Mona Kay Milligan (also known as Mona Kay Darst) of Litchfield Park Arizona a stockbroker formerly registered with J.P. Morgan Securities LLC has been discharged by the firm on December 12, 2017 for engaging in “unauthorized activities” based upon allegations that Milligan procured signed but otherwise blank customer account documents for purposes of effecting investment transactions.
Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Milligan is referenced in three more customer initiated investment related disputes pertaining to accusations of his violative conduct during the time that he was associated with Chase Investment Services Corp. and J.P. Morgan Securities.
Specifically, on November 18, 2010, a customer initiated investment related complaint involving Milligan’s conduct was settled for $40,000.00 in damages founded on allegations that misrepresentations had been made to the customer in reference to a variable annuity purchased by the customer. Then, on October 22, 2012, a customer initiated investment related complaint concerning Milligan’s activities was resolved for $8,800.00 in damages supported by accusations of misrepresentation pertaining to a mutual fund investment.
Further, on June 25, 2013, a customer filed an investment related complaint regarding Milligan’s conduct where the customer sought damages estimated to exceed $5,000.00 based upon allegations that the customer’s managed account investment had been misrepresented.
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