Jaysen Piche has spent eleven years in the securities industry and has been registered with Ameriprise Financial Services in Honolulu, Hawaii since 2004. Previous registrations include IDS Life Insurance Company in Minneapolis, Minnesota (2004-2006) and AXA Advisors in New York, New York (2004). He is a registered broker and investment adviser in five US states: Arizona, California, Hawaii, Nevada, and North Carolina.
According to his BrokerCheck report, Jaysen Piche is the subject of one customer complaint and one denied customer complaint.
In 2014 a customer alleged Jaysen Piche, while employed at Ameriprise Financial Services, recommended she invest $30,000 in an Inland Western real estate investment trust (REIT) that was unsuitable given her age and need for liquidity. She additionally alleged that the paperwork for the investment was completed inaccurately. The complaint settled in 2015 for $2,000.
In 2012 a customer alleged Jaysen Piche, while employed at Ameriprise Financial Services, misrepresented and recommended an unsuitable REIT. The customer sought $30,000 in damages in the complaint, which was denied.
A real estate investment trust, or REIT, is an investment entity that owns various forms of real estate or interests in real estate. REITs use the combined funds from a pool of investors to purchase real estate property; they can be publicly traded or privately held. Consequently, REITs are highly illiquid investments. They open new investment opportunities to investors who otherwise could not access certain real estate investments, but 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.
If you have lost money investing with Jaysen Piche and/or in REITs, call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 without delay. You may be entitled to recoup your losses. We accept all cases on contingency: Fitapelli Kurta only gets paid if and when you collect money. Time to file your claim may be limited, so we recommend you avoid delay. Call 877-238-4175 now to speak to an attorney for free.