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January 21, 2026
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2024081346101 Jonathan M. Webster CRD 1286778 AWC ks.pdf
From November 2023 to December 2023, Webster recommended that 19 of his customers, at least 13 of whom were seniors, implement a short-term strategy that involved buying stocks in commission-based brokerage accounts rather than in the customers’ existing fee-based advisory accounts at a lower comparative cost. Webster did not have a reasonable basis to believe that buying the stocks at a greater cost in the brokerage accounts was in the customers’ best interests.