Newport Beach - Israels & Neuman, PLC

Jacob Harper of D.A. Davidson is Suspended for Borrowing Money

Israels & Neuman, PLC — Tue, 25 Nov 2025 21:35:09 GMT

Did you loan money to, or invest with Jacob Harper of D.A. Davidson? Israels & Neuman is looking into allegations involving Jacob Lee Harper, who was a representative with D.A. Davidson and worked in a Newport Beach, California office.

Allegations Against Jacob Harper

According to a FINRA regulatory action, Jacob Harper borrowed $50,000 from two customers of D.A. Davidson (who were also friends of Harper) in November 2024 and January 2025. Generally, advisors cannot borrow money from customers without prior firm approval and under limited circumstances, under FINRA Rule 3270. Harper allegedly returned $3,000 to one customer but has not returned any money to the other customer.

Additionally, FINRA alleged that Harper established three securities trading accounts outside of D.A. Davidson without getting prior permission. To settle these allegations, Harper agreed to a 22-month suspension from the securities industry and a fine of $17,500.

Background on Jacob Harper

Jacob Harper was licensed with D.A. Davidson from September 2023 to March 2025 at a Newport Beach, California office. Harper was also previously licensed with LPL Financial, Wells Fargo, and other firms. Harper also ran a firm called Harper Private Wealth.

Can D.A. Davidson Be Responsible for Losses?

FINRA Rule 3110 requires securities brokerage firms like D.A. Davidson to adequately supervise the activity of its advisors. D.A. Davidson could be responsible for investor losses if it failed to reasonably supervise him.

We Help Investors in California

We represent investors throughout the United States including California, who have been victims of broker misconduct, unsuitable investment recommendations, and fraud. We have represented numerous investors in California in the past. If you were a client of Jacob Harper and believe he acted improperly, you may be entitled to recover losses through FINRA arbitration.

Contact Us for a Free Case Evaluation

We offer contingency fee representation, meaning you pay nothing unless we recover money for you!

Call us today at (720) 599-3505 or (206) 795-5798 or fill out our contact form to learn more about your rights.

THERESA ALLEN OF RBC CAPITAL SUBJECT OF COMPLAINTS

Israels & Neuman, PLC — Mon, 18 Mar 2024 15:04:56 GMT

First Republic Securities Stockbroker Theresa Allen Subject of Several Complaints

NEWPORT BEACH, CALIFORNIA Are you a client of financial advisor Theresa Allen, formerly with First Republic Securities, and now with RBC Capital in Newport Beach, California? The securities and investment fraud law firm of Israels & Neuman is reviewing claims made by customers of Theresa Allen.

According to FINRA, she has been the subject of five customer complaints, all of which have been made within the last year. Many of the complaints allege that she recommended unsuitable investments in First Republic Bank stock (common and preferred). When First Republic Bank had to sell itself to JP Morgan in May 2023, the value of the stock plummeted to nearly nothing.

From July 2010 to May 2023, Theresa Allen was a representative of First Republic Securities. She then joined RBC Capital Markets in May 2023 and is still there. She worked in a Newport Beach, California office.

Israels & Neuman has offices in Denver, Phoenix, Seattle, and Ann Arbor, Michigan. We have recovered millions of dollars for investors, and have sued dozens of securities brokerage firms around the country.

View BrokerCheck Report HERE.

If you lost money with Theresa Allen or First Republic Securities, please Contact Us at 206-795-5798 for a free evaluation of your case.

ZACHARY TAYLOR of Oppenheimer in Newport Beach, CA is Discharged

Israels & Neuman, PLC — Fri, 09 Jun 2023 17:30:32 GMT

Zachary Taylor Discharged with Oppenheimer & Company

NEWPORT BEACH, CALIFORNIA

Are you a former client of financial advisor Zachary Taylor, formerly with Oppenheimer & Company in Newport Beach, California? We are reviewing allegations that appear on Mr. Taylor’s BrokerCheck report. Zachary Taylor was discharged by Oppenheimer & Company in May 2023.

According to BrokerCheck, Zachary Ellis Taylor was discharged because he “was unable to provide sufficient documentary evidence to support his contention that he had authority for all trades in a client’s account”. Additionally, Taylor is the subject of an April 2022 customer complaint, where a customer alleged that Taylor engaged in unauthorized trading and made unsuitable investment recommendations.

Generally, financial advisors must get approval to buy and sell securities before each transaction, unless they have written authority to engage in discretionary trading. Taylor was employed with Oppenheimer & Company from August 2020 to May 2023, working in an Newport Beach, California branch. Taylor also previously worked with Merrill Lynch.

Our securities arbitration and investment fraud law firm represents clients all over the country, including investors in California. We have represented over one thousand investors against numerous firms, including against Oppenheimer & Company.

View Taylor, z BrokerCheck 6.9.23