Jesse Starr of San Diego California a stockbroker formerly employed by J.P. Morgan Securities LLC has been discharged by the firm on December 13, 2018 based upon allegations that Starr informed a customer of the firm that J.P. Morgan Securities LLC was liable to the customer for the failure of required distributions from being executed from the customer’s investment account.
Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that Starr is referenced in two additional customer initiated investment related disputes containing accusations of Starr’s violative conduct while employed with Lucia Securities and First Allied Securities Inc. Particularly, on May 13, 2015, a customer filed an investment related complaint concerning Starr’s conduct in which the customer requested damages estimated to exceed $5,000.00 supported by allegations that inappropriate real estate security recommendations had been made to the customer by Starr when Starr was associated with First Allied Securities Inc.
Thereafter, a customer initiated investment related civil action brought in the San Diego Superior Court that involved Starr’s activities was resolved for $10,000.00 in damages founded on accusations that while Starr was employed by Lucia Securities and First Allied Securities, misrepresentations had been made about the risks of direct participation program or limited partnership interests; the customer’s account was handled in a negligent manner; fiduciary obligations were breached; and an inappropriate investment strategy had been recommended for the customer’s assets. Civil Action No. 37-2016-00037728-CU-FR-CTL (May 25, 2017).
Starr has been registered with Wells Fargo Clearing Services LLC since February 1, 2019.
