Nina S. Jesse, formerly of National Capital Corp. and Cetera Advisors, has been sued over 20 times for her improper recommendation of unsuitable investments. Her former employers are responsible for failing to supervise Jessee. Please call 303-300-5022 for a free and confidential consultation with an attorney if you have suffered losses you believe were too aggressive or not appropriately investigated by Jessee or her employers.
Ms. Jesse is permanently barred from the securities industry. FINRA, the regulatory body that oversees securities brokerage firms, investigated Jessee. The focus of the investigation was the large number of complaints that Nina Jesse sold unsuitable investments. The sale of unsuitable investments is a form of fraud. A broker motivated by commission or other payment recommends investments that are overly risky or otherwise inconsistent with an investor’s objectives or tolerance for risk. The investors then suffers losses as the result of the broker’s greed.
The bar of Nina Jessee was issued when Jessee failed to provide documents or otherwise contest the regulator’s allegations. Her attorney acknowledged that she received the regulatory action but declined to participate.
Another subject of the investigation was undisclosed outside business activity of Jessee. The reason that disclosure of such activity is important is that brokers will commonly use their access to investors to direct investment toward their own business or the business of a friend. This is done despite the lack of oversight by the broker’s employer or verification that the business is worthy of anyone’s investment.
Suits concerning losses with investors such as Nina Jessee are largely handled through an arbitration process. Investors suffering losses should speak to an attorney knowledgeable with the investment arbitration process. Please call the number above to discuss Nina Jesse and the recovery process.