Joshua Alexander Stephens-Anselm of Valley Stream New York a stockbroker formerly registered with J.P. Morgan Securities LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by allegations that Stephens-Anselm declined to respond to FINRA’s request for information possibly relating to Stephens-Anselm being terminated by J.P. Morgan for the misappropriation of a deceased customer funds. Case No. 2018057425901 (June 18, 2018).
According to FINRA Public Disclosure, Stephens-Anselm had been suspended by FINRA before being barred. Apparently, Stephens-Anselm was provided a notice from FINRA on March 15, 2018 confirming that he would be suspended by the regulator for not responding to its inquiry. Stephens-Anselm was then provided a Suspension from Association letter from FINRA on April 9, 2018. At that time, Stephens-Anselm was reportedly warned about the suspension possibly turning into a permanent bar if he did not correspond with FINRA. Particularly, if Stephens-Anselm wanted the suspension to be lifted, he was required to seek the termination of his suspension, which seemingly necessitated his cooperation with FINRA’s requests. However, Stephens-Anselm reportedly failed to respond by the June 17, 2018 deadline. Consequently, Stephens-Anselm was barred by FINRA on June 18, 2018.
Shortly before being barred by FINRA, on January 26, 2018, Stephens-Anselm was discharged by JPMorgan Chase Bank founded on accusations that he confessed to having moved funds from an account owned by a deceased customer; and utilized the funds belonging to the customer for his own personal benefit.
