Category Archives: J.P. Morgan Securities

James E. Mahan-Former Raymond James Broker-Sanctioned by Securities Regulator

August 2016-New Braunfels, Texas

The FINRA records of  James E. Mahan,  a  former stockbroker who most recently worked for Raymond James Financial Services  disclose a recent regulatory matter resulting in his permanent bar from the industry.

The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.

In August 2016, Mahan, without admitting or denying the findings, consented to a permanent bar from the securities industry and entry of findings that he refused to appear for on the record testimony requested by FINRA related to an internal review for recommending an unapproved outside investment to a client of the firm. FINRA Case 2015047115101.

Mahan was registered with Raymond James Financial Services from 5/2015-7/2016. Prior to that he was registered with J.P Morgan , Merrill Lynch and Chase Investments Services. Mahan was also affiliated with South Texas Capital Advisors. 

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Marco Mendoza- San Antonio Broker (J.P. Morgan) Barred From Securities Industry

January 11, 2016- San Antonio, Texas

Marco A. Mendoza , formerly a broker with J.P. Morgan Securities was permanently barred from the securities industry, for failing to respond to FINRA request for information.  according to FINRA records. Case # 2015044931401.

Mendoza was discharged from J P Morgan in March 2015On the official FINRA report, the company stated that Mendoza used correction fluid on a bank related document completed by a bank customer in violation of company policy.

Mendoza was registered with J.P. Morgan Securities from 10/2012-3/2015. Prior to that he was registered with Chase Investment Services. 

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Former JP Morgan Broker From Huffman Texas Sanctioned by Securities Regulators

August 5,  2015- Huffman, Texas 

Charlotte Ann Guin  entered into a Letter of Acceptance Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA) to resolve allegations that she failed to provide documents and information during the course of a FINRA investigation into allegations that Guin converted the funds of a non-firm customer.

AWC No. 2015045263801

Guin  was  barred from the securities industry.

According to FINRA records, Guin was registered with J.P. Morgan Securities  from 6/2011-4/2014. Prior to that she was registered with Banc One Securities Corp.  from 2/2000-10/2003.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Sam Stull-Grapevine Texas StockBroker-Sanctioned for Forgery

March 30, 2015, Grapevine, Texas 

Sam Marshall Stull  entered into a Letter of Acceptance, Waiver and Consent  (AWC) with the Financial Industry Regulatory Authority (FINRA) to resolve allegations that he forged the signatures of customers on firm documents including beneficiary information sheets, investment switch letters and account profile confirmations.

The findings also state that Stull failed to provide documents and information related to an investigation of the forgery.

Stull   was permanently  barred from association with any FINRA member.

FINRA Case # 2014042589601

According to FINRA records, Stull was registered as follows:

  • TD Ameritrade                     9/2014-10/2014
  • J.P. Morgan Securities       8/2013-8/2014
  • TD Ameritrade                      9/2010-7/2013
  • Fidelity Brokerage               11/2007-8/2010

If you suffered losses in an account handled by Stull you may be able to recover damages from his employing firm. Call to discuss your legal options.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Kamran Nougzust -Boynton Beach- Wells Fargo Stock Broker Barred From Industry

March 5, 2015-Boynton Beach, FL

Kamran Daryush Nougzust   entered into a Letter of Acceptance, Waiver and Consent  (AWC) with the Financial Industry Regulatory Authority (FINRA) to resolve allegations that  Nougzust failed to provide information in connection with a  FINRA investigation that he improperly obtained about $99,500 from a bank trust account. By failing to provide the documents and information, Nougzust violated FINRA Rules 8210 and 2010

Nougzust was barred from the securities industry.

FINRA Case # 20140435530

According to FINRA records, Nougzust was registered with Wells Fargo Advisors from 10/2013-11/2014. Prior to that he was registered with J.P. Morgan Securities and Chase Investment Services.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Former J.P. Morgan Securities Broker Barred from Securities Industry

February 23, 2015

Alen Alic  entered into a Letter of Acceptance, Waiver and Consent  (AWC) with the Financial Industry Regulatory Authority (FINRA) to resolve allegations that in September 2014, while working as a teller for JPMorgan  Chase Bank, an affiliate of J.P. Morgan Securities, he misappropriated $3,000 from the bank by taking cash from his teller drawer and converting it to his personal use.

Alic was barred from associating with any FINRA member in any capacity.

FINRA Case # 2014043420501

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

J.P. Morgan Broker in Oak Park, IL, Sanctioned by Securities Regulator

January 27, 2015-Oak Park, Illinois

Paul DeFilippis  entered into a Letter of Acceptance, Waiver and Consent  (AWC) with the Financial Industry Regulatory Authority (FINRA) to resolve allegations that in 2011 he became concerned about a 90 year old customer, with failing health and mental capabilities, who was withdrawing money to give to a younger woman who had a criminal record.

In order to help the elderly client conserve assets, DeFilippis set up a trust, closed the customer’s securities account, withdrew the money and transferred the customer funds into a new account. By causing the withdrawal of a bank customer’s funds and depositing them into an account in his own name, DeFilippis failed to observe high standards of commercial honor and just equitable principles of trade, in violation of FINRA Rule 2010.

DeFilippis was suspended by FINRA for two years and fined $5,000.

According to FINRA records, DeFilippis was registered with J.P. Morgan Securities from 10/2012-11/2013. Prior to that he was registered with Chase Investment Services.

Case # 2013039089201

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870