JP Morgan Broker Barred In Theft Investigation
Leona Lynn Parsons of Imperial Beach California a stockbroker formerly employed by J.P. Morgan Securities LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that she failed to cooperate with FINRA personnel in an investigation into Parsons’ alleged unauthorized withdrawals from a customer’s account. Letter of Acceptance Waiver and Consent No. 2018057498301 (May 23, 2018).
According to the AWC, in February of 2018, FINRA was notified by J.P. Morgan Securities LLC that Parsons had been discharged based upon accusations that she (1) effected withdrawals from a customer’s account and failed to provide all of the funds to the customer and (2) furnished withdrawal forms containing signatures of the customer which were not authentic.
The AWC stated that on May 8, 2018, Parsons was sent correspondence from FINRA seeking that Parsons provide recorded testimony on May 18, 2018 in reference to J.P. Morgan’s basis for terminating her. The AWC stated that Parsons e-mailed FINRA personnel on May 9, 2018 to confirm that she received FINRA’s request but would not testify in FINRA’s investigation. FINRA found that Parsons’ refusal to cooperate was violative of FINRA Rules 2010 and 8210.
The information contained herein has been obtained from reliable sources however may not be accurate and is not guaranteed by us. Readers are encouraged to undertake their own independent investigation and evaluation of the relevant facts. All claims and allegations are subject to adjudication, decisions may be subject to appeal, and no inference is intended, nor should any inference be made from any information contained herein from any source.
This posting and the information on our website is for general information purposes only. This content should be not considered legal advice, and any responses, comments, e-mails, or other communications do not form any attorney client relationship. Attorney Advertisement. See Important Disclaimer
Guiliano Law Group
Our practice is limited to the representation of investors. We accept representation on a contingent fee basis, meaning there is no cost to you unless we make a recovery for you. There is never any charge for a consultation or an evaluation of your claim. For more information, contact us at (877) SEC-ATTY.
For more information concerning common claims against stockbrokers and investment professionals, please visit us at stockbrokerfraud.com
To learn more about FINRA Securities Arbitration, and the legal process, please visit us at securitiesarbitrations.com