December 2018-Austin, TX
According to publicly available records Jennifer Ling , a stockbroker who is not currently registered and who was last registered with Axiom Capital Management, and before that GPS Capital Management, disclose 2 prior and 2 pending customer disputes related to the sale of promissory notes issued by Aequitas Commercial Finance.
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
In 2017, in two separate disputes brought by customers of GPS Capital Management, cash settlements of $100,000 and $134,250 were paid to the customers to resolve allegations that Ling breached her fiduciary duty and misrepresented the investment. There are presently two more similar cases pending by former customers of GPS Capital Management seeking combined losses of $200,000 and alleging that Aequitas notes were misrepresented.
Ling discloses business affiliations with Ascendant Capital in Austin, TX.
If you have losses in an account in an account handled by Jennifer Ling , contact us for a no charge consultation to learn how you may be able to recover damages through FINRA arbitration.
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.
Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
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