FINRA Sanctions Jasmit Singh

Soreide Law Group is investigating possible investor claims against Jasmit Singh (also known as Jasmit Singh) (CRD: 6483304, New York, New York). Evidently, FINRA sanctioned the securities broker, who worked for J.P. Morgan Securities LLC. Allegedly, Singh engaged in private securities transactions and engaged in an undisclosed outside business activity. Here is a brief summary of FINRA’s allegations against Singh. However, please note that Singh denies the allegations against him.

FINRA Sanctions Jasmit Singh For Private Securities Transactions

Particularly, on January 26, 2021, FINRA issued Case: 2019064899201 sanctioning Jasmit Singh for infractions. Specifically, Singh received a $10,000 fine and a suspension as a securities broker from February to August 2021. Namely, FINRA alleged that Singh engaged in private securities transactions and engaged in an undisclosed outside business activity.

Supposedly, Singh did not inform J.P. Morgan Securities LLC about his marketing of vaping products, marketing apparel, and event promotion services via several companies that he owned. The regulator also contends that he obtained compensation for consulting services for a small business that did not have accounts with the securities broker dealer. It appears that Singh inaccurately stated to J.P. Morgan Securities LLC that he had no outside business activities to report.

In addition, FINRA says that Jasmit Singh solicited non-client investors to invest in private placement offerings via a venture capital fund. Supposedly, those investors corresponded with Singh in writing and verbally about the offerings, where Singh steered them towards investing and helped facilitate transactions. Notably, FINRA says that Singh introduced them to the venture capital fund’s general partner. Supposedly, he was compensated for his work.

Singh Employment Information

• Singh worked for J.P. Morgan Securities LLC in New York, NY, as a securities broker from August 2017 to February 2020.

Damages Resulting From J.P. Morgan Securities LLC Securities Broker Jasmit Singh?

Have you experienced damages by investing with Jasmit Singh? You should contact Soreide Law Group at (888) 760-6552 and speak with a securities lawyer about a possible recovery of your investment losses. Soreide Law Group, who has successfully recovered funds for many investors throughout the United States, represents investors like you on a contingency fee basis and advances all costs. Singh and brokerage firms Singh worked for deny any and all allegations of sales practice violations.