Jean Josse Involved in a Half-Million Dollar Investor Dispute

Jean Josse (CRD #:4662658), a broker registered with  Alliance Global Partners, is involved in an investor dispute, according to his BrokerCheck record, accessed on November 8, 2021.  He is also an investment advisor registered with both Alliance Global Partners and Glass Bead Capital Management.

Investor Allegations

On September 17, 2021, an investor alleged that Jean Josse recommended unsuitable investments and made misrepresentations in connection with the purchase of a private placement. The investor is seeking $500,000; the dispute is still pending.

FINRA Rules 2111, 2020, And 2010

FINRA Rule 2111 (Suitability)

Suitability is the term used to describe an ethical, enforceable standard for investments that brokers must uphold. An investment is only considered “suitable” if it meets the suitability criteria outlined in FINRA Rule 2111. FINRA Rule 2111 states that investments must take an investor’s financial goals and risk tolerance into consideration. 

FINRA Rule 2020 (Misrepresentation)

A misrepresentation is a false or misleading statement, while an omission is the failure to disclose essential facts. Negligently or intentionally making misrepresentations or failing to disclose any material information can result in losses and damages to an investor’s portfolio. 

FINRA Rule 2020 prohibits brokerage firms and stockbrokers from making material misrepresentations of fact to induce an investor in connection with the sale or purchase of an investment. Misrepresentation also violates The Securities Act of 1933, which prohibits deceit, misrepresentation, and other fraud in the sale of securities. 

Jean Josse’s alleged conduct is also unethical and violates FINRA Rule 2010, which states that brokers must uphold the highest standards of commercial honor.

Jean Josse Background Information

Jean Josse has passed the following exams:

• Series 65 – Uniform Investment Adviser Law Examination
• Series 63 – Uniform Securities Agent State Law Examination
• SIE – Securities Industry Essentials Examination
• Series 7 – General Securities Representative Examination
• Series 62 – Corporate Securities Limited Representative Examination

Jean Josse is a registered broker in 15 states. He is a registered investment advisor in Florida, New Jersey, New York, and Texas. 

Other than Alliance Global Partners and Glass Bead Capital Management, Jean Josse has worked with the following firms:

• Aegis Capital (CRD#:15007)
• JHS Capital Advisors (CRD#:112097)
• Gunnallen Financial (CRD#:17609)
• Hunter Scott Financial (CRD#:45559)
• LH Ross & Company (CRD#:37920)

Kurta Law Can Help

If you have worked with Jean Josse and have concerns about your investments, don’t hesitate to contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For nearly 20 years, Kurta Law has advocated for investors to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm and exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf.