John Alex (CRD: 2020710) settled customer disputes at Morgan Stanley and UBS Financial Services between 2011 and 2025, according to BrokerCheck, which lists him as John L. Alex.
Financial Industry Regulatory Authority (FINRA) BrokerCheck reveals disclosures about securities broker Jason Andrew Netrosio (also known as Jay Netrosio) (CRD#: 2743225, Middletown, New York). Netrosio has been registered in the securities industry for 27 years, working with multiple firms, including HSBC Securities, TD Ameritrade, and CUNA Brokerage Services. Since May 18, 2022, he has been registered with LPL Financial LLC.
Recent disclosures reveal concerns about Netrosio’s conduct, including allegations of misrepresentation, unauthorized trading, and negligence. Two client disputes have been reported, with one resulting in a financial award against him.
On April 17, 2024, a client of LPL Financial filed a complaint against Netrosio, alleging misrepresentation and unauthorized trading. The client claimed that Netrosio misrepresented the fees associated with mutual fund purchases and moved funds from the client’s credit union account without permission to purchase the same mutual funds and a variable annuity. The client sought $6,000 in damages. However, LPL Financial and Netrosio denied the allegations, stating that the client had signed instructions to transfer funds and received full verbal and written disclosures. The complaint was denied.
In an earlier case dated August 27, 2010, a client of HSBC Securities alleged that Netrosio acted negligently and disregarded crucial information about the client’s investment objectives. The complaint stated that Netrosio concentrated the client’s portfolio in unsuitable and volatile investments. The client sought $261,000 in damages. The arbitration panel awarded the client $65,342.30 in damages. Netrosio did not contribute personally to the settlement. FINRA Arbitration No. 10-3612.
Looking for more information about Jason Netrosio? If so, reach out to Soreide Law Group online or at (888) 760-6552 to speak with a securities lawyer. Soreide Law Group works on a contingency basis, advances all costs, and assists clients throughout the country with recovering losses from sales practice misconduct. Netrosio and the firms he worked for deny accusations of sales practice violations.
John Alex (CRD: 2020710) settled customer disputes at Morgan Stanley and UBS Financial Services between 2011 and 2025, according to BrokerCheck, which lists him as John L. Alex.
Sam Bhushan (CRD: 4884717) is named in several pending customer complaints and one settled dispute, according to his BrokerCheck report.
Sterling Louviere (CRD: 2021328), listed on BrokerCheck as Sterling Vaughn Louviere, is named in a pending customer claim over Reg D private placements, with Cabin Securities as the firm named.
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