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Nina Jessee: FINRA Bars Abingdon, Virginia Financial Advisor
A disciplinary action taken by the Financial Industry Regulatory Authority against former Abingdon, Virginia broker and investment advisor Nina Jessee (CRD# 1484808) barred her after finding she failed to provide testimony connected with its investigation into customer complaints against her. A former representative of Cetera Advisors, Jessee was barred from acting as a broker or otherwise associating with a broker-dealer firm.
According to a Letter of Acceptance, Waiver and Consent (No. 2018057366301) dated June 2019, FINRA sent Nina Jessee a request on December 11, 2018 to provide information on January 3, 2019 as part of its investigation into “customer complaints related to alternative investments and allegations that [she] failed to disclose an outside business activity.” The AWC letter states that Jessee indicated to FINRA through counsel that she would not appear for the requested testimony; accordingly, FINRA sent a second request on February 5, 2019, to appear and provide testimony, to which she responded through counsel again that she would not appear. FINRA found this refusal to constitute a violation of FINRA Rules 8210 and 2010. As a result of the foregoing alleged conduct, Nina Jessee was barred from association with any FINRA member firm in any capacity.
Nina Jessee’s disclosure records also list 18 customer complaints against her that reached settlements and three that remain pending.
A 2018 complaint alleged that as a representative of Investors’ Capital Corporation, she recommended unsuitable investments that resulted in losses. The complaint reached a settlement of $150,000.
A 2018 complaint alleged that as a representative of Investors’ Capital Corporation, she misrepresented material facts and over-concentrated the account in unsuitable securities. The complaint reached a settlement of $95,000.
A 2017 complaint alleged that as a representative of Investors’ Capital Corporation, she recommended unsuitable real estate securities. The complaint reached a settlement of $256,500.
In 2016 complaint alleged that as a representative of Investors’ Capital Corporation, she recommended unsuitable investments “back to 2005.” The complaint reached a settlement of $250,001.
Nina Jessee is currently not registered as a broker or investment advisor. Her employment history includes Cetera Advisors in Abingdon, Virginia; Investors Capital Corporation in Abingdon, Virginia; Financial Securities Network; NAP Financial Corporation in Irvine, California; Marketing One Securities in Portland, Oregon; and Mutual of Omaha Fund Management Company. She currently holds zero state licenses and has passed five securities industry qualification examinations.