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Read MoreJon Best: Raymond James Advisor Faces Investigation
Henderson, Texas financial advisor Jon Best (CRD# 2225091) allegedly made unauthorized trades, according to an investor complaint and a regulatory investigation. Financial Industry Regulatory Authority records show that he is currently a broker and an investment advisor with Raymond James Financial Services, doing business as Best Financial Group.
Mr. Best’s BrokerCheck report discloses the recent FINRA investigation into his conduct. Filed in April 2024, it describes FINRA’s preliminary determination to recommend disciplinary action against him, alleging that he violated FINRA rules by making unauthorized trades and by submitting false attestations to his member firm. The action remains pending.
His BrokerCheck report also discloses one investor complaint. Filed in 2020, it alleged that as a representative of Raymond James Financial Services, he recommended unsuitable investments and engaged in unauthorized trading. In 2022 the complaint reached a settlement of $275,000.
According to the Financial Industry Regulatory Authority, Jon Best holds 32 years of securities industry experience. Based in Henderson, Texas, he has been registered as a broker and an investment advisor with Raymond James Financial Services since 2001 and 2009, respectively, doing business as Best Financial Group. His registration history includes PrimeVest Financial Services (St. Cloud, Minnesota; 1994-2001) and Aragon Financial Services (Irvine, California; 1992-1994). His credentials include the passage of five securities industry qualifying examinations: the General Securities Principal Examination, or Series 24; the Investment Company Products/Variable Contracts Representative Examination, or Series 6; the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; and the Uniform Securities Agent State Law Examination, or Series 63. He is licensed in Arizona, Arkansas, California, Colorado, Kentucky, Louisiana, Mississippi, New Mexico, New York, North Carolina, Oklahoma, Pennsylvania, Puerto Rico, South Carolina, Texas, and Virginia. (Information current as of April 21, 2024.)
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