The Financial Industry Regulatory Authority (FINRA) BrokerCheck contains recent disclosures regarding securities broker Jennifer Ling (CRD#: 3277203, New York, New York). Specifically, Ling, who worked for Axiom Capital Management between May 2015 and July 2017, faces investor disputes. Here's a closer look at the allegations that investors made regarding Ling.
Evidently, a client of Axiom Capital Management filed a dispute about Jennifer Ling in March 2021. Namely, the investor alleges that Ling participated in an unsuitable sale of a private placement. Notably, suitability considers an investor's risk tolerance, investment objectives, financial experience, and needs. It appears that the client sustained damages by buying the alternative investments. For this reason, they seek $150,000 in compensation from the securities firm.
It appears that a second Axiom Capital Management client alleged unsuitability in a dispute about Jennifer Ling. Evidently, in this March 2021 FINRA Arbitration Claim, the client contends that Ling caused them to invest in an unsuitable private placement. For this reason, the client asks for $100,000 to settle this ongoing matter.
The third dispute on BrokerCheck shows that a client of GPS Capital Management allegedly experienced losses on private placements. Supposedly, Jennifer Ling showed a breach of fiduciary duty through these private placement purchases. In addition, the client alleges violation of FINRA rules and California law in connection with the transactions. It seems that GPS Capital Management agreed on November 17, 2020, to pay the client $100,000 to settle this matter.
Also, a client of GPS Capital Management disputed Jennifer Ling's actions after buying a promissory note that Aequitas Commercial Finance LLC issued. The February 2019 complaint alleges Ling's failure to disclose risks on the promissory note. It appears that GPS Capital Management settled this matter by paying the client $46,500 in December 2019.
Multiple clients referenced Aequitas Commercial Finance in their disputes about Jennifer Ling. In one of the JAMS Arbitration Claims from 2016, a client alleges negligence and misrepresentation by Ling concerning a promissory note transaction. Evidently, GPS Capital Management agreed to pay that client $134,250 in damages to resolve this matter.
Did securities broker Jennifer Ling cause you to experience losses? If so, call Soreide Law Group at (888) 760-6552 and speak with a helpful securities lawyer about a potential recovery of your losses. Soreide Law Group represents clients on a contingency fee basis and advances all costs. The firm has recovered meaningful compensation for United States investors who incurred losses from their financial advisors and securities brokers. Please note that Ling denies all allegations of her sales practice violations.
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