Neil Vinod Mehta of Pompano Beach Florida a stockbroker formerly associated with JP Morgan Securities LLC is referenced in a customer initiated investment related arbitration claim which was settled for $40,000.00 in damages based upon accusations that the customer was poorly advised by Mehta regarding mutual funds held in the customer’s account during the period in which the stockbroker was associated with JP Morgan Securities. Financial Industry Regulatory Authority (FINRA) Arbitration No. 19-00364 (Feb 5. 2020).
This is not the first time that Mehta has been referenced in a customer initiated investment related dispute concerning accusations of his wrongdoing in the securities industry. FINRA Public Disclosure reveals that Mehta has been referenced in a customer initiated investment related complaint which was settled on October 31, 2019 for $13,317.25 in damages supported by allegations that mutual fund transactions that were facilitated in the customer’s account by the stockbroker failed to be suitable and that misrepresentations were made by the stockbroker during the period in which he was employed by JP Morgan Securities.
Mehta was terminated by JP Morgan Securities on October 18, 2016 based upon allegations that mutual fund purchases were effected by the stockbroker in a manner which was prohibited under the terms of the mutual fund prospectuses. He has been registered with Merrill Lynch Pierce Fenner Smith Incorporated since December 8, 2016.
