Brian Patrick Jack (CRD#2569773)

The Securities Lawyers at Halling & Cayo, S.C. are looking into potential claims against Brian Patrick Jack (CRD#2569773) regarding allegations made regarding the following:

Claim(s) Made Against Brian Patrick Jack:

Claim Date: 3/18/2024

“Allegation: Stolen funds/securities Allegation from [REDACTED]: I ended my relationship with Brian Jack in the middle of June 2023. He was no longer managing my portfolio. He said that as a Schwab broker, he would advise me the amount of my 2023 required minimum distribution and would be happy to make transfers from Schwab to a credit union. We agreed I would make all trades and be responsible for all buys and sells of investments. Brian would no longer be receiving commissions from my account. Per a conversation with Liam Stros at Schwab, Brian has illegally received monthly commissions totaling approximately $10,000 since June 2023. Brian never informed Schwab that our business relationship ended. Brief summary of events related to the allegation(s) including dates when activities leading to the allegation(s) occurred: I had multiple meetings with Ms. [REDACTED] starting in December 2022 to discuss the relationship and services to be provided. In June 2023, with a phone discussion on first quarter fees, [REDACTED] mentioned she would want to continue to work with me but did not want to pay the fee from the first quarter. I offered to reduce the fee schedule to the firm minimum .25% on the assets in the account and she agreed. Pinnacle Peak bills in arears so the fee reductions from .50% to .25% started at the beginning of the second quarter, which was 4/1/2023. During the period of June 2023 to January 2024, I continued to manage the account as normal. In January 2024, I noticed the delinked account on Alerts and called [REDACTED] to find out what was wrong. She wanted to manage the account on her own. She did not want the ongoing fee to service and manage the account. I notified [REDACTED] that I could not reduce the fee any lower than the .25% the accounts were being charged after the first reduction as of 4/1/2023. I also made her aware that delinking the account would mean that I would no longer be able to work with her. Soon after, I received a voice message from “[REDACTED]“ (No complete name or number left on the message) that he was speaking on behalf of [REDACTED] who stated she was unhappy and felt the fees were not fair and that [REDACTED] would be filing a complaint with the SEC. On January 10th, 2024, I called [REDACTED] to let her know about the message and asked her what I had done wrong. I additionally asked her what I could do to make her feel whole. She told me that she appreciated all of the work I did with the management of the assets, consolidation of the accounts, RMD and distribution processing, but she would feel better if I reversed the fees on all three accounts from 10/1/2023-1/1/2024. That included the billing period of 7/1/2023-12/31/2023 (6 Months) which totaled $3,116.40. I told [REDACTED] that I would mail a check. I asked her again if that was what she thought was fair and she said yes. She also agreed to contact the SEC and withdraw the complaint. As a courtesy to Ms. [REDACTED] and in order to appease any negative experience, Pinnacle Peak is willing to further adjust billing to annul the advisory fee paid by Ms. [REDACTED] for 50% of the month of June ($257.70).”

This claim, as of this posting, is currently Pending with a claim amount of $10,000.00 .

See more information on FINRA’s BrokerCheck site for Brian Patrick Jack.

Were you a client of Brian Patrick Jack?

If you had a negative experience or issue with Brian Patrick Jack, the Securities Lawyers at Halling & Cayo, S.C. may be able to help you. Brokerage firms have a duty to supervise all registered representatives, such as Brian Patrick Jack, and ensure that they follow all securities rules and regulations and internal policies. Liability for the losses sustained by its customers extends to the Brokerage Firm that the broker was registered with at the time of the breach of his/her standard of care. (We explain in more detail in our video, Do you dare sue your broker?.)

The investment recovery lawyers at Halling & Cayo S.C. bring claims on behalf of individual investors or groups of investors who have lost funds. Most of these customers have signed FINRA arbitration agreements that outline the process for resolving disputes, including claims for investment loss recovery. (See our discussion of FINRA in our video, Is FINRA a good thing?.) As the SEC advises, it is important to find an attorney who has experience handling securities complaints. If you were a customer of Brian Patrick Jack and experienced investment losses, please get in touch with the Securities Lawyers. We only receive payment if we can recover your money. Please note that there may be time limits or statutes of limitations that apply to your claim, so it is important to contact an attorney as soon as possible.


Contact The Securities Lawyers

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Sean M. Sweeney is a shareholder at Halling and Cayo, a full service law firm in Milwaukee, WI and the head of its Securities Litigation team.

He represents individual and institutional investors in FINRA arbitration and court nationwide. He recovers investment losses from fraud or breach of duty from their broker-dealer.

Contact him at (414) 755-5020 or via e-mail at SMS@hallingcayo.com to see if he can help recover your funds.