Haselkorn & Thibaut, a national investment fraud law firm, has opened an investigation into Nashville, Tennessee-based financial advisor Jason Price Lamb (CRD# 3248356), currently registered with Arete Wealth Management, LLC. As an investor, it’s crucial to understand recent developments in his regulatory record, recognize potential red flags, and know how to protect your interests if you believe you have suffered losses due to investment recommendations. If any of these issues sound familiar or you have questions about your investments with Jason Lamb, Haselkorn & Thibaut is offering a free, confidential consultation — call 1-888-885-7162.
Summary of Jason Price Lamb’s Regulatory Record
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With 25 years of experience, Jason Lamb has worked at multiple broker-dealers, most recently with Arete Wealth Management, LLC in Nashville, Tennessee. His career spans five firms, but the most notable period is the recent surge in customer complaints and a historical regulatory action. Investors should be aware of the following highlights:
- 11 total disclosures on his record.
- 10 customer disputes filed in 2024 — the majority occurring within a single four-month window.
- 1 regulatory action (2014) involving failure to supervise the sale of illiquid, high-risk investments.
Detailed List of Complaints Filed Against Jason Lamb
Below is a comprehensive table of the recent customer disputes, illustrating the nature and outcomes of each complaint. All were filed in 2024 and focus largely on allegations of unsuitable investment recommendations.
| Date | Status | Allegation | Damages Requested | Settlement | Broker Comment |
|---|---|---|---|---|---|
| December 2, 2024 | Pending | Unsuitable investment recommendation | $100,000 | Pending | Denied making recommendations or sales; claims being named due to former broker-dealer going out of business. |
| November 8, 2024 | Settled | Unsuitable investment recommendation | $250,000 | $3,000 | Same as above. |
| August 23, 2024 | Settled | Unsuitable investment recommendation | $110,000 | $110,000 | Same as above. |
| August 23, 2024 | Settled | Unsuitable investment recommendation | $86,000 | $6,000 | Same as above. |
| August 23, 2024 | Settled | Unsuitable investment recommendation | $105,000 | $8,250 | Same as above. |
| August 23, 2024 | Settled | Unsuitable investment recommendation | $100,000 | $100,000 | Same as above. |
| August 23, 2024 | Settled | Unsuitable investment recommendation | $100,000 | $100,000 | Same as above. |
| August 23, 2024 | Settled | Unsuitable investment recommendation | $220,000 | $8,250 | Same as above. |
| August 23, 2024 | Settled | Unsuitable investment recommendation | $184,000 | $8,250 | Same as above. |
Total damages requested across the settled August 2024 disputes alone: $1,015,000, with settlements totaling $349,750 (approx. 34.5% of requested amounts).
In all instances, Jason Lamb consistently stated that he did not make any recommendations or sales to these clients, suggesting he was named due to association with a former broker-dealer that is no longer operational.
Regulatory Action: Historical Supervision Concerns
Beyond the customer complaints, there is a noteworthy regulatory action from 2014. According to public records:
- FINRA sanctioned Jason Lamb for failure to supervise sales of high-risk alternative investments (approx. $770,000 involved, nine customers affected).
- A $10,000 fine was paid, and Lamb was suspended from all principal capacities for two months.
- Issues cited included not addressing red flags or confirming suitability of high-risk debentures for customers.
Professional Background: Arete Wealth Management, LLC and Career Track
Jason Price Lamb currently operates as a registered broker with Arete Wealth Management, LLC in Nashville, TN, since February 2021. His previous experience includes:
- 14 years at Center Street Securities, Inc. (2009-2023)
- 7 years at ProEquities, Inc. (2002-2009)
- Earlier roles at two additional firms (1999-2001)
For more, view his FINRA profile at FINRA BrokerCheck.
Red Flags Investors Should Consider
- Recent Surge in Complaints: 10 client disputes in 2024—many on the same day—signals a noteworthy pattern.
- Alleged Unsuitable Investments: Each complaint references unsuitable investment recommendations, often linked to products that ultimately failed.
- Substantial Settlements: Total settlements in 2024 exceed $350,000, reflecting possible compensation for client losses.
- Historic Regulatory Action: FINRA’s 2014 findings specifically cite Lamb’s supervisory lapses involving high-risk, illiquid products.
If you have worked with Jason Lamb or Arete Wealth Management, LLC and have concerns about your investments or believe your losses were caused by unsuitable investment recommendations, you are not alone.
Protecting Your Interests: What You Can Do
Haselkorn & Thibaut is a national law firm that focuses exclusively on investment fraud cases. With over 50 years of experience, a 98% success rate, and millions recovered for clients, they offer no recovery, no fee representation. Their team is investigating Jason Lamb and is available to review your accounts at no cost to you. If you have suffered losses, you may be able to recover those funds through FINRA arbitration or direct action against the advisor or broker-dealer.
If you have questions or want to discuss a possible claim related to Jason Price Lamb or investments with Arete Wealth Management, LLC:
