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Nina Sue Jessee formerly with Cetera Advisors LLC Has 24 Customer Complaints For Alleged Broker Misconduct

Who is Nina S. Jessee formerly with Cetera Advisors LLC?

Nina Jessee (CRD #1484808) who was formerly registered with Cetera Advisors LLC and located in Abingdon, Virginia is a subject of one of our many securities industry sales practice abuse investigations. Prior to Cetera Advisors LLC, Nina Jessee was associated with Investors Capital Corp. and 5 other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.

Nina Jessee not only had problems with customer complaints, but problems with the regulators and her former employer. In June 2019, Nina Jessee was permanently barred by FINRA from association with any member firm in any capacity in the securities industry because she failed to appear for FINRA on-the-record testimony in connection with FINRAs investigation of customer related to alternative investments in allegations that Nina Jessee failed to disclose outside business activities. The investigation obviously arose out of the numerous complaints referred to above and disclosure of her resignation after it was alleged she violated Cetera Advisors, LLC, policy and not disclosing outside business activities prior to engaging in them.

Nina Jessee Broker Misconduct

In her career, Nina Jessee has been the subject of 24 customer complaints that we know about. Nineteen of Nina Jessee’s 24 customer complaints were settled in favor of investors. Five of those complaints were denied by her employer and the customers to date have done taking any further action. 

We understand that many of the complaints related to Real Estate Investment Trusts (REITs). The allegation that she failed to disclose outside business activities required under FINRA rules is serious. FINRA and brokerage firms require their registered representatives to disclose all outside business activities, particularly those related to the offer and sale of securities because brokerage firms are required to exercise due diligence and make sure all investments are approved before they are offered to the public. The offer and sale of securities not pre-approved by the brokerage firm is known as “selling away” and the firm can be liable its brokers who engage in that misconduct.

Allegations Against Nina Jessee

A sample of the allegations made in the FINRA reported arbitration claim settlements and pending complaints for investment losses are as follows:

  • Claimant alleged overconcentration in REITs.
  • Claimants allegations were focused on the suitability of investment recommendations in REITs.
  • Claimants allege that the registered representative misrepresented investments and over-concentrated their portfolio in REITs.

Nina Jessee Red Flags & Your Rights As An Investor

Of course, Nina Jessee did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of Nina Jessee at Cetera Advisors LLC and Investors Capital Corp. on alert to review carefully the activity and performance of their accounts and question whether Nina Jessee has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Cetera Advisors LLC and Investors Capital Corp. about Nina Jessee also raises questions about their supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.

File A Claim To Recover Your Investment Losses At Cetera Advisors LLC

If you have questions about Cetera Advisors LLC, Investors Capital Corp. and/or Nina Jessee and the management or performance of your accounts please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.

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Robert Wayne Pearce

Robert Wayne Pearce of The Law Offices of Robert Wayne Pearce, P.A. has been a trial attorney for more than 40 years and has helped recover over $170 million dollars for his clients. During that time, he developed a well-respected and highly accomplished legal career representing investors and brokers in disputes with one another and the government and industry regulators. To speak with Attorney Pearce, call (800) 732-2889 or Contact Us online for a FREE INITIAL CONSULTATION with Attorney Pearce about your case.

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