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Investor Alleges Jeff Jen Misrepresented Fees

Jeff Jen (CRD #: 3107738), a broker registered with Merrill Lynch, Pierce, Fenner & Smith, is involved in a pending dispute, according to his BrokerCheck record, accessed on May 19, 2022. Read on if you have questions about Jeff Jen’s conduct as a broker.

Investor Dispute

In a pending dispute filed on February 28, 2022, an investor claims Jeff Jen did not provide an accurate detail of the fees associated with certain funds during the period between January 3 and February 25, 2022.

FINRA Rule 2020

Providing inaccurate or misleading information to investors violates FINRA Rule 2020, which prohibits the use of manipulation, deception, and other kinds of unethical tactics to influence investors’ decisions.

Resignation from Charles Schwab & Company

On May 7, 2019, Jeff Jen resigned from Charles Schwab & Company following allegations he provided private account information to a third party, with the client’s authorization but without the appropriate firm documentation.

Regulation S-P

Regulation S-P is an SEC regulation that requires firms to establish privacy policies and prevent the misuse of customer information, including the sharing of private information with third parties.

Background Information

Jeff Jen has passed the following exams:

  • Series 66 – Uniform Combined State Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 31 – Futures Managed Funds Examination
  • Series 7 – General Securities Representative Examination
  • Series 10 – General Securities Sales Supervisor – General Module Examination
  • Series 9 – General Securities Sales Supervisor – Options Module Examination

Jeff Jen is a registered broker in 12 states and a registered investment adviser in California and Texas.

He has also worked for the following firms:

  • MML Investors Services (CRD#:10409)
  • Charles Schwab & Company (CRD#:5393)
  • Morgan Stanley (CRD#:7556)

Kurta Law Can Help

If you worked with Jeff Jen and you have concerns about your investments, please contact us today at 877-600-0098 or for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want 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.