Chill winds are beginning to ruffle the tranquil waters of Osaic Wealth, a brokerage firm with a typically serene reputation in the financial sector. At the heart of the storm, a figure emerges – Lisa Jacques, a registered broker with a career spanning diverse financial landscapes. But today, an investor dispute tarnishes her BrokerCheck record, casting a cloud over her otherwise spotless scrape. Let’s dive into this intriguing narrative.
Unveiling the Investor Dispute
On October 16, 2023, an investor came forth with a grievance against Jacques, alleging a misrepresentation incident revolving around the redemption of fixed annuities and the purchase of variable annuities. According to the claimant, this alleged misrepresentation led to a hefty financial loss measuring up to $75,936.94. This issue, however, was dismissed by Osaic Wealth.
It’s important, however, to keep in mind that such firm-level denials occur without rigorous, external reviewing mechanisms. That being said, all is not lost for investors bearing the brunt of such circumstances. They could still have a shot at recovering their losses via the pursuit of FINRA arbitration, an avenue accessible to investors who find themselves in a similar predicament.
Demystifying FINRA Rules and Misrepresentation
When you delve into the financial rulebook, you find FINRA Rule 2020, a strict regulation preventing the employment of deceptive, manipulative, and fraudulent techniques affecting the buying and selling of securities. Any misrepresentation or the omission of vital facts falls afoul of this rule.
Additionally, another critical statute – FINRA Rule 2330, mandates brokers to establish a reasonable basis of belief supporting their recommendation of deferred variable annuities which need to align with the best interests of the investor.
Delving into Lisa Jacques’ Background
The financial landscape while vast, is interconnected in many ways and it’s vital to understand how the pieces fit together. Speaking of accomplishments, Jacques has a string of them under her belt. Apart from passing exams such as the Series 63 Uniform Securities Agent State Law Examination, the SIE – Securities Industry Essentials Examination, and the Series 7 General Securities Representative Examination, Jacques is additionally a registered broker across 11 states.
Her resume includes tenures at various firms such as Osaic Wealth and Sagepoint Financial, and her experience within the financial tapestry provides an additional layer of context to the ongoing narrative surrounding the investor dispute.
If you’ve worked with Lisa Jacques and have concerns about your investments, prompt action is of essence. Reach out to a competent legal counsel who specializes in recovering investment losses from brokers and brokerage firms. They can help you navigate the intricacies of securities law, ensure your voice is heard and your interests protected.
With nearly 20 years of experience, such law firms have advocated diligently for investors, and have garnered national recognition in doing so. The best part? They operate on a contingency basis, meaning they earn a fee only if their attorneys manage to recover money on your behalf. Don’t let potential securities fraud go overlooked – embark on your path to recovery today.