JP Morgan Discharges Stockbroker For Unauthorized Trading
Ernesto David Ramirez of Coral Gables Florida a stockbroker formerly employed by J.P. Morgan Securities LLC has been discharged on April 7, 2017 based upon accusations that (1) Ramirez violated the firm’s policy by mismarking trades in customers account to make them appear as though they were not solicited by customers and (2) Ramirez violated the firm’s policy by effecting trades in customer accounts without procuring confirmation from customers beforehand.
Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that Ramirez has been identified in two customer initiated investment related disputes containing allegations of Ramirez’s violative conduct while employed with J.P. Morgan Securities LLC. Specifically, on January 6, 2016, a customer filed an investment related complaint concerning Ramirez’s activities in which the customer requested $30,000.00 in damages supported by accusations that the customer was provided bad investment advice concerning the investments held in the customer’s managed account.
Ramirez has been registered with OneAmerica Securities Inc. since May 14, 2018. Since April 2, 1997, Ramirez has been associated with eleven different securities broker dealers, six of which have been expelled by securities regulators for violation of federal securities laws or are otherwise defunct.