Raul JacobsIllinois-based Waddell & Reed broker Raul Jacobs Has been barred from the securities industry. The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Jacobs (CRD# 6004416).

Raul Jacobs has spent three years in the securities industry and was most recently registered with Waddell & Reed in Orland Park, Illinois (2012-2015). He was previously registered with MetLife Securities in Orland Park, Illinois (2012). He is currently not registered with any state or firm.

According to his BrokerCheck report, Raul Jacobs is the subject of one regulatory sanction and was discharged from T2 Asset Management.

In November 2015 the State of Illinois barred Raul Jacobs following allegations he “confessed to stealing client funds for his own use” while employed at T2 Asset Management, LLC. He was issued a permanent bar from acting as a securities representative in any capacity, which went into effect on February 23, 2016.

In October 2015 Raul Jacobs was discharged from his position at T2 Asset Management, LLC following allegations he “failed to disclose he had power of attorney over a client account held away from the firm.”

If you or someone you know has lost money investing with Raul Jacobs or T2 Asset Management, call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup your losses. Fitapelli Kurta accepts all cases on a contingency basis: Fitapelli Kurta if and when you collect money. Time to file your claim may be limited, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.

All information in this article made public by FINRA on April 18, 2016.