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Broker Misconduct Investigation: Jon Urbach (Fidelity Brokerage Services)

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Updated on: August 20, 2024

National investment loss lawyers KlaymanToskes is investigating broker Jon Urbach of Fidelity Brokerage Services (CRD #5308455).

According to FINRA BrokerCheck, broker Jon Urbach of Fidelity Brokerage Services is currently facing an investor dispute filed on July 2, 2024, alleging that he made an improper referral to an unaffiliated advisor, with the investor seeking $426,273 in damages.

Investors that suffered losses with broker Jon Urbach are encouraged to contact attorney Lawrence L. Klayman, Esq., at 888-997-9956 or by email at investigations@klaymantoskes.com to discuss recovery options. We do not collect attorney’s fees unless we are able to obtain a financial recovery for you.

Investment Losses with Broker Jon Urbach?

Investment Losses with Broker Jon Urbach?

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Fidelity Broker Jon Urbach Faces Investor Dispute

Jon Urbach, a broker working with Fidelity Brokerage Services, is currently involved in a dispute with an investor. The investor alleges that Urbach gave a bad referral to an advisor who is not affiliated with Fidelity. The investor is seeking to recover $426,273 in damages.  

Over his 17-year career, Urbach has worked with four different firms: Fidelity Brokerage Services (CRD #: 7784), Fidelity Personal and Workplace Advisors (CRD #: 288590), Strategic Advisors (CRD #: 104555), and Fidelity Investments Institutional Services Company (CRD #: 17507).

Signs Investors Should Look Out For About Their Brokerage Accounts

As an investor, there are a few signs that you should look out for if you believe you may have a claim against broker Jon Urbach. These signs could potentially indicate misconduct, negligence, or investment fraud. Investors are encourage to contact our firm immediately if you have experienced any of the following:

  • You have substantial losses in your investment accounts
  • You received a call, email, or other communication from your broker’s supervisor or manager regarding your portfolio
  • Your broker misrepresented investment opportunities, or failed to disclose details about investments
  • You notice unauthorized transactions in your investment accounts
  • Your broker is not returning your calls or emails
  • You filed a complaint with your brokerage firm that has not been resolved
  • You see a mistake on your statement, or receive a fraudulent statement

Some investors have close relationships with their brokers due to the time and trust built over the course of their investment relationship. However, it is crucial to remember that financial decisions should be based on careful analysis and due diligence rather than solely relying on personal relationships.

Engaging the services of an experienced securities attorney to evaluate your specific circumstances is strongly advised. At KlaymanToskes, our team of experienced securities attorneys has a deep understanding of this complex area of law, allowing us to provide invaluable insight and tailored guidance that directly addresses your individual needs.

If you suffered losses with broker Jon Urbach, or have concerns regarding your investment portfolio at Fidelity Brokerage Services, contact KlaymanToskes at 888-997-9956 or fill out a short contact form for a free and confidential consultation.