According to a recent Letter of Acceptance, Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA), Todd Jones, a former broker with J.P. Morgan was accused of exercising discretion without written authority in the accounts of 12 firm customers and mismarked most of the trades as unsolicited. This is against securities laws and firm rules. Mr. Jones was fined $15,000 and suspended from the industry for four months. According to FINRA, Jones was previously registered with Sanford C. Bernstein & Co. in Seattle, Washington from June 2011 until December 2014, Merrill Lynch in Seattle from December 2013 until November 2014 and J.P. Morgan Securities in Seattle from December 2014 until October 2015. He has been suspended and is not currently registered within the industry.
The posting on this site are mere OPINIONS and NOT statements of fact in any way whatsoever. The information should not be relied upon and there have been no findings made against the firms or individuals referenced on this site. In addition, this Blog is made available for educational purposes only and incorporates information from the web as well as to give you general information and a general understanding of the law, not to provide specific legal advice. By using this blog site you understand that there is no attorney client relationship between you and Stoltmann Law Offices (161 N Clark Street 16th Floor Chicago, IL 60601). The Blog opinions should not be used as a substitute for competent legal advice from a licensed professional attorney in your state.
PLEASE NOTE THIS IS ADVERTISING AND IT IS NOT A NEWSPAPER ARTICLE OR POST FROM AN INDEPENDENT OR NON-BIASED, NEWS SITE, NEWS SOURCE OR NEWSPAPER.