Advisor John Jay Kersey Permitted to Resign By Northwestern Mutual

CINCINNATI, OHIO

Are you a former client of financial advisor John Jay Kersey in Cincinnati, Ohio?  Mr. Kersey was “permitted to resign” by his former brokerage firm, Northwestern Mutual.

According to his BrokerCheck report linked below, John Jay Kersey had been with Northwestern Mutual since 2001.  He was permitted to resign while under internal review for taking money from a customer and creating false account statements which overstated investment account values.  Moreover, the report also discloses that Kersey allegedly admitted to taking the customer money and depositing it in an account away from the firm.

John Jay Kersey worked in Cincinnati, Ohio.  He was previously suspended for one month in 1999 for the “mishandling of a customer’s funds”.

Brokerage firms like Northwestern Mutual must sufficiently monitor the conduct of their advisors per FINRA Rule 3110.  If the firm failed to adequately supervise its advisor, then the brokerage firm could be responsible for any losses.

View Kersey j BrokerCheck 7.25.23

If you lost money with John Kersey or Northwestern Mutual, please CONTACT ISRAELS & NEUMAN at 206-795-5798 for a free evaluation of your case.