DID JACOB RYAN PENNY CAUSE YOU INVESTMENT LOSSES?
Jacob Penny Of Northwestern Mutual Investment Services, LLC Has A Customer Complaint For Alleged Broker Misconduct
About Jacob Penny of Northwestern Mutual Investment Services, LLC?
Jacob Penny (CRD #6696323) currently employed by Northwestern Mutual Investment Services, LLC in Charlottesville, Virginia. Since his registration began in September 2017, Penny has been licensed in 27 U.S. states and territories and has passed three general industry/product exams and one multi-state securities law exam. Despite these qualifications, his lack of any principal/supervisory exams raises concerns about his capability for higher-level responsibilities. His professional history is blemished by a customer dispute.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Jacob Penny Customer Complaint and Reviews
Jacob Penny’s tenure in the financial industry has been marred by a customer dispute:
- Customer Dispute (Closed as of October 2023): A complaint was filed against Penny alleging that the electronic signatures on his non-variable life insurance application documents were not authorized by the client. This dispute was eventually closed with no action taken after the firm’s investigation supported Penny’s version of events. However, the mere presence of such allegations can be damaging to a broker’s reputation.
Allegations Against Jacob Penny
Unauthorized Electronic Signatures: The primary accusation against Penny involved the alleged unauthorized use of electronic signatures on insurance application documents. Despite the firm’s findings that there was no wrongdoing, the initial accusation raises red flags.
Jacob Penny Red Flags & Your Rights As An Investor
Of course, Jacob Penny did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of Jacob Penny at Northwestern Mutual Investment Services, LLC on alert to review carefully the activity and performance of their accounts and question whether Jacob Penny has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Northwestern Mutual Investment Services, LLC also raises questions about the brokerage firm’s supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.
Did You Lose Money Because of Broker Misconduct?
If you have lost money due to negligence or fraud by a stockbroker or advisor, the easiest way to know if you have a case is to call our office at 800-732-2889. Our investment fraud attorneys will evaluate your claim for free and let you know if we can help you recover your losses.
Need Legal Help? Let’s talk.or, give us a ring at 561-338-0037.
File A Claim To Recover Your Investment Losses At Northwestern Mutual Investment Services, LLC Due To Jacob Penny
If you have questions about Northwestern Mutual Investment Services, LLC and/or Jacob Penny and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.
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