According to a recent Letter of Acceptance, Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA), Todd Jones, a former broker with J.P. Morgan was accused of exercising discretion without written authority in the accounts of 12 firm customers and mismarked most of the trades as unsolicited. This is against securities laws and firm rules. Mr. Jones was fined $15,000 and suspended from the industry for four months. According to FINRA, Jones was previously registered with Sanford C. Bernstein & Co. in Seattle, Washington from June 2011 until December 2014, Merrill Lynch in Seattle from December 2013 until November 2014 and J.P. Morgan Securities in Seattle from December 2014 until October 2015. He has been suspended and is not currently registered within the industry.
Let Us Get Your