DID JENNIFER G. DRAPP CAUSE YOU INVESTMENT LOSSES?
Jennifer Drapp Of The Huntington Investment Company Has 2 Customer Complaints For Alleged Broker Misconduct
About Jennifer Drapp of The Huntington Investment Company?
Jennifer Drapp (CRD #2609123) , has maintained a long-term association with The Huntington Investment Company in Ft. Mitchell, KY, since April 1995, and with Huntington Financial Advisors since April 2006. While registered in 14 U.S. states and territories and having passed three general industry/product exams along with two state securities law exams, Drapp’s record is not without blemishes. Notably, she has not passed any principal/supervisory exams, which might limit her responsibilities within her roles. Despite this broad registration, her career has been marked by customer disputes that question the quality of advice and transparency she provides to her clients, which has been denied by her employer.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Jennifer Drapp Customer Complaints and Reviews
Drapp’s record includes two disclosed customer disputes:
- Misunderstanding of Investment Strategy (Denied): A complaint was filed alleging that from May 2009 to August 2012, Drapp shifted a client’s investments from a conservative strategy to variable annuities without the client fully understanding the investments or the associated fees, which allegedly led to a loss of principal to cover those fees. The claimed damages were $31,818.70, but the complaint was denied in April 2023.
- Improper Recommendation (Denied): Another dispute involved a claim from a client’s Power of Attorney, alleging that Drapp had inappropriately recommended the surrender of two life insurance policies, causing a taxable event, and resulting in damages of $6,000. This complaint, received in August 2015, was also denied in October 2015.
Allegations Against Jennifer Drapp
The allegations against Jennifer G. Drapp include:
- Failing to ensure clients understood changes in investment strategies and the fee structures of their investments, potentially compromising the client’s financial stability.
- Making recommendations that were not aligned with the client’s best interests, specifically concerning the surrender of life insurance policies that led to unnecessary financial consequences for the client.
These allegations, if true, underscore potential concerns about her diligence and the ethical conduct expected of a financial advisor.
Jennifer Drapp Red Flags & Your Rights As An Investor
Of course, Jennifer Drapp 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 Jennifer Drapp at The Huntington Investment Company on alert to review carefully the activity and performance of their accounts and question whether Jennifer Drapp has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at The Huntington Investment Company also raises questions about the brokerage firms’ 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 The Huntington Investment Company Due To Jennifer Drapp
If you have questions about The Huntington Investment Company and/or Jennifer Drapp 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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