JP Ledesma: Emerson Equity Advisor Faces Fraud Complaints

Irvine, California financial advisor JP Ledesma (CRD# 2379751) has received multiple investor complaints alleging that he violated industry laws and rules. Financial Industry Regulatory Authority records show that he is registered as a broker and an investment advisor with Emerson Equity.

Mr. Ledesma’s BrokerCheck report discloses three investor complaints. The most recent, filed in November 2025, alleges that as a representative of Emerson Equity, he violated state and federal securities laws, breached contract, committed fraud, acted negligently, and breached his fiduciary duty in connection with a real estate investment. The pending complaint alleges unspecified damages.

A second investor complaint, filed in October 2025, alleges that as a representative of Emerson Equity, he breached contract, committed fraud, breached his fiduciary duty, acted negligently, violated state and federal securities law, and committed fraud. The pending complaint alleges unspecified damages.

A third investor complaint, filed in October 2025, alleges that as an Emerson Equity representative, he breached contract, committed fraud, violated the Pennsylvania Unfair Trade Practices and Consumer Protection Law, acted negligently, and breached his fiduciary duty. The pending complaint alleges unspecified damages.

According to the Financial Industry Regulatory Authority, JP Ledesma holds eight years of securities industry experience. Based in Irvine, California, he has been registered as a broker and an investment advisor with Emerson Equity since 2021. His past registrations include Sutter Capital Partners, Capulent, Independent Financial Group, and Atlanta-One. His credentials include the passage of six securities industry qualifying exams: the Securities Industry Essentials Examination, or SIE; the Uniform Combined State Law Examination, or Series 66; the Uniform Securities Agent State Law Examination, or Series 63; the General Securities Representative Examination, or Series 7; the National Commodity Futures Examination, or Series 3; the Foreign Currency Options Examination, or Series 15;. He holds 23 state licenses. (Information current as of December 6, 2025.)

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