Indiana Broker Jason Michael Poschinger Suspended by FINRA for Taking Confidential Client Data

When investors hand over their personal information, they expect it to be protected — not used for a broker’s own gain. On March 27, 2025, FINRA sanctioned former Indianapolis-based broker Jason Michael Poschinger (CRD #6450544) after finding he misused confidential client data for personal gain.

According to FINRA, Poschinger downloaded confidential customer data from his former firm, shared it with a competing brokerage, and used it to solicit clients after accepting a job with the new firm. As part of the settlement (FINRA Case #2021073173701), Poschinger accepted a $20,000 deferred fine and a six-month suspension from associating with any FINRA member firm.

How Confidential Data Was Misused

According to FINRA, between September and November 2021, while registered with OneAmerica Securities, Inc., Poschinger downloaded confidential data from his firm’s systems tied to more than 1,300 customer accounts. The files contained highly sensitive information, including names, Social Security numbers, phone numbers, addresses, birth dates, account numbers and account values.

FINRA found that Poschinger sent the data to two personal email addresses and shared it with a competing FINRA member firm, where he had already accepted employment. He later used the customer information to contact former clients and solicit them to move their accounts to his new firm.

Poschinger also made multiple false statements during the process. He signed an affidavit claiming he had deleted the data and had not shared it, despite having already transmitted it and retained copies. To his new firm, he misrepresented the source of the customer information, falsely stating that it was publicly available when it wasn’t.

Additionally, FINRA determined that Poschinger opened several outside brokerage accounts without obtaining the required prior written consent from his firm. This conduct violated FINRA Rule 2010, which requires brokers to uphold high standards of commercial honor and act with just and equitable principles of trade.

In a March 27, 2025, settlement order, FINRA imposed a $20,000 deferred fine and suspended Poschinger from associating with any FINRA member firm for six months, effective April 7 through October 6, 2025. Poschinger resolved the matter without admitting or denying the findings.

Poschinger’s Background & Credentials

Poschinger built a career in the securities industry spanning nearly a decade, working with several brokerage firms before the recent FINRA action. His registration history includes:

• Cetera Investment Services LLC (2023-2024)
• Pruco Securities, LLC (2021-2023)
• OneAmerica Securities, Inc. (2017-2021)

Previous roles with Cetera Advisors LLC and Charles Schwab & Co., Inc. also contributed to his industry experience.

Throughout his career, Poschinger obtained multiple licenses, including the Series 7, Series 63, Series 65 and Securities Industry Essentials (SIE) exams. He is not currently registered with any FINRA member firm.

What Investors Can Learn From This Case

Mishandling confidential customer data is a serious breach that erodes trust and exposes clients to significant risks, including identity theft and unauthorized solicitation. While these situations can be hard to detect, certain warning signs may suggest your advisor isn’t following industry rules or firm policies:

• Unexplained requests to transfer your accounts or move assets
• Sudden changes in communication or account reporting from your advisor
• Limited or vague explanations about how your personal data is stored or handled

To protect yourself, regularly review your account statements, ask for written explanations on how your information is used and report any suspicious activity to regulators.

Speak With an Experienced Securities Attorney Today

If you believe your personal information or investments may have been mishandled by Jason Michael Poschinger or another financial professional, you don’t have to navigate the situation alone.

Sonn Law Group represents investors nationwide in cases involving data misuse, broker misconduct and regulatory violations. Our attorneys fight to protect your rights and pursue financial recovery through FINRA arbitration and other legal avenues. We work on a contingency fee basis, meaning you pay nothing unless we successfully recover compensation on your behalf.

To schedule a free consultation, call 833-912-3000 or complete our online contact form.