Financial Advisor Jennifer Ling (Axiom Capital) Customer Complaints

• July 27, 2018
• Aequitas Commercial Finance
• Breach of Fiduciary Duty

The Wolper Law Firm, P.A. is currently investigating claims against Jennifer Ling, a former Financial Advisor at Axiom Capital in New York, NY.  Jennifer Ling has been in the securities industry since the 2000 and previously worked for Fidelity and Charles Schwab.

According to publicly available records released by the Financial Industry Regulatory Authority (FINRA), Jennifer Ling has three customer complaints, alleging sales practice violations, including one pending complaint:

• February 2018—“Customer alleges breach of fiduciary duty, constructive fraud, and violation of the California corporations code relating to a promissory note investment issued by Aequitas.” Alleged damages are $100,000 and the matter remains pending.
• November 2017—“Customer alleges negligence, gross negligence, misrepresentation…relating to a promissory note investment issued by Aequitas Commercial Finance, LLC.” The matter was settled for $100,000.
• June 2016—“Customers allege professional negligence, fraud and negligent misrepresentation relating to promissory note investment issued by Aequitas Commercial Finance, LLC.” The matter was resolved for $134,250.

https://brokercheck.finra.org/individual/summary/3277203#disclosuresSection

Financial advisors have a legal and regulatory obligation to recommend only suitable investments that are appropriate for their clients’ needs and objectives.  Their employing brokerage firm has a legal and regulatory obligation to supervise the Financial Advisors’ sales practices and dealings with clients.  To the extent any of these duties are breached, the customer may be entitled to a recovery of his or her investment losses.

If you or someone you know was a customer of Jennifer Ling or Aequitas Commercial Finance, and you experienced investment losses, please contact the Wolper Law Firm, P.A. at 800.931.8452 or by email at mwolper@wolperlawfirm.com to discuss your specific situation and the legal options available.  The Wolper Law Firm, P.A. represents investors nationwide in securities litigation and arbitration.

Matt Wolper, the Managing Principal of the Wolper Law Firm, P.A., is a trial lawyer who has handled hundreds of securities cases during his career involving a wide range of products, strategies and securities.  Prior to representing investors, he was a partner with a national law firm, where he represented some of the largest banks and brokerage firms in the world in securities matters.  Simply put, he knows how the other side evaluates cases, which gives you a competitive advantage.