FINRA

Without admitting or denying the findings, Jacobsen consented to the sanction and to the entry of findings that he refused to provide documents and information requested by FINRA in connection with its investigation of the circumstances surrounding his termination from his member firm. The findings stated that the firm filed a Form U5 stating that it had discharged Jacobsen due to concerns that he submitted transactions under production numbers that were inconsistent with an agreement with another representative resulting in a shortfall of revenue credited to the other representative.

Acceptance, Waiver & Consent(AWC)

Bar (Permanent)

All capacities

Indefinite

7/19/2023

MSSB

Discharged

Allegations that the representative submitted transactions under production numbers that were inconsistent with agreement with another representative resulting in a shortfall of revenue credited to the other representative.

CLIENT'S ATTORNEY ALLEGES UNSUITABILITY WITH RESPECT TO INVESTMENTS - APRIL 2011 - MARCH 2016. DAMAGES UNSPECIFIED.

CLAIMANT HAS ALLEGED IMPROPER HANDLING OF ACCOUNTS. THE TIME PERIOD APPEARS TO BE FROM FEBRUARY 2000 THROUGH FEBRUARY 2003.

$29,000.00

$9,999.00

FC WAS DISMISSED FROM THE CLAIM WITH PREJUDICE AS PART OF THE SETTLEMENT, AND FC WAS NOT REQUIRED TO CONTRIBUTE TO THE SETTLEMENT, WHICH WAS FOR A NOMINAL AMOUNT AND WHICH WAS PAID BY THE FIRM TO AVOID THE COSTS OF LITIGATION.