Jennifer Basey Subject of Preferred Stock Dispute

Jennifer Basey (CRD #: 4730054), a broker registered with Stifel, Nicolaus & Company, is the subject of an investor dispute. This is according to her BrokerCheck record, accessed on October 17, 2023. Keep reading if you have questions about her alleged conduct – this is not the first disclosure on her record. 

On September 5, 2023, an investor alleged that Jennifer Basey assured them that their investments were safe and selected preferred stocks without the customer’s consent. These investments allegedly led to losses. The investor sought $75,000 but the dispute was denied. investors should know, however, that firms can deny disputes without any external review. Following a denial, investors may still be able to recover their funds via FINRA arbitration.

Regulatory Actions 

There are also two regulatory actions on Jennifer Basey’s record. 

On March 24, 2023, Jennifer Basey entered into an Acceptance, Waiver, and Consent agreement (AWC), in which she consented to the findings that she falsified a customer’s signature and falsified additional customer initials on paperwork used to facilitate transfers of funds. 

As part of the terms of the AWC, Jennifer Basey consented to a $5,000 fine and a two-month suspension. You can read a copy of the AWC here. 

On February 12, 2020, the State of Michigan stated that it intended to deny, condition, or limit Jennifer Basey’s registration application following allegations that she had engaged in dishonest or unethical behavior.

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade. Falsifying signatures and unauthorized purchases of stocks violate this rule. 

Background Information 

Jennifer Basey has passed the following exams: 

• Series 66 Uniform Combined State Law Examination
• Series 63 Uniform Securities Agent State Law Examination 
• SIE – Securities Industry Essentials Examination 
• Series 7 General Securities Representative Examination 

She is a registered broker in 19 states and is a registered investment adviser in Florida and Texas. 

During her 19 years of experience, she has registered with two firms: Stifel, Nicolaus & Company (CRD #: 793) and Edward Jones (CRD #: 250). 

Kurta Law Can Help

If you worked with Jennifer Basey and 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 that 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.