J.P. Morgan Sued By Customers Alleging Misrepresentation

Zachary Aaron Morris (CRD#: 5939621, Atlanta, Georgia) has been a registered representative of J.P. Morgan Securities LLC since June 23, 2011. Morris has reported on FINRA BrokerCheck that his sales activities involving a J.P. Morgan Securities LLC customer have led the customer to file Financial Industry Regulatory Authority (“FINRA”) Arbitration Case #18-00856, alleging unsuitability and misrepresentation. The customer alleged that Morris made misstatements to the customer about mutual fund investments that the customer held between January 2018 and February 2018. Additionally, the customer claimed Morris sold unsuitable investments for the customer’s managed account. As a result of the alleged misrepresentations and unsuitable investments, the customer is seeking $120,000.00 in damages. The case is pending.

J.P. Morgan Allegedly Sells Unsuitable Investments

Jeffrey Stephen Diamond (CRD#: 1399171, Atlanta, Georgia) – also a J.P. Morgan Securities LLC registered representative since September 26, 1996, has been alleged by the customer in FINRA Arbitration Case#18-00856 to have sold the customer unsuitable investments and made misrepresentations to the customer. Like Morris, Diamond denies the customer’s allegations. Diamond also reported that the customer is seeking $120,000.00 in damages.
Edgard A. Kleydman (CRD#: 2727571, Brooklyn, New York) was a registered representative of J.P. Morgan Securities LLC between October 1, 2012 and December 8, 2015. J.P. Morgan Securities LLC indicated on Kleydman’s FINRA BrokerCheck report that Kleydman’s activities in the customer’s account in November 2014 caused the customer to file FINRA Arbitration Case #17-02250. According to the customer, Kleydman made or recommended unsuitable stock trades. Eventually, J.P. Morgan Securities LLC and the customer agreed for the customer to be provided $55,000.00 to settle the matter. Kleydman has been an AXA Advisors, LLC registered representative in Brooklyn, New York since December 2, 2015.

Have you experienced investment losses from the misconduct of J.P. Morgan registered representatives such as Zachary Aaron Morris, Jeffrey Stephen Diamond, or Edgard A. Kleydman? If so, contact Soreide Law Group at (888) 760-6552 and speak with an experienced attorney about the possibility of recovering your investment losses. Soreide Law Group represents clients nationwide and only charges a fee upon recovery of investment losses.