FINRA Bars Nina Jessee after Receiving 23 Customer Complaints

Posted on June 18th, 2019 at 12:42 PM
FINRA Bars Nina Jessee after Receiving 23 Customer Complaints

From the Desk of Jim Eccleston at Eccleston Law LLC:

The Financial Industry Regulatory Authority (“FINRA”) recently barred Nina S. Jesse from the securities industry for refusing to cooperate in FINRA’s Rule 8210 inquiry.

According to FINRA’s BrokerCheck report, Jesse was affiliated with Investors Capital Corp. (Cetera Advisors) since 1993 until she left the firm in November 2017 for violating “firm policy for not disclosing outside business activity prior to engaging.” According to Jessee’s broker record, 23 customer complaints have been filed against Jessee since 2002. 17 complaints have been filed in the last three years. Allegations include misrepresentation and unsuitable investments related to alternative investments.

According to the Letter of Acceptance, Waiver, and Consent (“AWC”), Jesse refused to appear for two on-the-record interviews requested by FINRA. FINRA sent two request to Jesse, in order to appear for on-the record testimony. The AWC details that through Jessee’s counsel and according to the AWC, Jesse acknowledges that she received FINRA’s requests and will not appear for testimony.

FINRA Rule 8210 gives FINRA staff the right to require associated persons to “provide information orally, in writing, or electronically and to testify at a location specified by FINRA staff, under oath or affirmation with respect to any matter involved in the investigation, complaint, examination or proceeding.” Importantly, FINRA Rule 8210 states, “No member or person shall fail to provide information or testimony . . . pursuant to this Rule.”

The attorneys of Eccleston Law LLC represent investors and advisors nationwide in securities and employment matters. The securities lawyers at Eccleston Law also practice a variety of other areas of practice for financial investors and advisors including Securities FraudCompliance ProtectionBreach of Fiduciary DutyFINRA Matters, and much more. Our attorneys draw on a combined experience of nearly 65 years in delivering the highest quality legal services. If you are in need of legal services, contact us to schedule a one-on-one consultation today.

Related Attorneys: James J. Eccleston

Tags: james eccleston, eccleston law, eccleston law llc, eccleston, nina jessee, finra, brokercheck, investors capital corp, rule 8210

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Thank you for your professional assistance with this matter. You are very good at what you do.

John T.


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