History Of Nedjeen Baptiste
Baptiste first became registered with FINRA as an Investment Company and Variable
Contracts Products Representative in May 2015. Baptiste was registered with FINRA in
that capacity through an association with J.P. Morgan Securities LLC (CRD No. 79) from
May 2015 to July 2020.
On July 14, 2020, J.P. Morgan filed a Uniform Termination Notice for Securities
Industry Registration (Form U5) stating that Baptiste’s registration was terminated
because her “position no longer requires registration.” On August 24, 2020, J.P. Morgan
filed an amended Form U5 disclosing that an internal review concerning Baptiste had
concluded that she “was participating in an unapproved outside business activity.”
Baptiste is not currently registered or associated with a FINRA member firm. However,
she remains subject to FINRA’s jurisdiction pursuant to Article V, Section 4 of FINRA’s
Nedjeen & Fraud Report
This matter originated from FINRA’s investigation concerning the amended Form U5
filed by J.P. Morgan.
FINRA Rule 8210(a)(1) states, in relevant part, that FINRA may require a person subject
to its jurisdiction “to provide information orally, in writing, or electronically … with
respect to any matter involved in [a FINRA] investigation [or] examination.” FINRA
Rule 8210(c) further states that “[n]o … person shall fail to provide information …
pursuant to this Rule.” A violation of FINRA Rule 8210 is also a violation of FINRA
Rule 2010, which requires member firms and their associated persons to “observe high
standards of commercial honor and just and equitable principles of trade.”
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On February 4, 2021, in connection with its investigation into Baptiste’s potential
participation in an unapproved outside business activity, FINRA sent a request to
Baptiste for the production of information and documents pursuant to FINRA Rule 8210.
As Baptiste’s attorney stated in an email to FINRA on February 18, 2021, and by this
agreement, Baptiste acknowledges that she received FINRA’s request and will not
produce the requested information or documents at any time. By refusing to produce the
information or documents as requested pursuant to FINRA Rule 8210, Baptiste violated
FINRA Rules 8210 and 2010.
Penalties, Punishments & Sanctions
” a bar from associating with any FINRA member in all capacities.
Respondent understands that if she is barred or suspended from associating with any
FINRA member, she becomes subject to a statutory disqualification as that term is
defined in Article III, Section 4 of FINRA’s By-Laws, incorporating Section 3(a)(39) of
the Securities Exchange Act of 1934. Accordingly, she may not be associated with any
FINRA member in any capacity, including clerical or ministerial functions, during the
period of the bar or suspension. See FINRA Rules 8310 and 8311.
Nedjeen Baptiste Review
Baptiste failed to provide information and documents that were requested pursuant to
FINRA Rule 8210, in violation of FINRA Rules 8210 and 2010.
Who is the Financial Adviser?
A financial adviser or advisor is a professional who offers financial services to clients based on their financial situation. In several countries, financial advisors have to finish specific training and register with a regulatory body to provide advice.
How To Spot A Fraud Finance Advisor (Infographic)
Help For Victims Of Nedjeen Baptiste
If you have lost funds because of misrepresentation, unsuitable investment, or unsuitable investment strategy from Nedjeen Baptiste. Then you can take legal action and get justice. Fraud, Malpractice & dereliction of duty should not be taken lightly, especially in this industry. We highly suggest that you notify authorities or seek legal action if your financial advisor or brokerage firm fails to abide by FINRA’s rules are regulations.
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Financial advisors are regulatory & legally obligated to suggest (recommend) the most suitable investments/investment strategies to their clients. Their suggestions should have their client’s best interests and should be appropriate for their client’s goals and needs. Similarly, the brokerage firm which hires financial advisors also has a regulatory & legal obligation to keep a close watch and supervise their Financial Advisors’ practices & behavior. They need to make sure that the financial advisor is not being manipulative or having an unreasonable bias towards certain investments. If the financial advisor and/or the brokerage firm breaches these duties, then the client/customer may be entitled to a full or partial recovery of their losses.
Financial advisors need to have the interest of their clients when giving suggestions related to investments and investment strategies. Reasonable basis suitability requires the advisor to do their best to analyze & identify the risks and rewards associated with their suggested investment and/or investment strategy.