Publicly available records published by the Financial Industry Regulatory Authority (FINRA) and accessed on September 13, 2018 indicate that Texas-based Oppenheimer & Company broker/adviser Jesse Webb, who has received several customer disputes, was recently named in a pending complaint by state regulatory authorities. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Webb (CRD# 2298761).
Jesse Webb has spent 25 years in the securities industry and has been registered with Oppenheimer & Company in The Woodlands, Texas since 2012. Previous registrations include Merrill Lynch in The Woodlands, Texas (2007-2012); UBS Financial Services in The Woodlands, Texas (2001-2007); and Morgan Stanley DW in Purchase, New York (1993-2001). He has passed four securities industry examinations: Series 65 (Uniform Investment Adviser Law Examination), which he obtained on July 13, 1996; Series 63 (Uniform Securities Agent State Law Examination), which he obtained on January 9, 1993; Series 31 (Futures Managed Funds Examination), which he obtained on April 13, 1996; and Series 7 (General Securities Representative Examination), which he obtained on December 18, 1992. He is a registered broker and investment adviser with nine US states: Arizona, Florida, Indiana, Louisiana, Minnesota, Mississippi, Nevada, South Carolina, and Texas.
According to his BrokerCheck report, he has received three customer complaints and one pending regulatory complaint, and he resigned from his former employer in connection to alleged rule violations.
In September 2018 he was named respondent in a complaint by the State of Michigan in connection to allegations he “engaged in dishonest or unethical behavior in the securities industry within the previous ten years.” The state seeks to deny his securities agent registration in the action, which remains pending.
In 2015 a customer alleged Jesse Webb, while employed at Merrill Lynch, recommended unsuitable investments from 2008 until 2012. The complaint, from which he was dismissed, settled in 2016 for $35,000.
In 2012 he voluntarily resigned from his position at Merrill Lynch in connection to allegations he participated in a “purported real estate transaction” outside the firm and without its knowledge or consent.
In 2010 a customer alleged Jesse Webb, while employed at Merrill Lynch, executed unauthorized trades and misrepresented material facts regarding auction rate securities. The complaint settled in 2011 for $2,400,000.
In 2010 a customer alleged Jesse Webb, while employed at Merrill Lynch, misrepresented and recommended unsuitable investments. The complaint settled in 2010 for $1,818,750.
If you or someone you know has lost money investing with Jesse Webb, call the experienced attorneys at 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: we only get paid if and when you collect money. Time to file your claim may be limited by law, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.