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Jennifer Medlin: Fifth Third Denies Structured Note Complaint
Jennifer Medlin (CRD# 6542270), a financial advisor based in Fort Wayne, was recently involved in an investor complaint alleging she provided incomplete information about an investment. Financial Industry Regulatory Authority records show that she is a broker and an investment advisor with Fifth Third Securities.
Ms. Medlin’s BrokerCheck report discloses one investor complaint. Filed in November 2022, it alleged that as a representative of Fifth Third Securities, she did not inform the customer of the market risk associated with a structured note. The complaint alleged damages of $25,521 and was denied by the firm.
Investors should be aware that FINRA rules and other securities industry standards prohibit brokers like Ms. Medlin from giving customers incomplete or misleading information regarding investments. FINRA Rule 2020 specifically stipulates that no registered representative may “effect any transaction in, or induce the purchase or sale of, any security by means of any manipulative, deceptive or other fraudulent device or contrivance.” Brokers who make misrepresentations or omissions of material facts regarding investment recommendations may lead their clients to invest in unsuitable securities, in violation of FINRA Rule 2111. Representatives who misrepresent and/or recommend unsuitable investments may be held liable for damages in the event of losses. They may also be subject to disciplinary action by FINRA, the Securities and Exchange Commission, or state securities regulators.
According to the Financial Industry Regulatory Authority, Jennifer Medlin holds six years of securities industry experience. Based in Fort Wayne, Indiana, she has been a broker and an investment advisor with Fifth Third Securities since 2020. She is also registered with the firm’s offices in Decatur, Elkhart, South Bend, and Mishawaka, Indiana. Her past registrations include Merrill Lynch (Fort Wayne, Indiana; 2018-2020) and Scottrade (Fort Wayne, Indiana; 2016-2018). Her credentials include the passage of four securities industry qualifying exams: the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; the Uniform Securities Agent State Law Examination, or Series 63; and the Uniform Investment Adviser Law Examination, or Series 65. She is licensed in Florida, Georgia, Illinois, Indiana, Michigan, Nevada, Ohio, Tennessee, and Texas. (Information current as of December 17, 2022.)
Carlson Law represents investors throughout the United States in claims against financial advisors and investment firms. If you or a loved one have suffered investment losses, please call us at 888-976-6111 or complete our contact form for a free and confidential consultation.