July 2021- New York, NY
According to publicly available records Evan Schottenstein (CRD#4929175), a former stockbroker who last worked for J.P. Morgan Securities (JPMS), has been permanently barred from FINRA.
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 December of 2021, in case #2019063430401, FINRA alleged that Schottenstein refused to provide on the record testimony requested by FINRA in connection with its investigation regarding issues raised in the From U5 filed by his former member in which he was terminated for concerns related to trading activity for the account of a family member and the accuracy of the records regarding the same. Schottenstein was permanently barred as a result of this investigation.
In July 2019, a JPMS customer filed FINRA case #19-02053 alleging constructive fraud/abuse of fiduciary duty; fraudulent misrepresentations and omissions and elder abuse in violation of Chapter 415, FL Statutes. The customer was awarded $9,000,000 which was paid by Schottenstein individually.
In June 2019, Schottenstein was discharged by JPMS after concerns relating to trading activity for the account of a family member, and the accuracy of the records regarding the same.
Schottenstein had worked for J.P. Morgan Securities since June of 2009.
If you had an account with Evan Schottenstein that suffered losses, you may be entitled to collect damages from his prior employer. Call to discuss your 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.
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