on a contingency basis, which means we only get paid if and when you collect money. Time to file your claim may be limited by law, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.