FINRA Bars Javelin San Nicolas As Securities Broker

Notably, FINRA BrokerCheck indicates that investors alleged improper sales practices involving securities broker Javelin Mikol San Nicolas “Jovi San Nicolas” (CRD#: 6722186, Sparks, Nevada) and that those violations resulted in damages. Evidently, San Nicolas worked as a securities broker or financial advisor for Edward Jones from 2016 to 2020. Here is an overview of the disclosures involving allegations against him and what you could do if you experienced damages from sales practice violations.

FINRA Bars San Nicolas For Not Providing Information, Documents In Investigation Relating To Employment Termination

Evidently, FINRA barred Jovi San Nicolas as a securities broker effective January 19, 2021. The regulator typically bars a securities broker who fails to comply during an investigation. Supposedly, the securities broker violated Rule 8210, as he failed to provide documents to the regulator.

Edward Jones Client Alleges Recommendations Resulted In Damages

Notably, FINRA BrokerCheck shows that an Edward Jones client objected to Jovi San Nicolas’s sales practices by making an investment dispute on July 24, 2020. Supposedly, San Nicolas had the client transfer money from their Edward Jones account to a bank account. Purportedly, the client then gave San Nicolas checks for personal seat licenses. However, the client did not receive the licenses. Because of this, the securities firm opted to settle this matter by virtue of payment to the client in the amount of $51,685 in damages, according to a settlement on January 7, 2021.

Edward Jones Discharges San Nicolas For Withdrawals From Account

Evidently, the firm terminated Jovi San Nicolas as a securities broker on July 26, 2020. Supposedly, he was discharged in connection with a client’s complaint about not receiving personal seat licenses (PSLs).

Losses By Investing With Broker Jovi San Nicolas?

Apparently, securities broker Jovi San Nicolas denies allegations of unreasonable sales practices. Have you experienced investment losses by interacting with this broker? If so, reach out to Soreide Law Group at (888) 760-6552 and speak with experienced counsel concerning a possible recovery. We take cases by a contingency fee arrangement and advance all costs. The law firm has recovered substantial compensation for US clients who have experienced losses from their securities brokers and financial advisors.

Lars Soreide AVVO 2020 Top Lawyer

CONTACT US