Jason Likens, a former registered representative associated with Oppenheimer & Co., Inc. (Oppenheimer), submitted a Letter of Acceptance, Waiver and Consent (AWC) to the Financial Industry Regulatory Authority (FINRA) in which he consented to, without admitting or denying, the findings that he borrowed money from his customers and did not begin to repay the loans until repeated requests were made.
Jason Hunter Likens, of Asheville, North Carolina, allegedly approached an elderly customer with significant health issues to borrow $5,000 on two separate occasions in a month’s time. The customer provided the loans to Mr. Likens in both instances. Mr. Likens failed to repay the loans on schedule and did not do so until the customer and his family made repeated requests. FINRA found further that Mr. Likens approached another customer to borrow $13,500 and that customer, too, provided the loan. Once again, FINRA found that Mr. Likens failed to repay the loan until the customer made repeated requests. Continue reading →