JP Morgan Broker Barred By FINRA For Failure To Cooperate

Michael Ray Matos of Whippany New Jersey a stockbroker formerly registered with J.P. Morgan Securities LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that Matos failed to respond to FINRA personnel’s request for information. Case No. 2017056198201 (May 16, 2018).

According to FINRA Public Disclosure, FINRA provided Matos a Notice of Suspension on February 13, 2018. He was suspended by FINRA on May 16, 2018. Matos was reportedly given until May 15, 2018 to seek that his suspension be terminated; however, Matos failed to comply. Consequently, FINRA indefinitely barred Matos in all capacities on May 16, 2018.

Matos was terminated from JPMorgan Chase Bank on October 20, 2017. Apparently, he resigned during the time that the firm had reviewed his activities for inaccurately entering information into a banking system to process transactions; this violated the code of conduct of the firm.

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