Last Updated: February 2025 (Bellevue, WA)
National securities fraud lawyers at Patil Law P.C. are investigating current Merrill Lynch broker Jason Lyle Weese (CRD #2288375) regarding allegations of failure to follow client instructions in equity trading accounts. The investigation stems from a recently settled customer complaint alleging serious misconduct in the handling of stock transactions between October and December 2024.
Critical Insights About Bellevue Financial Advisor Jason Weese
- Advisor Name: Jason L. Weese
- CRD: 2288375
- Current Location: Bellevue, WA
- Current Employer: Merrill Lynch, Pierce, Fenner & Smith Incorporated
- Classification: Registered Representative & Investment Adviser Representative
- Years of Experience: Since 1992
- Current Status: Active with Merrill Lynch
- Previous Employers: Morgan Stanley (2009-2016), Citigroup Global Markets (1993-2009)
- Professional Qualifications: Series 7, 63, 65, and SIE licenses
- Business Name: PBIG – Bellevue Private Wealth
- Licensed In: 32 states and territories
Details of Recent Settlement
A customer complaint filed in December 2024 alleged:
- Failure to follow trading instructions between October 7 and December 6, 2024
- Misconduct involving listed equity securities
- Damages sought exceeded $5,000
- Case settled for $15,245.67
- Potential violations of firm policies and industry regulations
Analysis of Alleged Misconduct
The allegations raise serious concerns about:
- Trade execution practices
- Following client instructions
- Communication with clients
- Account handling procedures
- Supervision of equity transactions
- Compliance with firm policies
- Protection of client interests
Regulatory Framework and Investor Protection
SEC Regulation Best Interest (Reg BI) requires:
- Accurate execution of client instructions
- Clear communication with clients
- Proper documentation of trades
- Client consent for transactions
- Protection of client interests
- Compliance with firm procedures
FINRA Rules and Their Significance
FINRA Rule 2010 mandates:
- High standards of commercial honor
- Ethical business practices
- Truthful communications
- Proper documentation
- Client authorization
- Accurate records
Professional Background
Mr. Weese’s career includes:
- Entry into securities industry in 1992
- Seven-year tenure at Morgan Stanley
- Previous position at Citigroup Global Markets
- Current role at Merrill Lynch since 2016
- Multiple state licenses
- Investment adviser registration
Red Flags For Investors
- Recent settled complaint
- Trading authorization issues
- Execution concerns
- Client instruction allegations
- Documentation questions
- Settlement amount over $15,000
- Multiple state registrations
- Complex product experience
Implications For Current And Former Clients
Current and former clients should:
- Review all account documentation
- Verify trade executions
- Examine account statements
- Check transaction histories
- Monitor account activity
- Document communications
- Verify trade confirmations
- Review portfolio changes
- Consider independent review
Patil Law P.C. Will Help You Recover Your Investment Losses
If you have concerns about unauthorized transactions or failures to follow instructions in your account handled by Mr. Weese, please contact Attorney Patil online or call (800) 950-6553 for a free initial consultation. Our securities fraud attorneys work on a contingency fee basis, meaning we only get paid if we help you recover money.
This blog post is for informational purposes only and does not constitute legal advice. Past performance is not indicative of future results. Investing involves risk, including the potential loss of principal.
