FINRA Broker Check: Jacob Robert Craton

Jacob Robert Craton CRD

Disclosure Events

The Following Types Have Been Reported:

• 1 Regulatory Event
• 1 Customer Dispute
• 1 Termination

Regulatory Event

Reporting Source: Regulator

Employing Firm: UBS Financial Services INC

Allegations: Findings stated that Craton deprived the firm of the opportunity to act in accordance with its system and procedures by changing the terms of an order to bypass principal review and approval

MONETARY SANCTIONS: $5,000

Pending Customer Disputes

Reporting Source: Firm

Employing Firm: UBS Financial Services INC

Allegations: Misrepresented stock and short option positions, and that the recommendation of those positions were inconsistent with his investment objectives, risk tolerance and financial resources

Alleged Damages: $499,000

• Docket/Case: 16-03754
• # Date Notice: 01-04-17

Employment Separation After Allegations

Reporting Source: Firm

Employing Firm: UBS Financial Services INC.

Allegations Alleged Damages: Mr. Craton’s employment was terminated on July 30th 2012 when management lost confidence in his ability to perform the responsibilities of his role.

• Docket/Case: 17-00474
• # Date Notice: 02-17-17