William Howard Desser of Los Angeles California a stockbroker currently registered with J.P. Morgan Securities LLC is referenced in a customer initiated investment related arbitration claim which was resolved for $1,300,000.00 in damages founded on accusations that (1) Desser effected unauthorized transfers of funds from the customer’s account (2) Desser utilized the customer’s assets impermissibly to execute loans and assess commissions and fees and (3) Desser placed the customer in over-the-counter equities, municipal debt investments and banking products that were not suitable for the customer. Financial Industry Regulatory Authority (FINRA) Arbitration No. 16-00041 (Oct. 31, 2017).

FINRA Public Disclosure confirms that Desser is referenced in five additional customer initiated investment related disputes containing allegations of his misconduct while employed with J.P. Morgan and Bear Stearns. Specifically, a customer initiated investment related complaint concerning Desser’s conduct was settled for $30,000.00 in damages supported by accusations that Desser effected unauthorized and unsuitable trades in the customer’s account.

Then, on May 8, 2009, a customer initiated investment related complaint regarding Desser’s activities was resolved for $39,683.58 in damages based upon allegations of Desser’s failure to follow the customer’s instructions of liquidating mutual funds from the customer’s investment portfolio.

On April 15, 2009, another customer filed an investment related complaint involving Desser’s activities in which the customer requested $70,107.00 in damages founded on accusations that the customer’s hedge fund redemption request had not been followed. And on July 22, 2010, a customer filed an investment related complaint concerning Desser’s conduct where the customer sought $39,779.32 in damages supported by allegations that certificate of deposit and equity transactions executed in the customer’s account were not suitable for the customer.

Desser has been employed by J.P. Morgan Securities LLC since September 19, 1998.

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. Questions or comments regarding the source or accuracy of any information, including any subsequent developments, should be directed to [email protected].

This content should be not considered legal advice, and any responses, comments, e-mails, other communications do not form any attorney client relationship. Attorney Advertisement. See Important Disclaimer.

Guiliano Law Group, P.C.

Our practice is limited to the representation of investors. Over the last three decades, we have recovered more than a hundred million dollars for more than 1,000 injured investors from all over the United States and several foreign countries. We accept representation purely 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 confidential 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

Stockbroker Fraud. Securities Arbitration and Investment Fraud Lawyers.  
National Practice. Contingent Fee. Confidential Free Consultation. (877) SEC-ATTY

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