Irvine, CA — December 11, 2025 — John Paul (JP) Ledesma (CRD# 2379751), a financial advisor currently registered with Emerson Equity LLC, is facing three pending FINRA arbitration claims filed in October and November 2025. All three complaints allege violations of federal and state securities laws, breach of fiduciary duty, common law fraud, and negligence involving real estate securities. The allegations span transactions that occurred between 2022 and 2023 while Ledesma was registered with Emerson Equity LLC. This article reviews the publicly available disclosure information and outlines options for investors who may have suffered losses.
BrokerCheck Snapshot
Name: John Paul Ledesma
CRD #: 2379751
Firm: Emerson Equity LLC
Location: Irvine, CA
Years in Industry: 32
Number of Disclosures: 3
Pending Customer Complaints Against John Paul Ledesma
FINRA Arbitration Case No. 25-02476 (Filed November 2025)
The first arbitration claim was filed on November 11, 2025 (FINRA Case No. 25-02476). The claimant alleges violations of federal securities laws, violations of the California Securities Act, violation of Ohio Securities Act, breach of contract, common law fraud, breach of fiduciary duty, and negligence and gross negligence related to transactions in March 2023. The complaint involves real estate securities. While the alleged damages field shows $0.00, the claimant seeks recovery of compensatory damages to be determined by the arbitration panel, benefit of the bargain damages, lost opportunity costs, model portfolio damages, prejudgment interest, costs, reasonable attorney’s fees, and punitive damages.
FINRA Arbitration Case No. 25-02215 (Filed October 2025)
The second arbitration claim was filed on October 27, 2025 (FINRA Case No. 25-02215). The claimant alleges violations of federal securities laws, violations of the California Securities Act, violations of the New Jersey Uniform Securities Law, breach of contract, common law fraud, breach of fiduciary duty, and negligence and gross negligence related to transactions in March 2022. The complaint involves real estate securities. The claimant seeks similar relief as the first case, including compensatory damages, benefit of the bargain damages, lost opportunity costs, model portfolio damages, prejudgment interest, costs, reasonable attorney’s fees, and punitive damages.
FINRA Arbitration Case No. 25-02160 (Filed October 2025)
The third arbitration claim was filed on October 20, 2025 (FINRA Case No. 25-02160). The claimant alleges violations of federal securities laws, violations of the California Securities Act, violation of Pennsylvania Securities Laws, violation of the Pennsylvania Unfair Trade Practices and Consumer Protection Law, breach of contract, common law fraud, breach of fiduciary duty, and negligence and gross negligence. The complaint involves trades placed between 2022 and 2023 in real estate securities. The claimant seeks similar relief including compensatory damages, benefit of the bargain damages, lost opportunity costs, model portfolio damages, prejudgment interest, costs, reasonable attorney’s fees, and punitive damages.
Pattern of Complaints and Risk Factors
All three pending arbitration cases involve similar allegations and the same product type: real estate securities. The complaints allege multiple serious violations including federal and state securities law violations, fraud, breach of fiduciary duty, and negligence. The fact that three separate complaints were filed within a short timeframe (October-November 2025) alleging similar conduct involving the same investment type may suggest a pattern of concern for investors.
Ledesma also operates John Paul Ledesma Real Estate Brokerage as an independent real estate broker, which may create potential conflicts of interest when recommending real estate securities to brokerage clients.
Understanding the Allegations
The allegations against Ledesma involve several serious types of securities violations:
Securities Law Violations: Both federal securities laws and state securities laws (California, Ohio, New Jersey, Pennsylvania) provide protections for investors. Violations can include failure to register securities, failure to disclose material information, and fraudulent sales practices.
Breach of Fiduciary Duty: Financial advisors have a duty to act in their clients’ best interests and to disclose conflicts of interest. Breach of fiduciary duty occurs when an advisor places their own interests ahead of their clients’ interests or fails to disclose material conflicts.
Common Law Fraud: Fraud allegations involve intentional misrepresentations or omissions of material facts that an investor relies upon to their detriment.
Negligence and Gross Negligence: Negligence involves the failure to exercise reasonable care, while gross negligence involves conduct that is reckless or shows complete disregard for the consequences.
Can Investors Recover Losses?
Investors who experienced securities law violations, breach of fiduciary duty, fraud, or negligence involving real estate securities or other investments may be entitled to compensation through FINRA arbitration. Patil Law, P.C. has over 15 years of experience representing investors in FINRA arbitration and securities litigation, with more than $25 million recovered for clients across 1,000+ cases. We provide a free, confidential consultation to review your potential claim. Our firm works on a contingency fee basis, meaning you pay no attorney fees unless we successfully recover money for you.
About FINRA Arbitration
FINRA arbitration is a streamlined dispute resolution process for securities-related claims. It offers a faster, more cost-effective alternative to traditional court litigation. Most cases are resolved within 12-16 months. Claims generally must be filed within six years of the incident.
Related Brokers and Firms
If you have concerns about your investments with Emerson Equity LLC or experienced similar issues involving real estate securities, you may want to review additional resources on securities fraud and breach of fiduciary duty. Our firm has handled numerous cases involving fraud, breach of fiduciary duty, and securities law violations by financial advisors nationwide.
Frequently Asked Questions
What are the complaints against John Paul Ledesma?
Ledesma is facing three pending FINRA arbitration cases filed in October and November 2025. All three complaints allege violations of federal and state securities laws, breach of fiduciary duty, common law fraud, and negligence involving real estate securities. The alleged conduct occurred between 2022 and 2023 while Ledesma was registered with Emerson Equity LLC.
Can investors recover losses involving Emerson Equity LLC?
Yes, investors who suffered losses due to securities law violations, breach of fiduciary duty, fraud, or negligence may file a claim through FINRA arbitration. Most brokerage agreements contain mandatory arbitration clauses, which require disputes to be resolved through this process rather than in court.
What is FINRA arbitration?
FINRA arbitration is a dispute resolution forum where investors can seek compensation for investment losses caused by broker misconduct or securities violations. The process is overseen by the Financial Industry Regulatory Authority and is binding on both parties. It typically costs less and resolves faster than traditional litigation.
What are real estate securities?
Real estate securities are investment products that involve ownership interests in real estate or real estate-related assets. These can include Real Estate Investment Trusts (REITs), real estate limited partnerships, or private placement offerings involving real estate projects. These investments may carry specific risks that must be fully disclosed to investors.
What is breach of fiduciary duty?
Breach of fiduciary duty occurs when a financial advisor fails to act in the client’s best interest or fails to disclose conflicts of interest. Advisors have a legal obligation to put their clients’ interests ahead of their own and to provide full disclosure of any potential conflicts.
What should I do if I suspect broker misconduct?
First, document all account statements, trade confirmations, and communications with your broker. Second, file a complaint with FINRA and your state securities regulator. Third, contact an experienced securities attorney to discuss your options for recovery through arbitration. Time limits apply, so prompt action is important.
About Patil Law, P.C.
Patil Law, P.C. is a securities litigation firm dedicated to representing investors who have suffered losses due to broker misconduct, unsuitable recommendations, and securities fraud. Founded in 2018 by attorney Chetan Patil, the firm focuses exclusively on FINRA arbitration and investment loss recovery.
With over 15 years of combined experience in securities law, Patil Law has successfully recovered more than $25 million for clients across 1,000+ cases. Attorney Chetan Patil earned his law degree from Case Western Reserve University School of Law. Attorneys Gabriela Dubrocq and Patricia Herrera earned their law degrees from University of Miami. The firm handles cases nationwide involving unauthorized trading, churning, unsuitable investments, breach of fiduciary duty, securities fraud, and failure to supervise.
Patil Law works on a contingency fee basis, meaning clients pay no attorney fees unless the firm successfully recovers money on their behalf. All consultations are free and confidential.
Contact Patil Law for a Free Consultation
If you lost money in your investment account with John Paul Ledesma or Emerson Equity LLC, or if you invested in real estate securities that resulted in losses, contact Patil Law, P.C. for a free, no-obligation consultation. Our experienced securities attorneys can review your case and explain your legal options for recovering losses.
Call us today at 800-950-6553 or email info@patillaw.com.
Disclaimer
The information in this post is based on FINRA BrokerCheck records and public filings. Allegations described are pending or unproven and may be contested. All investors are entitled to fair treatment under securities laws. This is attorney advertising. Prior results do not guarantee a similar outcome. This communication is for informational purposes only and does not create an attorney-client relationship.
