UPDATE! Raul Jacobs and T2 Asset Management
Investigation of Raul Jacobs and T2 Asset Management
Have you lost money with financial advisor Raul E. Jacobs of Oakbrook Terrace, Illinois? We are investigating allegations made by the Illinois Securities Department, against Raul E. Jacobs. The Illinois Securities Department alleged that during the Summer of 2015, Jacobs stole money from a customer of his investment advisory firm, T2 Asset Management. He was alleged to have used the money to pay for his mortgage, credit card debt, and an online dating service.
In February 2016, the Illinois Securities Department permanently barred Raul Jacobs after he failed to respond to the complaint. Jacobs no longer has his securities license in Illinois.
Raul Jacobs was a financial advisor and registered representative of Waddell & Reed from May 2012 to March 2015. He worked at a branch office in Orland Park, Illinois. He was then affiliated with T2 Asset Management, in its Oakbrook Terrace office.
Brokerage firms and investment advisory firms have a responsibility to adequately supervise all representatives who are registered through their firm. Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies. When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.
Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado and the Seattle area. We represent investors in FINRA arbitration proceedings in all 50 states, including investors in Illinois. Attorneys Aaron Israels and David Neuman are both licensed to practice law in Illinois, and David Neuman lived in the Chicago area for over 30 years. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including LPL Financial, Merrill Lynch, Morgan Stanley, Smith Barney, Stifel Nicolaus & Company, UBS Financial Services, Oppenheimer, Charles Schwab, Wells Fargo Advisors, Ameriprise Financial Services, Raymond James, ProEquities, Securities America, National Securities Corp., and many others.
Click to view: Jacobs IL AWC
HAVE YOU LOST MONEY WITH RAUL JACOBS OR T2 ASSET MANAGEMENT?
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