Clyde Jensen (CRD #: 5658476), a Tampa, Florida broker registered with TD Private Client Wealth, is the subject of a FINRA regulatory action, according to his BrokerCheck record, accessed on March 24, 2021. The regulatory action involves allegations of unethical practices – keep reading for more detail.
On February 26, 2021, Clyde Jensen was named as a respondent in a FINRA complaint alleging that he acted unethically by circumventing his member firm’s policies. Specifically, the policies that prohibit brokers from being designated as beneficiaries of an investor’s trust. The investor was a widow in her 90s.
In 2017, Jensen told his firm that one of his investors wanted to name him as a beneficiary of an account worth approximately $600,000. His firm denied his request. Despite this denial, Jensen took steps to circumvent his firm and met with an attorney to facilitate his status as a beneficiary. After the investor’s death in 2018, Jensen attempted to have securities from her account transferred to an account he controlled, but his firm rejected the transfer. At the time, the securities were worth $833,735.35. Jensen then resigned from the firm. Despite his status as an investor’s beneficiary, in 2018 Clyde Jensen submitted an Annual Attestation stating he would immediately contact his supervisor if he became aware of a prohibited beneficiary relationship.
The FINRA action against Clyde Jensen is pending. You can read a copy of the disciplinary action here.
Clyde Jensen has passed the Series 66 Uniform Combined State Law Examination, the Securities Industry Essentials Examination, and the Series 7 General Securities Representative Examination. He is a registered investment adviser and broker in Florida.
During his 11 years of experience, Clyde Jensen has worked for six firms:
- TD Private Client Wealth (CRD #: 164484)
- Woodstock Wealth Management (CRD #: 283472)
- Woodstock Financial Group (CRD #: 38095)
- Ameriprise (CRD #: 6363)
- Morgan Stanley (CRD #: 149777)
- Edward Jones (CRD #: 250)
If you have worked with Clyde Jensen and you have concerns about his conduct as a broker, don’t hesitate to contact the securities attorneys of Fitapelli Kurta. Call (877) 238-4175 or email email@example.com for a free case consultation with a securities attorney.