January 31, 2019

Deutsche Bank Securities Terminates Brokers Jonathan Sdao, Joseph Reardon

Soreide Law Group logo

Deutsche Bank Securities Terminates Brokers Jonathan Sdao, Joseph Reardon

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:

Deutsche Bank Securities Terminates Jonathan Sdao For Unauthorized Trading

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.

Deutsche Bank Securities Discharges Joseph Reardon For Customer Communications

 
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.

Lars Soreide Highest Ethical Standard Award 2018
Lars Soreide Highest Ethical Standard Award 2018

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.

Recent Posts

March 28, 2024
Al Lovelace In Investor Disputes Over Annuity Misrepresentation

Soreide Law Group is investigating potential investor claims of sales practice violations possibly committed by securities broker Al Stephen Lovelace [CRD: 2393766, Rutherfordton, North Carolina], given the disclosures on FINRA BrokerCheck. Evidently, Lovelace has worked for Equitable Advisors LLC since December 27, 2016, and worked previously at AXA Advisors LLC from October 2, 2008, to […]

March 28, 2024
KAREN CHUNG of WESTERN INTERNATIONAL

Soreide Law Group is conducting an investigation into WESTERN INTERNATIONAL SECURITIES, INC. of Pasadena, California, financial advisor, KAREN TRAN CHUNG (KAREN CHUNG). According to FINRA’s  BrokerCheck, KAREN CHUNG, has been in the securities industry for 20 years and has been listed with 4 firms.  She is currently listed with, WESTERN INTERNATIONAL SECURITIES, INC., 70 S. […]

March 26, 2024
Stifel Fined $400K by FINRA

According to a recent article in Wealth Management, Stifel will pay over $400,000 to settle FINRA disciplinary charges that the firm allegedly did not properly supervise one of their registered representatives who misappropriated over $100,000 from an elderly client. Stifel agreed to the penalties without admitting or denying FINRA’s findings. In addition to a $400,000 penalty, Stifel […]

Contact us Nationwide USA
2401 E. Atlantic Blvd., Suite 305, Pompano Beach, FL 33062
Helping clients recover money across the USA
search
Copyright © 2022 Soreide Law Group, PLLC  |  All Rights Reserved
linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram