Last Updated: October 2024 (Fort Wayne, Indiana)
Jennifer Medlin Financial Advisor Fraud Alert
National securities fraud lawyers Patil Law P.C. are investigating broker Jennifer Medlin (CRD #6542270), who is currently employed at Fifth Third Securities in Fort Wayne, Indiana. She has faced customer complaints related to the failure to disclose important information about the risks associated with certain investment products.
Jennifer Medlin (CRD #6542270) is a financial advisor with several years of experience, currently working at Fifth Third Securities in Fort Wayne, Indiana. However, her record includes a customer dispute alleging failure to disclose market risks associated with a structured note investment, raising concerns about her transparency with clients. Below, we provide further details on her background and the customer complaint that potential investors should consider.
Critical insights about Fort Wayne IN stockbroker Jennifer Medlin:
- Advisor Name: Jennifer Medlin
- CRD: 6542270
- Location: Fort Wayne, Indiana
- Current Employer: Fifth Third Securities, Inc.
- Classification: Stockbroker + Financial Advisor
- Primary Location: Fort Wayne, IN
- Can Jennifer Medlin be sued in private FINRA arbitration: Yes
- Has Ms. Medlin been barred by FINRA: No
- Highest Damages Allegation: $25,521
- Pending Customer Dispute: No
If you have suffered investment losses by Jennifer Medlin, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining a breach of fiduciary duty lawyer. Reach out to the legal team at Patil Law P.C. via the secure online form or call the firm directly toll-free at (800) 950-6553.
Lost Money With Stockbroker Jennifer Medlin?
A customer of Fifth Third Securities alleged that Jennifer Medlin failed to properly disclose the market risk associated with a structured note product. The complaint was filed on November 17, 2022, with the customer seeking $25,521 in damages. The complaint was denied on November 25, 2022, with no compensation granted to the client.
Allegations of Broker Misconduct Against Jennifer Medlin
Customers of Jennifer Medlin have alleged the following misconduct in connection with her handling of their accounts:
- Failure to Disclose: Medlin has been accused of failing to inform customers of the market risks associated with certain structured note products.
Brokers are required to comply with FINRA Rule 2111, which mandates that investment recommendations be suitable for clients based on their financial profiles. Allegations against Medlin suggest possible violations of this rule, although no formal regulatory actions or terminations have been reported.
FINRA Rule 2111, the Suitability Rule, requires brokers to have a reasonable basis to believe that a recommended transaction or investment strategy is suitable for the customer, based on the customer’s financial situation, needs, and investment profile. This rule covers the three key obligations: reasonable-basis suitability (the recommendation must be suitable for at least some investors), customer-specific suitability (the recommendation must be appropriate for that particular customer), and quantitative suitability (ensuring that the number of recommended transactions is not excessive). Related rules include FINRA Rule 2090, the Know Your Customer Rule, which mandates that brokers understand their clients’ investment profiles to provide suitable advice.
Broker Experience Summary
Jennifer Medlin (CRD #6542270) is a financial advisor currently employed at Fifth Third Securities, Inc., where she has been registered since February 2020. She has passed two general industry/product exams, including the Securities Industry Essentials (SIE) and Series 7 – General Securities Representative Examination. Additionally, she passed the Series 65 – Uniform Investment Adviser Law Examination in August 2018 and the Series 63 – Uniform Securities Agent State Law Examination in May 2016. Medlin is licensed to operate in 11 U.S. states and territories, including Indiana, Ohio, Texas, and Florida.
Before joining Fifth Third Securities, Medlin held positions at Merrill Lynch, Pierce, Fenner & Smith Incorporated from 2018 to 2020 and Scottrade, Inc. from 2016 to 2018. Throughout her career, she has been involved in advisory and brokerage roles, providing financial guidance to clients across various states.
Negative Disclosures and Customer Disputes
Jennifer Medlin has one customer dispute reported on her record:
- Customer Dispute (2022): A customer filed a complaint against Medlin on November 17, 2022, alleging that she failed to disclose the market risks associated with a structured note The customer sought $25,521 in damages. The case was denied on November 25, 2022, with no settlement or compensation.
There are no additional regulatory actions, terminations, or financial disclosures (such as tax liens) recorded for Medlin.
Allegations and Accusations
The following allegations have been made against Jennifer Medlin:
- Failure to Disclose Market Risks: Medlin was accused of not adequately informing a customer about the risks associated with a structured note investment, leading to a customer dispute. The case was ultimately denied, and no compensation was awarded.
No formal terminations or regulatory actions have been reported against Medlin, and the customer dispute is the only disclosure event listed.
Patil Law P.C. Will Help You Recover Your Investment Losses
If you have suffered investment losses in an account handled by Jennifer Medlin or have a question about the performance of your account, please contact Attorney Patil online or (800) 950-6553 for a free initial consultation.
Our cases are handled on a contingency basis. We don’t get paid unless we win for you.
