FINRA Reportedly Bars Broker Dan Jossen after Allegations of Misrepresentation involving VA sales
According to the Financial Industry Regulatory Authority (FINRA) on June 25, the regulator reportedly barred financial advisor Daniel E. Jossen (CRD # 5463761) after he purportedly failed to provide testimony in its investigation.
FINRA allegedly found that Jossen was permitted to resign after he allegedly solicited business in a jurisdiction in which he was not licensed, allegedly misrepresented the terms of variable products and reportedly maintained client log-in credentials in an outside brokerage account to process financial transactions. His employer reportedly became aware of these violations through customer complaints.
Jossen’s disclosures reportedly include 5 customer complaints and an employment separation in addition to the recent regulatory action, according to his FINRA Broker record. Customer complaints include allegations of misrepresentation involving variable annuities and excessive broker fees, among others.
According to his FINRA BrokerCheck report, Jossen was reportedly affiliated with the following firms during his career in the securities industry:
NYLIFE SECURITIES LLC (CRD#:5167), BETHESDA, MD, 06/15/2011 – 02/09/2021
PARK AVENUE SECURITIES LLC (CRD#:46173), BETHESDA, MD, 12/19/2007 – 06/01/2011
Potential Lawsuits to Recover Financial Losses
The White Law Group is investigating potential securities claims involving Dan Jossen and the liability his employers may have for failure to properly supervise his activities.
When brokers abuse client accounts or conduct transactions that violate securities laws, the brokerage firm they are working with may be liable for investment losses. Brokerage firms that fail to monitor the business activities of their employees may be liable for investment losses due to negligent supervision for the misconduct of their employees.
If you suffered losses investing with Dan Jossen, the attorneys at The White Law Group may be able to help you by filing a FINRA Arbitration claim against his employers. For a free consultation, with a securities attorney please call (888) 637-5510.
The foregoing information, which is all publicly available, is being provided by The White Law Group.
The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois.