At Haselkorn & Thibaut, a national investment fraud law firm with over 50 years of combined experience and a 98% success rate, we have launched an independent investigation into financial advisor Jacob Lee Harper (CRD #4258319), formerly associated with LPL Financial LLC and other major firms.
This in-depth report provides investors with key background information, regulatory details, and important steps to take if you invested with or received financial advice from Jacob Harper.
Who Is Financial Advisor Jacob Lee Harper?
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Jacob Lee Harper is a former LPL Financial advisor and registered broker whose career spans several major firms. According to FINRA, Harper has worked at:
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LPL Financial LLC (Laguna Niguel, CA)
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D.A. Davidson & Company (Newport Beach, CA)
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Wells Fargo Clearing Services
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Bancwest Investment Services
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U.S. Bancorp Investments
Public records indicate that Jacob Harper is no longer registered as a broker or investment advisor. His BrokerCheck report lists no customer disputes, yet a recent FINRA disciplinary action suggests significant compliance and ethical issues that may have affected clients.
Investors who worked with Jacob Harper at LPL Financial or his previous firms should review their accounts for irregularities or unexpected losses.
FINRA Action Against Jacob Harper
Recent filings show that FINRA sanctioned Jacob Lee Harper for activities involving firm policy violations and potential ethical breaches.
| Issue | Details |
|---|---|
| Regulatory Sanction | FINRA imposed a suspension and a monetary fine against Jacob Harper. |
| Allegations | The action involved claims of borrowing money from clients, maintaining outside accounts, and providing inaccurate responses to regulators. |
| Rules Involved | Violations cited under FINRA Rules 3240 (borrowing from customers), 2010 (ethical conduct), and 3210 (account supervision). |
| Registration Status | Jacob Harper is not currently registered with any FINRA-member firm. |
While there are no current investor complaints listed, these regulatory findings point to serious lapses in professional standards and oversight.
Red Flags and Investor Concerns
Even if you have not filed a formal complaint, there are several warning signs every investor should know if they worked with Jacob Harper:
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Borrowing from clients can lead to conflicts of interest and potential misuse of funds.
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Opening or managing accounts outside firm supervision can indicate “selling away,” a violation that often results in investor losses.
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Frequent firm changes—from Wells Fargo to D.A. Davidson and finally LPL Financial—can signal underlying issues with compliance or supervision.
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Regulatory sanctions without client complaints can still indicate undisclosed risks or policy violations.
If you received investment advice, account management, or portfolio recommendations from Jacob Harper, it is essential to ensure those investments were handled according to FINRA and SEC rules.
How Investors Can Protect Themselves
If you worked with Jacob Lee Harper at LPL Financial or another firm, take the following steps:
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Review your statements – Check for any unauthorized trades, loans, or account activity outside your firm.
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Request written disclosures – Confirm that all transactions were approved and compliant with firm policies.
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Assess investment suitability – Determine whether your portfolio aligns with your goals, age, and risk tolerance.
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Consult a securities attorney – A law firm like Haselkorn & Thibaut can review your case confidentially and identify potential claims for recovery.
Why Investors Choose Haselkorn & Thibaut
Haselkorn & Thibaut is a national law firm focusing exclusively on investment fraud and securities arbitration. We have helped thousands of investors recover millions of dollars from major broker-dealers, including LPL Financial, Wells Fargo, and other large firms.
Our firm offers:
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Over 50 years of combined legal experience in securities law
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A 98% success rate in investor recovery cases
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A No Recovery, No Fee policy — you pay nothing unless we win your case
If you suspect you suffered losses under Jacob Harper’s advice, you may be entitled to compensation through FINRA arbitration or other legal remedies.
Free Consultation for Clients of Jacob Lee Harper
Haselkorn & Thibaut is actively investigating potential investor losses tied to Jacob Lee Harper (CRD #4258319) and LPL Financial LLC.
We help investors understand whether they may have been affected by:
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Unsuitable investment recommendations
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Failure to supervise by LPL Financial
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Breach of fiduciary duty or negligence
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Unauthorized or undisclosed outside activities
Our attorneys will:
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Review your portfolio and trade history
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Identify possible violations of FINRA or SEC regulations
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Evaluate your potential claims for recovery
Consultations are free and confidential.
Call Haselkorn & Thibaut at 1-888-885-7162 to schedule your free investor case review today.
Final Thoughts
The case of Jacob Lee Harper, formerly with LPL Financial, highlights why investors must remain vigilant about their advisors’ compliance and conduct. Regulatory sanctions like these don’t always appear on the surface—but they can reveal deeper issues with firm supervision and client protection.
If you worked with Jacob Harper and are unsure whether your investments were managed properly, contact Haselkorn & Thibaut. Our experienced securities attorneys can help you review your portfolio, understand your rights, and recover potential losses.
Call 1-888-885-7162 today or visit investmentfraudlawyers.com to start your free, confidential consultation.
