According to the Financial Industry Regulatory Authority, Inc. (FINRA) public records, Nina Sue Jessee has Twenty disclosed customer disputes. FINRA registers and regulates brokers and brokerage firms.
While a claim from 2002 closed with no action and a claim from 2010 was denied, ten claims filed between September 2010 and February 2017 settled resulting in significant recoveries to her customers. Additionally, eight claims filed between December 2017 and April 2018 are pending and request alleged damages exceeding $1,000,000.
Claims allege Jessee’s customers suffered losses from Jessee recommending unsuitable investments to customers. Most customers claim they were unsuitably recommended real estate securities.
Nina Sue Jessee was employed by Investors Capital Corp. from February 1993 through October 2016 and by Cetera Advisors LLC from October 20016 through November 2017. Cetera disclosed Jessee voluntarily resigned from her position on November 10, 2017 after she violated its policies by not disclosing outside business activities.
Brokers have a duty to recommend only suitable investments to their customers. Suitability is based on factors such as a customer’s age, investment objectives and experience, risk tolerances, and financial status and needs. Brokerage firms have a duty to reasonably supervise their brokers, which includes ensuring the brokers do not recommend unsuitable investments. When those duties are violated, customers of brokers and brokerage firms have the right to claims for their losses.
If you suffered losses in while investing with Nina Sue Jessee, Marquardt Law Office LLC is interested in speaking with you. Contact the firm to speak to a securities attorney and get a free case evaluation.
Marquardt Law Office LLC is a securities law firm that represents investors nationwide who have suffered losses due to misconduct such as fraud and negligence.
Information about Nina Sue Jessee was based on his FINRA BrokerCheck records accessed on June 12, 2018.
