Category Archives: J.P. Morgan Securities

Jesse McGuire- Former J.P. Morgan Broker-Barred by Securities Regulator- Humble, TX

April 2020- Houston, TX

The FINRA records of Jesse O. McGuire, a broker previously employed  by  J.P. Morgan Chase Bank, disclose  a regulatory event resulting in his bar from the securities industry and a termination from employment.

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 September 2019, McGuire was permanently barred from the securities industry by the Securities and Exchange Commission after allegations that he refused to appear for on-the-record testimony as requested by FINRA .

McGuire was employed with J.P. Morgan Chase Bank  from April of 2010 to June of 2019 when he was discharged for failure to respond timely to firm inquiries regarding potential reportable events including the status of his Texas Insurance License, in violation of firm policy.

If you have problems in an account  handled by Jesse McGuire call for a no charge consultation .

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.

International Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

John Torres-FormerJP Morgan Broker- Discloses Pending Customer Disputes- Northridge, CA

January 2020 – Northridge, CA

According to publicly available records John Luis Torres (CRD#6322231) ,  a  former stockbroker discloses a regulatory event resulting in his bar from the industry , 2 pending customer disputes and a termination from employment.

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 January 2019, FINRA case #2018059605301 was initiated alleging Torres failed to respond to FINRA request for information.   In April 2019 FINRA permanently barred Torres from the securities industry.

In September 2018,  a customer of JP Morgan Chase Bank, an affiliate of JP Morgan Securities, alleged misrepresentations and aiding and abetting theft of its funds entrusted to a customer of affiliate bank and seeks damages of $1,603,200.

In 3/2019 a customer of J.P. Morgan Securities filed FINRA case 19-714 alleging that funds were misappropriated and is seeking damages of $860,000.

Torres was employed by JP Morgan Chase Bank from  April 2014 until August 2018,   when he was discharged after allegations that he opened an affiliate bank account for a customer after being directed not to do so by the affiliate bank’s global security department.

If you have questions about an investment account handled by John Torres contact us for a no charge consultation to learn about 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

Charlotte Guin-Former J.P. Morgan Securities Broker-Subject of $10M+ Lawsuit-Huffman, Texas

May 2018- Huffman, Texas 

According to FINRA records, Charlotte A. Guin,  a  former stockbroker who was last  employed by J.P. Morgan Securities , disclose  a prior regulatory event a termination from employment and a pending dispute by a former customer who is seeking damages in excess of $10 million.

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 currently pending Case2016-76988, Harris County, Texas, a former J.P. Morgan Securities customer alleges that Guin diverted funds from the clients accounts held at a firm affiliate and that Guin made false loan guarantees and misrepresentations from 2004-March 2015. The customer seeks an amount of damages in excess of $10 million.

In 2015 Guin   entered into a Letter of Acceptance Waiver and Consent (AWC) with the 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. Guin agreed to a permanent bar from the securities industry. AWC No. 2015045263801

According to FINRA records, Guin was registered with J.P. Morgan Securities  from 6/2011-4/2015. She was discharged by J.P. Morgan who made the following allegation on her FINRA record: “Employee had potentially recommended an unapproved outside investment to a client that was not disclosed to the firm”

If you have questions about an account handled by Charlotte Guin, call for a no charge consultation 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.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Richard Minichino-Former NEXT Financial Group Broker-Terminated From Employment-Wappingers Falls, NY

January 2019- Wappingers Falls, NY

The FINRA records of Richard V. Minichino , a former stockbroker who was last employed  by NEXT Financial Group , disclose  that he was barred by securities regulators, a recent termination from employment, a recently settled customer dispute and several currently outstanding judgement/liens.

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 12/2018, FINRA permanently barred Minichino from the securities industry for failing to respond to a FINRA request for information.

In April 2018 a customer of NEXT Financial Group alleged that Minichino advised him to rollover several annuity IRAs into other investments and at no time was advised of the tax rule that allows only one rollover per tax year. The claim was settled for $56,671.

Minichino was employed by NEXT Financial Group  from 2/2016-2/2018, when he was discharged by NEXT Financial who made the following allegation on Minichino’s‘ FINRA record: “discharged after an internal review involving trading in a customer’s accounts that appeared to be unsuitable” 

Minichino’s  prior employment includes: Wunderlich Securities, J.P. Morgan Securities and Chase Investment Services. 

Brokers have a duty to make investment recommendations that are suitable taking into account the age, health, financial sophistication and risk tolerance of the individual.

If you have questions about an account handled by RIchard Minichino contact us for a no charge consultation to learn how you may be able to recover damages through FINRA arbitration.

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

National Toll Free: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

James E. Mahan-Former Raymond James Broker-Sanctioned by Securities Regulator-New Braunfels, TX

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 securities 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 in New Braunfels, TX .

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