Javelin Mikol San Nicolas of Sparks Nevada a stockbroker formerly registered with Edward Jones has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that he refused to comply with FINRA’s investigation into accusations of his mishandling of customer funds. Letter of Acceptance Waiver and Consent No. 2020067455201 (Jan. 19, 2021).
According to the AWC, San Nicolas had been discharged by Edward Jones on July 6, 2020 based upon allegations that he took possession of customer funds for purposes of potentially acquiring Personal Seat Licenses (PSLs) for Las Vegas Raiders games. Edward Jones indicated that the customer had not been provided with those PSLs by the time of San Nicolas’ termination.
Between November 3, 2020 and December 17, 2020, San Nicolas had been asked by FINRA on three occasions to provide documents and information in response to Edward Jones’ accusations. San Nicolas corresponded with FINRA on January 6, 2021, relaying that he would not cooperate with those requests. San Nicolas violated FINRA Rules 2010 and 8210 for obstructing FINRA’s investigation.
FINRA Public Disclosure also confirms that a customer initiated investment related complaint regarding San Nicolas’ activities was settled on January 7, 2021 for $51,685.00 in damages founded on allegations of San Nicolas causing the customer to provide him with cashier’s checks for buying PSLs.
San Nicolas was associated with Edward Jones between December 20, 2016 and August 4, 2020.
