Jessica Y. Jung of Palo Alto California a stockbroker formerly registered with LPL Financial LLC is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer sought more than $5,000.00 in damages supported by allegations that Jung made misrepresentations regarding alternative investments that the customer purchased through her while she was associated with LPL Financial. Financial Industry Regulatory Authority (FINRA) Arbitration No. 21-01173 (May 5, 2021).
According to the claim, Jung provided unsuitable recommendations to the customer as it pertained to investments in a business development company, real estate security and an oil and gas security. The claim alleges unsuitable trading based on the customer’s risk tolerance.
Jung was registered with LPL Financial as a stockbroker and investment adviser representative until March 22, 2021. She was discharged by the securities broker dealer based upon accusations of her unauthorized trading. LPL Financial indicated that Jung was provided with discretion to trade in customer accounts but she exceeded her authority.
Since April 20, 2021, Jung has been associated with Aegis Capital Corp as a stockbroker and investment adviser representative.
