Last Updated: March 2025 | Brentwood, TN
Jessica Y. Jung Investigation Summary
Here’s what you need to know about Brentwood, TN, stockbroker Jessica Y. Jung:
- Name: Ms. Jessica Y. Jung
- Current Employer: Aegis Capital Corp.
- Prior Employers:
- LPL Financial LLC (11/2010 – 04/2021)
- Morgan Keegan & Company, Inc. (02/2007 – 09/2010)
- AmSouth Investment Services, Inc. (01/2006 – 02/2007)
- Morgan Stanley DW Inc. (05/2005 – 01/2006)
- Function: Stockbroker / Financial Advisor
- Primary Location: Brentwood, TN
- CRD Number: 4922155
- DBA: Fincadia Wealth Management, Vast Wealth Advisors, ACC Agency, Inc.
- Can Jessica Jung be sued in FINRA arbitration? Yes
- Sanctioned by FINRA? Yes
- Pending Customer Dispute Seeks Damages of: $147,000
- Discharged by Prior Employer: Yes
If you’ve sustained damages from Ms. Jung, discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Jessica Jung As Your Stockbroker?
FINRA suspended Jessica Y. Jung in November 2024 for mismarking order tickets in an electronic trading system, which led to inaccurate firm records.
- Regulatory Action Date: November 7, 2024
- Case Number: 2021071175101
- Sanction: Suspended for one month (December 2, 2024 – January 1, 2025)
- Fine: $5,000
- Allegation:
- Caused LPL Financial LLC to maintain inaccurate books and records by mismarking order tickets in the firm’s electronic system.
- Affected transactions involved speculative securities.
Past Customer Dispute Settlement:
- Docket Number: 21-01173 (FINRA Arbitration)
- Filing Date: May 4, 2021
- Allegation:
- Between 2011 and 2013, Jung allegedly made misrepresentations and unsuitable investment recommendations in alternative investments, including oil & gas securities, real estate securities, and business development companies (BDCs).
- Settlement Amount: $147,000 (March 1, 2023)
Employment Termination:
- Firm: LPL Financial LLC
- Termination Date: March 22, 2021
- Reason: Exceeded discretionary authority by transacting securities not covered by written discretionary approval.
Other Cases Involving Unauthorized Trading
Discretionary vs. Non-Discretionary Accounts
Under FINRA Rule 4511, brokers must ensure accurate record-keeping, and under FINRA Rule 2111, brokers must ensure that investments align with a client’s financial profile and risk tolerance. The allegations against Jung indicate violations of both rules.
Allegations of Broker Misconduct Against Jessica Jung
Customers and regulators have reported the following allegations against Jessica Y. Jung:
- Mismarking Order Tickets:
- FINRA found that Jung caused the firm to maintain inaccurate trading records, a violation of FINRA Rule 4511.
- Unsuitable Investment Recommendations:
- Allegations of misrepresenting alternative investments such as oil & gas securities and real estate securities
- A potential violation of FINRA Rule 2111, which mandates brokers to recommend only suitable investments based on a client’s risk tolerance.
- Employment Termination Due to Unauthorized Trading:
- Jung exceeded discretionary authority at LPL Financial, resulting in discharge from LPL Financial in March 2021.
Given these allegations, investors should carefully assess whether their accounts were handled appropriately.
Recover Your Investment Losses Now With Rex Securities Law
Investigations of Aegis Capital and Aegis Capital Brokers-Lawsuits, Arbitrations & Disputes
Investigation of LPL Financial and LPL Brokers-Lawsuits, Arbitrations & Customer Disputes
If you have suffered investment losses in an account handled by Jessica Y. Jung, contact us for a complimentary consultation with an experienced securities lawyer to learn how you may be able to recover damages through FINRA arbitration.
With offices in Boca Raton, FL, and Austin, TX, stockbroker fraud attorney Bob Rex provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers, financial advisors, and broker-dealers.
If you have questions about how your account has been handled, call (877) 224-3199 to speak with an experienced securities attorney at no cost to you.
Most cases are handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.