Jessica Y Jung (CRD #4922155) Has Regulatory, Customer Dispute, Investigation, and Employment Separation Disclosures on FINRA BrokerCheck

Jessica Y Jung (CRD #4922155) is a broker with regulatory, customer dispute, investigation, and employment separation disclosures on FINRA BrokerCheck. We reviewed her BrokerCheck report on April 27, 2026. It reflects one regulatory event, three customer disputes, one pending investigation, and one termination. If you invested with Jessica Y Jung and have concerns, keep reading.

BrokerCheck link: BrokerCheck

BrokerCheck report: BrokerCheck Report (PDF)

Regulatory Action

Jessica Jung FINRA BrokerCheck reports one final regulatory action. A summary of the disclosure is below:

On November 7, 2024, FINRA accepted an Acceptance, Waiver & Consent involving Jessica Jung. AWC link FINRA found that Jung caused LPL Financial LLC to maintain inaccurate books and records. This finding related to mismarked order tickets for separate customer accounts. Those orders involved the purchase or sale of a speculative security.

FINRA states the transactions would not have been permitted if the tickets had been marked correctly. One affected customer later complained after losing about $300 on one trade. The firm reimbursed that customer. FINRA imposed a $5,000 fine and a one-month suspension from December 2, 2024, through January 1, 2025.

Investor Disputes / Customer Complaints

Jessica Jung FINRA BrokerCheck reports three customer dispute disclosures. Two examples are below. One additional customer dispute is also reported.

On October 13, 2025, a customer allegedly claimed breach of fiduciary duty, unsuitable investments, material misrepresentations, material omissions, breach of FINRA rules, and breach of contract. The claim relates to private placement investments. Jessica Jung FINRA BrokerCheck lists the matter as pending. The FINRA arbitration docket is 25-01901.

On May 5, 2021, a customer allegedly claimed Jung made misrepresentations and unsuitable recommendations in alternative investments between 2011 and 2013. The products included oil and gas, real estate securities, and a business development company. Jessica Jung FINRA BrokerCheck states the matter settled for $147,000 on March 1, 2023. Jung did not contribute to the settlement.

Employment Separation

Jessica Jung FINRA BrokerCheck reports one employment separation after allegations. A summary of the disclosure is below:

On March 22, 2021, LPL Financial LLC discharged Jung. The firm stated that Jung had discretion to transact certain types of securities in customer accounts. The firm also stated that she exceeded that authority by transacting securities not covered by written discretionary authority. Jessica Jung FINRA BrokerCheck lists the product as equity listed common and preferred stock.

Investigation

Jessica Jung FINRA BrokerCheck reports one pending investigation. A summary of the disclosure is below:

On November 25, 2025, the Tennessee Department of Commerce & Insurance opened an investigation. Jessica Jung FINRA BrokerCheck states the investigation concerns whether the representative potentially engaged in prohibited business practices. Jessica Jung FINRA BrokerCheck lists the investigation as pending.

Rule Summary #1:

FINRA Rule 4511 requires firms to make and preserve books and records. This rule is relevant when a disclosure involves order tickets or firm records.

Rule Summary #2:

FINRA Rule 2010 requires high standards of commercial honor and fair dealing. It often applies when FINRA reviews conduct that may harm market integrity or investor protection.

Why This Matters to Investors (Regulation Best Interest)

Regulation Best Interest (Reg BI) is a U.S. securities regulation. It strengthens the standard of conduct that broker-dealers owe to retail investors. It applies when they recommend securities transactions or investment strategies. The U.S. Securities and Exchange Commission adopted Reg BI. It became effective on June 30, 2020. Reg BI aims to protect investors while preserving access to brokerage products and services.

Reg BI requires broker-dealers and financial advisors to act in a retail customer’s best interest at the time of a recommendation. They must not place their own financial or other interests ahead of the customer’s. This standard is higher than the older “suitability” rule. Suitability meant a recommendation only had to be appropriate. It did not have to be the best option or free of conflicts.

Reg BI has four key obligations:

Disclosure Obligation – Broker-dealers must disclose material facts about the relationship and the recommendation. This includes fees, the scope of services, and conflicts of interest.

Care Obligation – Broker-dealers must use reasonable diligence, care, and skill. They must consider costs, risks, and alternatives when making a recommendation.

Conflict of Interest Obligation – Firms must identify conflicts of interest. They must disclose them and mitigate or eliminate them. This includes conflicts that create incentives to favor one product over another.

Compliance Obligation – Firms must maintain policies and procedures. Those policies should be designed to ensure compliance with Reg BI as a whole.

Reg BI applies to each recommendation. It is not a continuous duty like the fiduciary standard for registered investment advisers. Even so, it narrows the gap. It puts more focus on costs, conflicts, and investor-focused decision-making.

Overall, Regulation Best Interest promotes transparency. It also aims to improve the quality of investment recommendations. It is designed to reinforce trust between retail investors and broker-dealers in the U.S. securities markets.

Background Information (from BrokerCheck)

Based on her FINRA BrokerCheck report, Jessica Jung:

Is currently registered with Cambridge Investment Research, Inc. and Cambridge Investment Research Advisors, Inc.

Has passed the Securities Industry Essentials (SIE) exam. Jessica Jung has passed Series 79TO, Series 31, and Series 7. She has also passed Series 66.

Was previously registered with firms that include Aegis Capital Corp., LPL Financial LLC, Morgan Keegan & Company, Inc., and Morgan Stanley DW Inc.

Kurta Law Can Help

If you have worked with Jessica Jung and you have concerns about her activity, Kurta Law may be able to help you evaluate your legal options. To speak with Kurta Law, call 877-600-0098 or email info@kurtalawfirm.com.

Helpful resources: Securities Attorney | Securities Fraud

For nearly 20 years, Kurta Law has advocated for investors and helped hold financial professionals accountable. Our firm represents clients nationwide in securities arbitration and related disputes. If you believe a broker or firm mishandled your account, an attorney can review the facts and explain possible next steps.