Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) on July 15, 2016 indicate that California-based Independent Financial Group broker/adviser Jennifer Langstaff, also known as Jennifer Vanderkamp, has received resolved or pending customer complaints. The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding Ms. Langstaff (CRD# 2594127).
Jennifer Langstaff has spent 21 years in the securities industry and has been registered with Independent Financial Group in Paso Robles, California since 2013. Previous registrations include LPL Financial in Paso Robles, California; Cal Fed Investments in Sacramento, California; and Invest Financial in Tampa, Florida. She is a registered broker and investment adviser in 11 US states: Alaska, Arizona, California, Florida, Hawaii, Idaho, Michigan, Nevada, North Carolina, Texas, and Utah.
According to her BrokerCheck report, Jennifer Langstaff has received one customer complaint and one pending customer complaint.
In July 2015, a customer alleged Jennifer Langstaff, while employed at Independent Financial Group, sold unsuitable non-traded real estate investment trusts that resulted in losses. The customer is seeking $250,000 in damages in the pending complaint.
In 2011, a customer alleged Jennifer Langstaff, while employed at LPL Financial, recommended unsuitable, speculative, and illiquid investments. The complaint settled in 2013 for $160,000.
In 2011, Jennifer Langstaff paid $122,454.96 to settle a debt of $311,977 with Chase Bank.
A real estate investment trust, or REIT, is an entity that owns assorted forms of real estate, or interests in real estate. As an investment product, REITs use the combined funds from a pool of investors to purchase real estate property; they can be publicly traded or privately held, traded on the stock market or not traded at all. As such, they are highly illiquid investments. While they have the benefit of extending new opportunities to investors who otherwise could not access certain real estate investments, non-traded REITs may be particularly risky for short-term investors and even long-term investors. They are additionally taxed on an individual level and can lead to property taxes as high as 25% of the sum operating expenses. Investment professionals who recommend unsuitable REITs may be subject to disciplinary action by FINRA or the Securities and Exchange Commission.
If you have lost money investing with Jennifer Langstaff, also known as Jennifer Vanderkamp, you may be able to recover your losses. Call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. All cases are taken on a contingency basis: Fitapelli Kurta only gets paid if and when you collect funds. Time to file your claim may be limited, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.