You can recover your money losses with Jesse Holovacko by bringing a claim against his former firm, Merrill Lynch, in the Financial Industry Regulatory Authority (FINRA) forum on a contingency fee basis. We are Chicago-based securities attorneys who help clients recover their investment losses by suing firms like Merrill Lynch. Please call 312-332-4200 today for a no-fee, no-obligation consultation with one of our securities attorneys. Please call today as there are statutes of limitations on most cases.
Mr. Holovacko was accused of telling his client he would use retirement account funds to purchase bonds for him and advised the client to transfer funds from the IRA to his bank account. He then asked the client to provide cashier’s checks made out to Holovacko, in order to purchase the bonds for him. In all, there were 18 cashier’s checks totaling approximately $225,000 and deposited the checks into his own bank account. He allegedly spent the money on his own personal expenses. He was also accused of alleged misrepresentation and omission of material facts as well as misrepresentation and omission of material facts and suitability regarding a variable annuity purchased in November 2013 and unauthorized trading, according to his FINRA public BrokerCheck report.
He was previously registered with UBS Financial Services in Edison, New Jersey from September 2006 until November 2011, and Merrill Lynch in Edison from November 2011 until September 2014. He has eight customer disputes against him. He has been permanently barred from the industry.
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