DID MICHAEL JOSEPH BORCHARDT CAUSE YOU INVESTMENT LOSSES?
About Michael Borchardt Of J.P. Morgan Securities LLC?
Michael Borchardt (CRD #5817769) has an extensive record within the securities industry. He has been registered with J.P. Morgan Securities LLC in New York, New York, since April 15, 2015. Before this, he was associated with AXA Advisors, LLC in New York, NY, from January 2013 to March 2015, and with Morgan Stanley Smith Barney in Chicago, IL, from December 2010 to July 2012. Throughout his career, Borchardt has passed two general industry/product exams and one multi-state securities law exam. His qualifications include registrations with 25 self-regulatory organizations (SROs) and licenses across 8 U.S. states and territories. He has not passed any principal/supervisory exams to date.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Michael Borchardt Customer Complaints and Reviews
Michael Joseph Borchardt’s FINRA report indicates a presence of one customer dispute:
- Customer Dispute (1 incident): A client, during Borchardt’s tenure at Equitable Advisors, alleged in 2020 that the insurance policy sold in 2013 was unsuitable and misrepresented. The complaint, which specified no damage amount, was received on July 13, 2020, and was denied by the firm on September 18, 2020, after finding no basis for the claims. There was no action taken or damages awarded in this case.
Allegations Against Michael Borchardt
The allegations against Otto R. Bohon Jr. encompass a range of investment-related issues, mainly concerning the suitability and risk of investments:
- Customer Complaint (July 13, 2020 – September 18, 2020): The client alleged that the insurance policy sold by Michael Borchardt was unsuitable and misrepresented at the time of sale in 2013. This complaint was officially denied, with the firm concluding there was no basis for the allegations, resulting in no financial restitution or further legal action.
Michael Borchardt Red Flags & Your Rights As An Investor
Of course, Michael Borchardt did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of Michael Borchardt at J.P. Morgan Securities LLC on alert to review carefully the activity and performance of their accounts and question whether Michael Borchardt has 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 Michael Borchardt
If you have questions about J.P. Morgan Securities LLC and/or Michael Borchardt 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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