DID STEVEN ANDREW JENNINGS CAUSE YOU INVESTMENT LOSSES?
Steven Andrew Jennings with National Securities Corporation Has 3 Customer Complaints for Alleged Broker Misconduct In the Past Year
Who is Steven A. Jennings with National Securities Corporation?
Steven Jennings (CRD #2472408) who is currently registered with National Securities Corporation and located in Jersey City, New Jersey is a subject of one of our many securities industry sales practice abuse investigations. Prior to National Securities Corporation, Steven Jennings has associated with4other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.
National Securities Corporation Broker Misconduct
In his career, Steven Jennings has been the subject of 3 customer complaints that we know about, all of those complaints were filed in the last year to recover investment losses. All 3 customer complaints filed against Steven Jennings’ current employer National Securities Corporation for investment losses caused by his alleged misconduct are currently pending.
Allegations Against Steven Jennings
The allegations made in the FINRA report about the pending complaints about investment losses are simply suitability related to real estate and private placement investments. Suitability claims can be based upon the stockbroker or investment advisors fiduciary duty, duty to use reasonable care, or FINRA Rule 2111 which states:
(a) A member or an associated person must have a reasonable basis to believe that a recommended transaction or investment strategy involving a security or securities is suitable for the customer, based on the information obtained through the reasonable diligence of the member or associated person to ascertain the customer’s investment profile. A customer’s investment profile includes, but is not limited to, the customer’s age, other investments, financial situation and needs, tax status, investment objectives, investment experience, investment time horizon, liquidity needs, risk tolerance, and any other information the customer may disclose to the member or associated person in connection with such recommendation.
Steven Jennings Red Flags & Your Rights as An Investor
Of course, Steven Jennings 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 Steven Jennings at National Securities Corporation on alert to review carefully the activity and performance of their accounts and question whether Steven Jennings has engaged in any stockbroker misconduct that may have caused them investment losses.
A large number of customer complaints at National Securities Corporation about Steven Jennings also raises questions about its supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.
File A Claim to Recover Your Investment Losses At National Securities Corporation
If you have questions about National Securities Corporation and/or Steven Jennings 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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