Our firm is investigating Edward Jones financial advisor Jasen Reece Agee (CRD# 6321255) of Pauls Valley, Oklahoma for potential investment-related misconduct.
Financial Advisor’s Career History
According to his FINRA BrokerCheck report, Jasen R. Agee has been registered with Edward Jones since June 11, 2014, and has also been registered as an investment adviser representative through the firm since September 29, 2014.
BrokerCheck lists his investment-related employment history as:
- Edward Jones — Financial Advisor (April 2013 to Present)
Jasen Reece Agee Fraud Allegations and Investor Complaints Explained
March 2022 Customer Dispute (Settled) — Alleged Negligent Advice Causing Tax Liability
FINRA BrokerCheck reflects a customer dispute in which the client alleged that Mr. Agee’s advice to move from a Guided Solutions – Flex account to an Advisory Solutions account was negligent and resulted in a “tremendous tax liability.”
Key details reported include:
- Date complaint received: 03/25/2022
- Product type: Other (Miscellaneous)
- Alleged damages: $20,000
- Resolution/status: Settled (not pending)
- Status date: 05/20/2022
- Settlement amount: $22,027
- Individual contribution amount: $2,202.70
- Broker statement: The firm investigated and made a settlement offer that was accepted; Mr. Agee contributed $2,202.70.
Summary of Disclosures (for context)
- Customer Dispute (Settled) — Client alleged negligent recommendation to switch account types (Guided Solutions–Flex to Advisory Solutions), allegedly causing significant tax liability; Alleged damages: $20,000; Settlement: $22,027; Status date: 05/20/2022.
To obtain a copy of Jasen Reece Agee’s FINRA BrokerCheck report, visit this link.
Robert Wayne Pearce Is Committed to Recovering Your Investment Losses
FINRA Rule 2111 (Suitability) generally requires that a broker have a reasonable basis to believe a recommendation is suitable based on the customer’s investment profile (including factors like financial situation, tax status, investment objectives, and risk tolerance). In a complaint alleging that an account switch created a substantial tax liability, a key question is whether the recommendation to move from a Guided Solutions–Flex program to an Advisory Solutions account was consistent with the customer’s profile and whether the tax consequences were reasonably evaluated and explained before the change was implemented.
FINRA Rule 2010 (Standards of Commercial Honor and Principles of Trade) requires brokers to observe high standards of commercial honor and just and equitable principles of trade. In disputes like the one reported here—where a client claims negligent advice caused unexpected tax consequences—investigations often focus on whether the communications were fair and complete, whether key implications (like tax impact) were omitted or downplayed, and whether the advisor’s process reflects the level of care expected when recommending a material account change.
FINRA Rule 3110 (Supervision) requires brokerage firms to establish and maintain a system to supervise the activities of associated persons to ensure compliance with applicable securities laws and FINRA rules. When a client alleges harm from an account program change, supervision issues may include whether the firm had adequate review procedures for account-type transitions, whether the recommendation and documentation were properly reviewed, and whether controls were in place to identify and address foreseeable risks—such as significant tax consequences—before approving or implementing the change.
Losing your savings to a dishonest broker or advisor can be devastating, but you do not have to face it alone. Robert Wayne Pearce and his team have spent over four decades helping investors who were misled or defrauded by Wall Street firms. The Law Offices of Robert Wayne Pearce, P.A. takes cases nationwide on a contingency fee basis. You pay nothing unless we recover your losses. Call (800) 732-2889 or email pearce@rwpearce.com today for a free and confidential consultation.