Securities Arbitration Lawyer Blog
FINRA has barred former LPL Financial LLC broker Jason LaBelle from the securities industry. Mr. LaBelle was expelled from the brokerage industry for failing to provide information requested pursuant to FINRA Rule 8210, in connection with a FINRA investigation of Mr. LaBelle’s possible violation of a prior AWC.
Back in January 2020, FINRA accepted an AWC in which Mr. LaBelle consented to the entry of findings that, while associated with LPL, he participated in an outside business activity without having provided prior written notice to his firm. The AWC suspended Mr. LaBelle from associating with any FINRA member firm in all capacities for three months and imposed a $5,000 fine.
By refusing to produce information and documents, Mr. LaBelle violated FINRA Rules 8210 and 2010.
If you have lost money with Jason LaBelle, or LPL Financial LLC, contact FINRA arbitration lawyers Iorio Altamirano LLP for a free and confidential evaluation of your account.
FINRA Letter of Acceptance, Waiver, and Consent No. 2021070364101
Jason LaBelle and FINRA entered into a Letter of Acceptance, Waiver, and Consent (“AWC”) on July 23, 2021.
On July 6, 2021, in connection with an investigation of Mr. LaBelle’s possible violation of a prior AWC, FINRA requested, pursuant to FINRA Rule 8210, that Mr. LaBelle produce information and documents. Through his counsel’s email to FINRA on July 9, 2021, and by the AWC agreement, Mr. LaBelle acknowledged that he received FINRA’s request and would not produce the requested information or documents at any time.
By refusing to produce information and documents as requested pursuant to FINRA Rule 8210, Mr. LaBelle violated FINRA Rules 8210 and 2010.
FINRA Rule 8210(a)(1) states, in relevant part, that FINRA may require a person subject to its jurisdiction “to provide information orally, in writing, or electronically…with respect to any matter involved in [a FINRA] investigation….” FINRA Rule 8210(c) also specifies that “[n]o…person shall fail to provide information…pursuant to this Rule.” A violation of FINRA Rule 8210 is also a violation of FINRA Rule 2010, which requires associated persons to “observe high standards of commercial honor and just and equitable principals of trade.”
Jason LaBelle (CRD#: 5654529)
Mr. LaBelle has 10 years of experience in the securities industry. Mr. LaBelle first became registered with FINRA in 2009. He was registered as a General Securities Representative through an association with LPL Financial LLC (CRD No. 6413) from June 2015 until December 20, 2019, when LPL filed a Uniform Termination Notice For Securities Industry Registration (Form U5), terminating his registration with the firm.
How to Recover Losses or Obtain a Free Consultation
If you have lost money with Jason LaBelle, or LPL Financial LLC, contact FINRA arbitration lawyer Jorge Altamirano of Iorio Altamirano LLP at jorge@ia-law.com or toll-free at (855) 430-4010 for a free and confidential evaluation of your account.
Iorio Altamirano LLP is a securities arbitration law firm based in New York, NY. We pursue FINRA arbitration claims nationwide on behalf of investors to recover financial losses arising out of wrongful conduct by financial advisors and brokerage firms.