One or more investors possibly experienced losses due to securities broker Christopher Tito Jumalon II [CRD: 6584031, Sandy Springs, Georgia], according to publicly available information found on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Christopher Jumalon worked for Navy Federal Investment Services LLC from October 7, 2019 to August 8, 2024, and for Wells Fargo Clearing Services LLC from August 29, 2018 to September 24, 2019. Keep reading to find out more about Jumalon’s disclosures and what they could mean for affected investors.
Particularly, on August 9, 2024, a Navy Federal Investment Services LLC client filed a complaint about Christopher Jumalon. Allegedly, Jumalon improperly moved the client’s funds, made omissions about investments, and engaged in unauthorized trading. For this reason, the client allegedly incurred damages linked to variable annuities, fixed annuities, brokerage accounts, and managed accounts. Consequently, the client requested compensation from Navy Federal Investment Services LLC or Jumalon. The dispute was closed with no action taken.
In addition, Navy Federal Investment Services LLC disaffiliated with Jumalon on July 10, 2024. Allegedly, Jumalon failed to follow procedures and policies concerning the submission of client documents.
Additionally, a client filed a complaint about Christopher Jumalon. Allegedly, Jumalon committed a sales practice violation by failing to process paperwork for annuities. Because of this, the client allegedly sustained damages. Therefore, on March 25, 2024, Navy Federal Investment Services LLC settled this matter by paying the client $11,100 in damages.
Do you have concerns or questions regarding investments you made with Christopher Jumalon? If so, reach out to Soreide Law Group at (888) 760-6552 or online. Speak with a securities attorney about a potential recovery. For years, Soreide Law Group has helped to recoup losses for investors throughout the country. Also, the firm handles cases on a contingency fee arrangement and advances the costs. Jumalon and brokerage firms Jumalon worked for deny accusations of sales practice violations.
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