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Attention: Customers of JP Morgan Broker David Jernigan

The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding Texas-based JP Morgan broker David Jernigan (CRD# 1236074).

David Jernigan has spent thirty-one years in the securities industry and has been registered with JP Morgan Securities in Dallas, Texas since 2011. Previous registrations include Morgan Stanley Smith Barney in San Francisco, California (2009-2011); Citigroup Global Markets in San Francisco, California (2006-2009); Legg Mason Wood Walker in Baltimore, Maryland (2000-2006); and Merrill Lynch Pierce Fenner & Smith in New York, New York (1984-2000). He is a registered broker in 53 US states and territories.

shutterstock_140770462According to his BrokerCheck report, David Jernigan is the subject of one customer complaint.

In 1997 a customer alleged David Jernigan, while employed at Merrill Lynch Pierce Fenner & Smith, held a managerial position over a broker who misrepresented and omitted material facts related to an investment, acted negligently, and recommended several unsuitable investments. The complaint settled for $700,000.

According to FINRA rules and federal securities law, brokers like David Jernigan must uphold a fiduciary duty that requires them to act only in the best interests of their clients. In addition to this, they may only recommend investment products that are considered suitable for their clients. They must consider the customer’s investment goals, experience, age, income, risk tolerance, and other factors. Brokers and firms who fail to recommend suitable investments may be subject to disciplinary action by FINRA or the Securities and Exchange Commission.

If you have lost money investing with David Jernigan or Merrill Lynch Pierce Fenner & Smith, you may be entitled to recover lost funds. Call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. All cases are taken on a contingency basis: Fitapelli Kurta only gets paid if and when you recover money. By law you may have a limited time to file your complaint, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.