Stoltmann Law Offices is investigating David J. Sullivan, a former broker with J.P. Morgan Securities. Sullivan recently entered into a Letter of Acceptance, Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA). He is accused of effecting numerous transactions in three accounts of a customer without obtaining prior written authorization from the client. This is against securities rules and regulations. For this, he was suspended from associating with any FINRA member firm in any and all capacities for a period of 15 business days and fined $5,000.
Sullivan was registered with Smith Barney, Harris Upham & Co Inc. from July 1987 until August 1988, A.G. Edwards & Sons in St. Louis, Missouri from August 1988 until January 1990, Lehman Brothers in New York, New York from January 1990 until July 1993, Smith Barney in New York from July 1993 until September 1994, Janney Montgomery Scott in Philadelphia, Pennsylvania from September 1994 until December 1997, UBS Painewebber in Weehawken, New Jersey from December 1997 until May 2002, RBC Dain Rauscher in Wellesley Hills, Massachusetts from May 2002 until October 2007, Banc of America Investment Services in Newton, Massachusetts from October 2007 until October 2009, Merrill Lynch in Newton from October 2009 until September 2011 and J.P. Morgan Securities in Boston, Massachusetts from September 2011 until January 2015. He is currently registered with Winslow, Evans & Crocker in Boston and has been since February 2015. He has two customer disputes against him, according to his FINRA BrokerCheck report.
If you invested money with David J. Sullivan, you may be able to sue his former firm, J.P. Morgan Securities, in the FINRA arbitration forum. They had a duty to reasonably supervise him while he was employed there. They may be responsible for investment losses. Please call our securities law firm in Chicago for a free consultation with an attorney.
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.