DID BROKER HAMZEY ABADI CAUSE YOU INVESTMENT LOSSES?
Hamzey Abadi Formerly With J.P. Morgan Securities LLC was recently fired due to allegations regarding his handling of customer accounts related to bank Certificates of Deposit.
Who is Hamzey Abadi formerly with J.P. Morgan Securities LLC?
Hamzey Abadi (CRD #6865360) who was formerly registered as a broker with J.P. Morgan Securities LLC and located in St. Petersburg, Florida, is a subject of one of our many securities industry sales practice abuse investigations.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Hamzey Abadi Employment History and Termination
Hamzey Abadi was most recently registered with J.P. Morgan Securities LLC from June 2021 to October 2024. Over his career, Abadi has worked for three financial institutions, including Morgan Stanley from 2020-2021 and Merrill Lynch in 2018. His recent employment was with JPMorgan Chase Bank, N.A. as a Licensed Banker and Relationship Banker in St. Petersburg, Florida, where he also held a position at J.P. Morgan Securities LLC.
He has passed two general industry exams—the Series 7 General Securities Representative Exam and the Securities Industry Essentials Exam—as well as the Series 66 Uniform Combined State Law Exam.
Abadi was terminated from JPMorgan Chase Bank, N.A. on October 3, 2024 for allegedly changing the primary and secondary account holders on Certificates of Deposit, which affected his eligibility for incentive credit he would not otherwise receive. The reported incident was not linked to securities transactions or known customer harm. Abadi has denied these allegations, yet the employment termination remains a significant note in his professional history.
Disclosure Summary
- Termination Disclosure
- Date: October 3, 2024
- Employer: JPMorgan Chase Bank, N.A.
- Allegations: Abadi was discharged after allegedly altering the primary and secondary owners on bank Certificates of Deposit, allowing him to qualify for incentives he would not otherwise receive. He has denied these allegations, and there is no record of customer harm related to these actions.
- Product Type: Bank Certificate of Deposit (CD)
Hamzey Abadi Red Flags & Your Rights As An Investor
Regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint was filed, the termination of Hamzey Abadi is a red flag which should put all current and former customers of Hamzey Abadi at J.P. Morgan Securities LLC on alert to review carefully the activity and performance of their accounts and question whether Hamzey Abadi engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at J.P. Morgan Securities LLC also raises questions about the brokerage firm’s supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.
Did You Lose Money Because of Broker Misconduct?
If you have lost money due to negligence or fraud by a stockbroker or advisor, the easiest way to know if you have a case is to call our office at 800-732-2889. Our investment fraud attorneys will evaluate your claim for free and let you know if we can help you recover your losses.
Need Legal Help? Let’s talk.or, give us a ring at 561-338-0037.
File A Claim To Recover Your Investment Losses At J.P. Morgan Securities LLC Due To Hamzey Abadi
If you have questions about J.P. Morgan Securities LLC and/or Hamzey Abadi and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.
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