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New Jersey Broker, Karen Jeffery, Complaint

According to records provided by the Financial Industry Regulatory Authority (FINRA), former New Jersey-based National Planning Corporation broker Karen Jeffery is currently not licensed to act as a broker or an investment adviser. The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding Ms. Jeffery, also known as Karen Lieschen Welsh (CRD# 4543363).

Karen Jeffery has spent eleven years in the securities industry and was most recently registered with the National Planning Corporation in Marlton, New Jersey (2007-2015). She was previously registered with Walnut Street Securities in Medford, New Jersey (2003-2007). She is currently not registered with any firm or state.

shutterstock_193017503According to her BrokerCheck report, Karen Jeffery is the subject of two customer complaints and one denied customer complaint.

In 2013 a customer alleged Karen Jeffery, while employed at Walnut Street Securities, breached her fiduciary duty, sold unsuitable securities, negligently failed to supervise, and committed common law fraud. The complaint settled in 2014 for $14,999.

In 2013 a customer alleged Karen Jeffery, while employed at Walnut Street Securities, acted negligently, violated the New Jersey Consumer Fraud Act, engaged in unjust enrichment, and breached contract. The complaint settled for $65,000.

In 2008 a customer alleged Karen Jeffery, while employed at Walnut Street Securities, “provided incorrect information regarding the surrender penalty” associated with a variable annuity purchased in 2004. The customer sought unspecified damages in the complaint, which was denied.

If you or someone you know has lost money investing with Karen Jeffery, also known as Karen Lieschen Welsh, call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup your losses. Fitapelli Kurta accepts all cases on a contingency basis: you will only pay Fitapelli Kurta if and when you collect money. Time to file your claim may be limited, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.