According to FINRA, three ex-brokers that were once employed by JP Morgan have recently been barred from the securities industry.
Bo Li had structured bank movements to evade filing currency transaction reports required on fund movements larger than $10,000, according to FINRA. Li allegedly failed to show up at the hearing and has 25 days to appeal FINRA’s decision. Li had worked at JPMorgan from December 2010 until his dismissal in October 2014 for violations of the company’s policy on personal finances, and was also registered with JPMorgan Securities until 2012, according to his BrokerCheck profile.
Whitley Kiara Hood, was barred last month for declining to give testimony over allegations of fund misappropriation, according to FINRA.
Hood was registered with JP Morgan Securities in Chicago from 10/16/2015 – 04/28/2016.
Brian Alexander Torres, who had only been with the firm since September and was fired on November 3, also refused to comply with FINRA’s requests for information and failed to testify, according to FINRA. He was allegedly fired in November for admitting misappropriating funds from an affiliate bank, and consequently was barred from the securities industry in December.
The foregoing information, which is publicly available, is being provided by The White Law Group. The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Franklin, Tennessee.
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