Broker Jessica Jung Accused Of Sales Practice Violations In LPL Financial Investor Dispute

The Financial Industry Regulatory Authority (FINRA) reports that in May 2021, a client filed a dispute about securities broker Jessica Jung (CRD#: 4922155, Brentwood, Tennessee). Not only that, but one of her employers, LPL Financial LLC, discharged her in March 2021 for alleged improper trading. Here’s a closer look at these disputes about Jung.

LPL Financial LLC Client Alleges Unsuitable Recommendations By Jessica Jung

Evidently, a client of LPL Financial disputed Jessica Jung’s sales practices. Specifically, the client alleges in this May 2021 FINRA Arbitration Claim that Jung misrepresented information about alternative investments. Supposedly, Jung also sold unsuitable investments. Allegedly, the client should not have invested in oil and gas investments, real estate securities (REITs), and business development companies (BDCs). Supposedly, Jung’s unsuitable recommendations and misrepresentations caused the client to incur damages. This matter is ongoing at this time.

LPL Financial Discharges Jessica Jung As Securities Broker

LPL Financial employed Jessica Jung as a securities broker and financial advisor representative in November 2010. It appears that LPL Financial discharged Jung in March 2021 following allegations of Jung’s unauthorized trading. Specifically, LPL Financial claimed that Jung was allowed to exercise discretion in certain accounts, but that limited amount of authority did not extend to certain of Jung’s securities transactions. The firm contends that Jung exceeded her authority by making trades that her authority did not cover.

Other of Jessica Jung’s employers include Morgan Stanley, AmSouth Investment Services, Morgan Keegan, and Aegis Capital Corp.

Losses Through Jung?

Did you suffer losses because of securities broker Jessica Jung? 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 substantial compensation for hundreds of United States investors who have incurred losses from their financial advisors and securities brokers. Please note that Jung denies all allegations of her sales practice violations.

Lars Soreide AVVO 2020 Top Lawyer

CONTACT US