According to FINRA, Jason Brooks Head has been barred from association with any FINRA member in all capacities for converting over $498,000 from two customers for his personal use.

Head withdrew at least $231,733 from five brokerage, advisory, and line of credit accounts belonging to one customer. He primarily wired funds to accounts he controlled at other banks and initiated ACH transfers to directly pay his expenses. The customer was not aware of and did not authorize these withdrawals.

Head also withdrew at least $267,000 from a liquidity access line of credit belonging to a second customer, depositing the funds in his own bank accounts. This customer did not authorize seven of these withdrawals.

For one additional $80,000 withdrawal, Head persuaded the second customer to authorize the transfer by falsely claiming there was an opportunity to invest in a company's IPO. The purported IPO did not exist, and Head deposited the funds in his own account.

This case represents egregious misconduct involving theft from customers through unauthorized transfers and outright fraud. Investors should regularly review their account statements and question any transactions they did not authorize. If you suspect unauthorized activity, contact your firm and FINRA immediately.