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J.P. Morgan Securities Broker Jonathan Casiano Barred by FINRA

According to FINRA’s Disciplinary and Other FINRA Actions publication, Jonathan J. Casiano (CRD# 6607584) was barred from association with any FINRA member in any capacity. FINRA alleged that while registered with J.P. Morgan Securities, LLC, Casiano issued, or caused to be issued, debit cards linked to the accounts of five bank customers. FINRA further alleged that between June 2, 2016 and June 28, 2016, Casiano directed family members and a friend to use the debit cards to make unauthorized withdrawals of funds from three of the bank customers’ accounts totaling at least $14,400. FINRA alleged that Casiano used the misappropriated bank customer funds to make personal expenditures.

FINRA Rule 2010 provides that “[a] member, in the conduct of its business, shall observe high standards of commercial honor and just and equitable principles of trade.” By misappropriating funds from bank customers, FINRA alleged that Casiano violated FINRA Rule 2010.

As a result of the foregoing Jonathan Casiano was barred from association with any FINRA member in any capacity.

According to FINRA’s Broker Check, Jonathan Casiano was registered with the securities industry for less than one year, and was registered with the following firm(s):

J.P. Morgan Securities, LLC
CRD# 79
Arlington, TX
03/2016 – 07/2016

If you have suffered investment losses as a result of your broker’s or brokerage firm’s misconduct, contact the Law Offices of Place & Hanley, LLC to discuss your legal options. The Law Offices of Place & Hanley, LLC is dedicated to helping investors nationwide. If you have lost money as a result of your broker’s recommendations, you may be entitled to recover your investment losses. Contact our office toll free at (866) 318-4725 for a complimentary initial consultation.

Categories: Broker Investigations.