Deutsche Bank Securities Inc. (CRD#: 2525) is a brokerage firm which the Financial Industry Regulatory Authority (“FINRA”) regulates. Also, the firm has an investment advisory which the Securities and Exchange Commission (“SEC”) regulates. Notably, Deutsche Bank Securities has a whopping two hundred eighty disclosures on FINRA BrokerCheck. Apparently, many of those disclosures consist of the firm’s regulatory infractions resulting in censures and fines, and some concern customer arbitrations resulting in the firm paying customers compensation for engaging in sales practice violations. Additionally, the firm reportedly terminated some of its own brokers, including Jonathan Sdao and Joseph Reardon, for possibly harming investors. Specifically, take a look at the following disclosures:
Jonathan D. Sdao (CRD#: 5527440, New York, New York) used to be a Deutsche Bank Securities registered representative. Specifically, from December 19, 2008 and May 31, 2017, Jonathan Sdao was associated with the firm at its New York, New York offices. Evidently, Deutsche Bank Securities discharged Jonathan Sdao because he allegedly engaged in misconduct. Apparently, the firm internally reviewed Jonathan Sdao’s trading of collateralized mortgage backed securities as part of a regulatory inquiry. It seems that the firm examined allegations of Jonathan Sdao making unauthorized trades and violating the firm’s policies on trading and correspondence. Eventually, the firm determined that Jonathan Sdao violated the firm’s practices, policies or procedures. Subsequently, Jonathan Sdao became a general securities representative for Brean capital, LLC in New York, New York.
Joseph Patrick Reardon (CRD#: 4679428, New York City, New York) is a prior securities representative of Deutsche Bank Securities. It seems that Joseph Reardon’s employment spanned December 14, 2004 to June 16, 2015. Notably, Deutsche Bank Securities discharged Joseph Reardon over violating the firm’s policies. Specifically, the firm claimed that it internally investigated Joseph Reardon’s communications with regard to collateralized mortgage backed securities. This was part of the same regulatory inquiry as referenced in the Jonathan Sdao termination. Eventually, the firm found that Joseph Reardon violated Deutsche Bank Securities policy given his unauthorized communications with customers regarding the CMBS investments.
If you experienced losses by investing with Deutsche Bank Securities brokers including Jonathan Sdao and Joseph Reardon, contact Soreide Law Group at (888) 760-6552 and speak with experienced counsel about a possible recovery of your investment losses. Our firm has recovered millions of dollars for investors who have suffered losses due to broker and brokerage firm misconduct. We represent clients on a contingency fee basis and advance all costs.
Soreide Law Group has filed a FINRA arbitration on behalf of our client (Claimant) against: TEXAKOMA FINANCIAL, INC. and their registered representative, SHEA PETER KENNEDY (SHEA P KENNEDY) (Repondents). The Claimant resides in Nevada, and according to the lawsuit, around August of 2023, SHEA P KENNEDY contacted the Claimant unsolicited, apparently after the Claimant had […]
Pending customer claims on BrokerCheck name Michael Graham (CRD 3263494) and list LPL Financial as the firm. Each claim is pending and unproven, and no arbitrator has ruled on any of them. The customers allege that Graham misrepresented guaranteed principal and returns on a secured loan related to a real estate deal.
An SEC decision involving Titan Securities (CRD 131392) of Plano, Texas became final on August 7, 2026, according to FINRA's October 2026 Disciplinary and Other FINRA Actions report. The decision fined the firm $50,000. The record lists the firm as JTA Securities Management, Inc. dba Titan Securities.
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