Cetera Wealth Services Advisor Jonathan Prestridge Under Investigation by Law Firm

Jonathan R. Prestridge (CRD 4554166) — Cetera Wealth Services Advisor Under Review

Haselkorn & Thibaut, a national law firm specializing in investment fraud and securities arbitration, has opened an investigation into Baton Rouge, LA-based financial advisor Jonathan R. Prestridge of Cetera Wealth Services, LLC. If you are a client, former client, or concerned investor who has questions about your investments or account activity with Jonathan R. Prestridge, now is the time to get informed, review the facts, and consider your options. Haselkorn & Thibaut offers free consultations — call 1-888-994-8066.

Who is Jonathan R. Prestridge (CRD 4554166)?

Jonathan Robin (R.) Prestridge is a registered financial advisor and stockbroker based in Baton Rouge, Louisiana. He has been employed by Cetera Wealth Services, LLC (broker-dealer) and is also registered as an investment adviser representative with Cetera Investment Advisers LLC, operating from their office at 9026 Jefferson Highway, Suite 103, Baton Rouge, LA 70809. Mr. Prestridge has held his current registrations since February 20, 2025.

His professional background includes:

• Prior Affiliations:
  • Concourse Financial Group Securities, Inc. (2012–2025)
  • Centaurus Financial, Inc. (2002–2012)
• Certifications: CFP, SIE, Series 7, Series 66 licenses
• Business Interests: Prestridge Financial Management (insurance/financial services) and Prestridge Tax Solutions (registered tax preparer, non-investment related), both based at the Baton Rouge office.

Current Regulatory Standing & BrokerCheck Insights

As of the most recent records, Jonathan R. Prestridge holds a clean regulatory history with no SEC or FINRA disciplinary actions, suspensions, or censures. He remains a registered financial advisor in good standing. His full disclosure information can be verified on FINRA BrokerCheck.

Summary of Complaints, Lawsuits, and Regulatory Events

Transparency is crucial in evaluating your advisor. Here’s a clear summary, as of the most current public information (June 2024):

• Customer Complaints/Arbitrations:
  • One written customer complaint received May 2023 (while at Concourse Financial Group Securities, Inc.). The client alleged misrepresentation of a third-party managed investment program with claimed damages of $200,000.
  • Status: The matter was marked as settled with $0.00 paid to the customer; it did not result in a FINRA arbitration, and there is no disciplinary action recorded against Mr. Prestridge regarding this complaint.
• Civil Litigation:
  • No records of any securities-related lawsuits, court actions, or fines involving Mr. Prestridge.
• Regulatory Actions:
  • No SEC, FINRA, or state regulator enforcement or disciplinary proceedings.
• Arbitrations/Lawsuits:
  • No arbitrations, court-imposed penalties, or restraining orders on record.

Red Flags and Matters for Investor Consideration

• Customer Dispute (May 2023): Clients flagged concern over alleged misrepresentation involving a third-party managed account. The nature of this claim included elements often associated with claims of unsuitable recommendations, possible misrepresentation, and breach of duty, though in this case, there was no payout or regulatory sanction.
• No Regulatory Findings: There is no evidence, as of June 2024, of sanctions or official findings against Mr. Prestridge by regulatory bodies.
• Affiliation with Multiple Entities: Mr. Prestridge operates multiple business lines (including insurance and tax prep) at the same address. Investors should always understand how these parallel services interact with investment advice — especially if you are receiving cross-sold products or services.
• FINRA Arbitration Eligibility: As a registered representative of a FINRA member firm, investors may pursue FINRA arbitration in the event of disputes involving securities recommendations or account activity.

Investor Reminders: Why Does This Matter?

While a single customer complaint may or may not indicate a persistent problem, it is always worthwhile for investors to review their own accounts, clarify concerns, and understand the options available if any losses have occurred. Allegations of misrepresentation or unsuitable advice are common grounds for customer complaints, even if not all are substantiated with regulatory action or restitution payments.

Common compliance topics in disputes like these include:

• Suitability Obligations (FINRA Rule 2111; Regulation Best Interest)
• Breach of Fiduciary Duty in investment recommendations
• Misrepresentation or Omission of Material Facts
• Unauthorized Trading or Account Activity

Should You Be Concerned? What You Can Do Next

If you have worked with Jonathan R. Prestridge as your advisor at Cetera Wealth Services, Baton Rouge, LA, and experienced issues such as:

• Unexpected losses not aligned with your investment goals or risk profile
• Lack of clear communication or complex product recommendations
• Transactions or accounts you do not fully understand

It’s your right to ask questions, get a second opinion, and take action if you feel you have been treated unfairly.

Haselkorn & Thibaut: Experience, Success, and No Upfront Fees

Haselkorn & Thibaut (investmentfraudlawyers.com) brings 50+ years of combined experience, a 98% success rate, and millions recovered nationwide for investors. All cases are handled on a contingency basis — you pay nothing unless there is a recovery.

Call today for a free, confidential review at 1-888-994-8066. If you believe you may have suffered losses, don’t wait — learn more about your potential for recovery, your account history, and how a FINRA arbitration process could work for you.

Your opportunity for financial recovery begins with a conversation. If you have questions or concerns about investments with Jonathan R. Prestridge and Cetera Wealth Services, connect with an attorney at Haselkorn & Thibaut today. Your consultation is free and carries no obligation — you have nothing to lose and potentially much to gain.