Erez Law is currently investigating Independent Financial Group, LLC broker Jeffrey Nesseth (CRD# 1983482) regarding unsuitable real estate investment trust (REIT) losses. Nesseth has been registered with Independent Financial Group, LLC in Plano, Texas since 2011.
REITs are types of companies that own or finance income-producing real estate, typically across a range of property sectors. Most REITs trade on major stock exchanges and allow investors to purchase individual company stock, through a mutual fund, or through a exchange-traded fund (ETF).
Nesseth has been the subject of four customer complaints between 2001 and 2018, one of which was closed without action, according to his CRD report. The most recent complaint is regarding:
June 2018. “Alleges unsuitable REIT investments.” The customer is seeking $100,000 in damages and the case is currently pending.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Independent Financial Group, LLC may be liable for investment or other losses suffered by Nesseth’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If and have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.