Jon Morin of New York New York a stockbroker formerly registered with National Securities Corporation is the subject of a customer initiated investment related written complaint on February 21, 2017 where the customer requested $15,000.00 in damages based upon accusations that unauthorized over-the-counter equities trades were executed in the customer’s equity account.
Financial Industry Regulatory Authority (FINRA) Public Disclosure additionally confirms that a customer initiated investment related arbitration claim concerning Morin’s activities was resolved for $150,000.00 in damages supported by allegations that while Morin was associated with John Thomas Financial, unauthorized trades were executed in the customer’s account; contractual and fiduciary obligations had been breached; the customer’s account was handled in a negligent manner, misrepresentations were made to the customer; unsuitable transactions were effected in the customer’s account; and there was a lack of adequate due diligence concerning securities placed in the customer’s investment portfolio. FINRA Arbitration No. 13-03077 (Feb. 23, 2016).
Morin’s registration with National Securities Corporation was terminated on March 18, 2016.
