Kevin Monaco Formerly With J.P Morgan Securities LLC FIRED
Kevin Monaco was recently fired from J.P Morgan Securities LLC for allegedly violating the firm’s travel expense policy.
Who is Kevin Monaco formerly with J.P Morgan Securities LLC?
Kevin Monaco (CRD #1747895) who was formerly registered as a broker with J.P Morgan Securities LLC and located in Los Angeles, California, 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.
Kevin Monaco Employment History and Termination
Kevin Scott Monaco has over 25 years of experience in the securities industry. Monaco was most recently employed by JPMorgan Chase Bank, N.A. (July 2017 – October 2024). Before that, he held roles at firms including Stifel, Nicolaus & Company, Barclays Capital, Credit Suisse Securities, and others. His prior roles at these prominent firms underscore his long tenure in the financial sector.
He has passed two general industry/product exams and two multi-state securities law exams, qualifying him as a General Securities Representative and Investment Adviser.
Mr. Monaco was terminated by JPMorgan Chase Bank in October 2024, after he was linked to a policy violation of the firm’s travel expense policy.
Negative Disclosures Summary
Number of Incidents: 4 (1 termination and 3 customer disputes)
- Termination:
- Details: He was terminated on October 21, 2024, for violating the firm’s travel expense policy. The incident was unrelated to customer complaints or securities transactions.
- Customer Dispute 1 (2009):
- Details: A client alleged an unsuitable bond transaction while Monaco was at Credit Suisse Securities, leading to an arbitration claim.
- Outcome: The case was settled for $2,004,912.51.
- Customer Dispute 2 (2001):
- Details: A client alleged misrepresentation and suitability issues at Salomon Smith Barney.
- Outcome: The complaint sought $200,000 in damage and was denied.
- Customer Dispute 3 (1999):
- Details: A client alleged misrepresentation and failure to follow investment instructions at Salomon Smith Barney.
- Outcome: The complaint seeking $5,000 in damages, was denied.
Allegations and Accusations
Kevin Scott Monaco has faced:
- Termination for violating a travel expense policy at JPMorgan Chase Bank.
- Three customer disputes, with one resulting in a settlement of over $2 million and the others being denied.
Kevin Monaco 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 Kevin Monaco is a red flag which should put all current and former customers of Kevin Monaco at J.P Morgan Securities LLC on alert to review carefully the activity and performance of their accounts and question whether Kevin Monaco 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 Kevin Monaco
If you have questions about J.P Morgan Securities LLC and/or Kevin Monaco 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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