Our firm is investigating Charles Schwab & Co., Inc. financial advisor and stockbroker Jonathan Michael Kimbrough (CRD# 6897783) of Omaha, Nebraska for potential investment-related misconduct.
Financial Advisor’s Career History
Based on the BrokerCheck report, Jonathan Michael Kimbrough’s securities-industry employment history includes:
- TD Ameritrade, Inc. (Registered Rep) — 06/2018 to 05/2024 (Omaha, NE)
- TD Ameritrade Investment Management, LLC (Investment Adviser Rep) — 01/2019 to 09/2023 (Omaha, NE)
- Charles Schwab & Co., Inc. (Registered Representative / Investment Advisor) — registered since 01/26/2022 (Omaha, NE office listed)
- Charles Schwab Bank (shared employee role reported) — 07/2024 to Present (Omaha, NE)
Jonathan Michael Kimbrough Fraud Allegations and Investor Complaints Explained
FINRA BrokerCheck reflects one customer dispute reported for Jonathan Michael Kimbrough.
Customer Dispute Overview (FINRA Arbitration 22-00314) — Settled
- Allegation: The client alleged that instructions to invest the account were not followed.
- Product Type: Exchange Traded Funds (ETFs) (listed under “Other”)
- Alleged Damages: $17,283
- Date Complaint Received: 01/31/2022
- FINRA Arbitration Filed: 02/10/2022
- Forum / Case #: FINRA, 22-00314
- Resolution: Settled (Status date 03/29/2022)
- Settlement Amount: $9,000
- Individual Contribution Amount: $0
Disclosure Snapshot (for quick context)
- Customer Dispute (Settled): Alleged failure to follow instructions regarding investing an account (ETFs); alleged $17,283; settled for $9,000; $0 paid personally by the broker; FINRA arb 22-00314.
To obtain a copy of Jonathan Michael Kimbrough’s FINRA BrokerCheck report, visit this link.
Robert Wayne Pearce Is Committed to Recovering Your Investment Losses
FINRA Rule 2010 requires brokers to observe high standards of commercial honor and just and equitable principles of trade, and it is often implicated when a dispute involves conduct that appears inconsistent with fair dealing—such as allegations that an investor’s instructions were not followed. In a case like the arbitration dispute reported here, Rule 2010 can become relevant if the evidence suggests the client gave clear directions and the broker or firm failed to act consistently with those directions.
FINRA Rule 2111 (Suitability) generally requires a broker’s recommendations to be suitable for the customer based on the customer’s investment profile, and it can intersect with “instructions not followed” allegations when the account ends up invested in a manner the client did not authorize or intend. If an investor’s stated goals, risk tolerance, or specific directions were not respected, suitability concerns may arise—particularly where the investments involved (such as ETFs) were implemented in a way that did not match the customer’s plan.
FINRA Rule 3110 (Supervision) places a duty on brokerage firms to establish and maintain a supervisory system designed to achieve compliance with applicable securities laws and FINRA rules. When a customer alleges that investment instructions were not followed and the matter proceeds to arbitration, supervision becomes a practical issue: firms are expected to have procedures for order entry, documentation, reviews of activity, and escalation of exceptions so that client directives are implemented accurately and consistently.
The Law Offices of Robert Wayne Pearce, P.A. is a nationally recognized securities law firm representing investors in FINRA arbitration and securities fraud cases on a contingency fee basis. Robert Wayne Pearce, the founding attorney, has more than 45 years of experience recovering millions for victims of broker misconduct and investment fraud. He previously defended major brokerage firms and now uses that insight to protect investors nationwide. To discuss your case directly with Mr. Pearce, call (800) 732-2889 or email pearce@rwpearce.com for a free consultation.