The Financial Industry Regulatory Authority (FINRA) recently barred James Mahan from the securities industry. He was being investigated for selling investments without approval from his firm, JP Morgan. This is against securities rules and regulations. Brokerage firms such as JP Morgan have a responsibility to adequately supervise their representatives who are registered through their firm. Firms must also take steps to ensure that all of their financial advisors follow all securities rules and regulations, as well as internal firm policies. If the firm fails to adequately supervise its brokers, it may be held liable for investment losses sustained by customers.
Mahan was registered with Chase Investment Services Corp in New Braunfels, Texas from May 2010 until January 2011, Merrill Lynch in San Antonio, Texas from January 2011 until May 2015, JP Morgan in New Braunfels from July 2013 until May 2015 and Raymond James in New Braunfels from May 2015 until July 2016. He has one customer dispute against him and is not licensed. FINRA permanently barred him from the industry. If you invested money with James Mahan, please call our securities law firm today to speak to an attorney about your options of suing JP Morgan Securities in the FINRA arbitration process on a contingency fee basis. We may be able to help you recover your losses.
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