Rick Douglas Konecny, of Chicago, Illinois, a stockbroker currently registered with J.P. Morgan Securities LLC, has been named in a customer initiated investment related written complaint on June 23, 2016, in which the customer requested $400,000.00 in damages based upon allegations that Konecny effected unauthorized and unsuitable transactions in the customer’s account, and overconcentrated the customer’s account in equity products.
Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Konecny has been identified in two additional customer initiated investment related disputes containing allegations of Konecny’s misconduct while employed with J.P. Morgan Securities LLC, and Morgan Stanley DW Inc. Particularly, on January 27, 2004, a customer filed an investment related complaint involving Konecny’s conduct, in which the customer requested $57,075.55 in damages based upon allegations that Konecny unduly concentrated the customer’s investment portfolio in over-the-counter equity positions.
Subsequently, on March 24, 2016, a customer filed an investment related arbitration claim involving Konecny’s conduct, in which the customer requested $1,000,000.00 in damages based upon allegations that from 2013 to 2015, Konecny effected transactions in the customer’s account which were neither suitable nor authorized, and overconcentrated the customer’s account in natural resource and energy equities.
Konecny’s registration with J.P. Morgan Securities LLC was terminated on March 8, 2016, based upon allegations that Konecny did not abide by the firm’s procedures concerning trading in customer investment accounts on a discretionary basis. Since September 24, 1987, Konecny has been associated with fourteen different broker dealers, three of which have been expelled by securities regulators for violation of federal securities laws or are otherwise defunct.
Guiliano Law Group
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