According to FINRA, Jessica Y. Jung was fined $5,000 and suspended from association with any FINRA member firm for one month for mismarking order tickets, causing her firm to maintain inaccurate books and records.

Jung mismarked order tickets in her firm's electronic order entry system for separate customer accounts involving the purchase and/or sale of a speculative security. Had the tickets been marked correctly, the transactions would not have been permitted by the firm's systems.

By mismarking the orders, Jung circumvented the firm's controls designed to prevent certain speculative trades. One affected customer later complained after losing approximately $300 on one of the trades and was reimbursed by the firm. No other customers complained, and Jung did not earn commissions on any of the trades at issue.

This conduct caused the firm to maintain inaccurate books and records, as the order tickets did not accurately reflect the nature of the transactions. Accurate records are essential for regulatory oversight and for firms to monitor their representatives' activities.

While the customer losses were minimal and Jung did not personally benefit, the act of circumventing firm controls through false documentation is a serious violation. Firms rely on accurate order information to implement their compliance policies and protect customers from unsuitable investments.

The one-month suspension was served from December 2, 2024, through January 1, 2025.