Jeff Nessia Involved in a Mutual Fund Investor Dispute

Jeff Nessia (CRD #: 4237921), a broker registered with JP Morgan Securities, is facing an investor dispute. This is according to his BrokerCheck record, accessed on August 10, 2023. Details are provided below. 

On July 10, 2023, an investor alleged that Jeff Nessia offered poor advice regarding a mutual fund investment. The investor alleged this poor advice took place from July 24, 2020, to February 5, 2021. The investor is seeking $89,641.18. 

What is a Mutual Fund? 

A mutual fund is a portfolio of investments that allows investors to pool their wealth. They can be passively or actively managed. Brokers may earn a large commission from these funds, making them frequent objects of fraudulent trading practices. Investors should also note that brokers are required to notify their investors if they are entitled to breakpoint discounts when they purchase shares of a mutual fund. Failure to do so could be grounds for an investor dispute and FINRA arbitration. 

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade. Mutual fund fraud is an automatic violation of FINRA Rule 2010. 

Background Information 

Jeff Nessia has passed the following exams:

• Series 66 Uniform Combined State Law Examination 
• SIE – Securities Industry Essentials Examination 
• Series 7 General Securities Representative Examination 
• Series 24 General Securities Principal Examination 

He is a registered broker in 24 states and is a registered investment adviser in California and Texas. 

Jeff Nessia has registered with the following firms:

• JP Morgan Securities (CRD #: 79) 
• Chase Investment Services Corp (CRD #: 25574) 
• Wamu Investments (CRD #: 599) 
• Pruco Securities Corporation (CRD #: 5685) 

Kurta Law Can Help

If you worked with Jeff Nessia and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com 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.