Our firm is investigating LPL Financial LLC financial advisor and stockbroker Jonathan Blount (CRD# 5700831) of Ruston, Louisiana for potential investment-related misconduct.
Jonathan Blount Financial Advisor’s Career History
Jonathan Blount is currently registered with LPL Financial LLC (CRD# 6413), where he has been registered as both a broker and investment adviser representative since October 13, 2016. BrokerCheck lists his LPL Financial branch office at 500 Dan Reneau Dr, Suite 334, Tech Pointe #1, Ruston, Louisiana 71270, with an additional listed LPL office at 607 Willow Glen Dr, Ruston, Louisiana 71270.
Blount is currently registered with FINRA and licensed in six U.S. states and territories. His current registrations include Arkansas, Louisiana, Maryland, Mississippi, Missouri, and Texas. His Texas investment adviser representative registration is listed as “Restricted Approval.”
His prior securities industry registration history includes:
- Edward Jones: May 2014 to October 2016 as an investment adviser representative
- Edward Jones: November 2013 to October 2016 as a broker
- PFS Investments Inc.: November 2009 to November 2013 as a broker
BrokerCheck also reports that Blount has passed the Series 7, Series 6, Series 66, Series 63, and Securities Industry Essentials examinations.
Jonathan Blount Fraud Allegations and Investor Complaints Explained
FINRA BrokerCheck reports two disclosure events involving Jonathan Blount: one pending customer dispute and one final criminal disclosure. The customer dispute is the investment-related complaint most directly relevant to investor recovery analysis.
Pending FINRA Arbitration Alleging Misrepresentation and Unsuitable ETF Investments
The pending customer dispute was served on March 17, 2026. The complaint alleges that, while Blount was associated with LPL Financial LLC, customers claimed he misrepresented investments made from May 2017 through October 2020 and made unsuitable investments based on their investment objectives and risk tolerance.
For context, the FINRA BrokerCheck disclosure lists the following details:
- Disclosure type: Customer Dispute — Pending
- Reporting source: Broker
- Employing firm when alleged activity occurred: LPL Financial LLC
- Allegations: Customers alleged misrepresentation of investments made between May 2017 and October 2020 and unsuitable investments based on investment objectives and risk tolerance
- Product type: Other: ETF
- Alleged damages: $192,000
- Date notice/process served: March 17, 2026
- Arbitration pending: Yes
- Forum: FINRA arbitration
- Docket/case number: 26-00397
- Disposition: Pending; no final adjudication, settlement, or finding of wrongdoing is reported in the BrokerCheck report
Blount denied the allegations in his BrokerCheck broker statement. He stated that all investment recommendations and account management were conducted consistent with the customers’ stated investment objectives, risk tolerance, and the advisory agreement, and he described the claim as without merit.
Final Criminal Disclosure Reported on BrokerCheck
BrokerCheck also reports one criminal disclosure with a final disposition. The charge date was May 30, 2000, and the matter reached final status on April 5, 2001. The reported charge was “Theft Stolen Prop >=$20 < $500 By Check,” classified as a misdemeanor. The disclosure states that the disposition of the charge was dismissed and that no sentence or penalty was imposed.
For context, the FINRA BrokerCheck disclosure lists the following details:
- Disclosure type: Criminal — Final Disposition
- Reporting source: Broker
- Charge date: May 30, 2000
- Status date: April 5, 2001
- Formal charge: Theft Stolen Prop >=$20 < $500 By Check
- Number of counts: 1
- Classification: Misdemeanor
- Docket/case number: 2000-5214
- Disposition: Dismissed
- Sentence/penalty: None
The pending customer dispute remains an allegation and should not be treated as a final finding that Blount or LPL Financial violated securities laws or FINRA rules.
Robert Wayne Pearce Is Committed to Recovering Your Investment Losses
To obtain a copy of Jonathan Blount’s FINRA BrokerCheck report, visit this link.
FINRA Rule 2111, the suitability rule, is relevant to the pending complaint because the customers alleged that Blount recommended unsuitable ETF investments based on their investment objectives and risk tolerance. In general, suitability analysis focuses on whether a recommendation was appropriate in light of the customer’s investment profile, including objectives, risk tolerance, financial situation, investment experience, time horizon, liquidity needs, and other relevant facts. If the allegations are proven, the central issue would be whether the ETFs recommended or managed in the customers’ accounts were consistent with what Blount knew or should have known about the customers’ objectives and risk tolerance.
FINRA Rule 2020 prohibits the use of manipulative, deceptive, or fraudulent devices in connection with securities transactions. This rule may be relevant because the pending FINRA arbitration alleges that Blount misrepresented the investments made from May 2017 through October 2020. In this context, a misrepresentation allegation generally concerns whether customers received accurate and complete information about the nature, risk, cost, strategy, or expected performance of the ETF investments before or during the investment period. The BrokerCheck report states that Blount denies the allegations, and the matter remains pending.
FINRA Rule 2010 requires brokers to observe high standards of commercial honor and just and equitable principles of trade. In the context of the pending complaint against Jonathan Blount, Rule 2010 may apply broadly to allegations that an advisor misrepresented investments or made recommendations inconsistent with customer objectives and risk tolerance. Even when a customer dispute is framed around specific suitability or disclosure issues, Rule 2010 is often relevant because it addresses the overall fairness and integrity of a broker’s conduct in securities business.
For over 45 years, Robert Wayne Pearce has helped investors recover losses caused by broker fraud, negligence, and unsuitable recommendations. His firm, The Law Offices of Robert Wayne Pearce, P.A., represents clients nationwide on a no-recovery, no-fee basis. Call (800) 732-2889 or email pearce@rwpearce.com for a free case review with an experienced securities attorney.