Nina Jessee barred for refusing to cooperate with a FINRA investigation.
Nina Jessee, a registered representative from Abingdon, Virginia, formerly with Cetera Advisors and Investors Capital Corp., was barred from FINRA membership as a result of her refusing to cooperate with a FINRA investigation into her recommendation of alternative inestments, and allegations she engaged in outside business activities. After receiving notice from FINRA of the investigation Jessee, though her counsel, notified FINRA that she would not appear for an interview conducted by FINRA as part of their investigation. As a result of her refusal to cooperate, Nina Jessee was barred from FINRA in any capacity in June, 2019.
FINRA opened the investigation in December, 2018 as a result of a series of customer complaints that had been filed alleging overconcentration and suitability. In addition, as part of their investigation, FINRA was looking into Jessee’s sales of alternative investments, and whether she engaged in outside busieness activities.
Nina Jessee’s registration and disciplinary history
In order to lawfully sell investments to the public, one must either be registered or exempt from registration.
Nina Jessee was registered with Cetera Advisors from October, 2016 through November, 2017 and with Investors Capital Corp from February, 1993 through October, 2016.
According to FINRA’s CRD disclosure report, Jessee was the subject of 24 customer complaints, one employment termination after allegations, and one regulatory investigation.
FINRA is the primary regulator for broker dealers and registered representatives in the United States. FINRA’s role is to promulgate standards and practices for the brokerage industry and to ensure compliance with its rules by licensed entities and individuals.
FINRA has two primary ways to ensure compliance with the securities laws: by means of an enforcement unit that investigates and disciplines wrongdoing, and through the establishment of an arbitration forum where investors can resolve disputes against broker dealers. FINRA’s arbitration forum, FINRA Dispute Resolution is the largest arbitration forum in the country for resolving investor disputes, and typically processes over 10,000 filings annually.
The Law Office of David Liebrader practices exclusively in the field of investment loss recovery. For the past 24 years, we have dedicated our law practice to assisting investors who have been victims of investment fraud via unlawful and unsuitable investment transactions. During that time, we have recovered money for over one thousand individuals, pension plans, trusts, and companies. The recoveries we have obtained via judgments, awards and settlements on behalf of our clients exceed $40,000,000.
If you suspect that you have been the victim of investment fraud, or had a financial advisor recommend unsuitable investments to you, call us today for a free, confidential consultation at (702) 380-3131.