Erez Law is currently investigating former Cetera Investment Advisers LLC broker Jeff Jin (CRD# 4292519) regarding real estate securities losses. He has been registered with Merrill Lynch, Pierce, Fenner & Smith Incorporated in The Woodlands, Texas, since 2019. Previously, he was registered with Cetera Investment Advisers LLC in Fremont, California, from 2014 to 2019.
Jeff Jin Customer Complaints
Jeff Jin has been the subject of two customer complaints between 2021 and 2022, according to his CRD report:
August 2022. “Claimants allege they were over concentrated in unsuitable investments that resulted in losses. Claimants further allege the risk and liquidity were misrepresented to them.” The customer is seeking $500,000 in damages, and the case is currently pending. The complaint was regarding real estate securities losses, and it took place while he was registered with Cetera Investment Advisers LLC.
February 2021. “Claimants allege that their registered representative recommended an unsuitable investment.” The customer is seeking $85,000 in damages, and the case is currently pending. The complaint was regarding real estate investment trusts (REIT) losses, and it took place while he was registered with Cetera Investment Advisers LLC.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Cetera Investment Advisers LLC may be liable for investment or other losses suffered by Jeff Jin’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
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