Nisreen Nina Kallabat Byrne (also known as Nisreen Diazakallabat and Nina Kallabatdaiza), of Bloomfield Hills, Michigan, a stockbroker registered with JP Morgan Securities LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $100,000.00 in damages based upon allegations that Byrne made unsuitable investment recommendations during the time that Byrne was associated with JP Morgan Securities LLC. FINRA Arbitration No. 23-00591 (March 10, 2023).
FINRA Public Disclosure shows that Byrne was referenced in twelve (12) other customer initiated investment related disputes concerning Byrne’s conduct while associated with securities broker dealers. On November 2, 2001, a customer initiated investment related civil action involving Byrne’s conduct was settled to resolve allegations that Byrne made unsuitable recommendations of variable annuities when Byrne was associated with Banc One Securities Corporation.
On January 11, 2002, a customer initiated investment related complaint involving Byrne’s conduct was settled to resolve allegations that Byrne made omissions of material fact in connection with the recommendation and sale of mutual funds during the time that Byrne was associated with Banc One Securities Corporation.
Byrne was also referenced in a customer initiated investment related complaint that was settled on January 6, 2004, for $7,483.34 in damages based upon allegations that Byrne made unsuitable recommendations of mutual funds.
On January 21, 2005, a customer initiated investment related NASD securities arbitration claim involving Byrne’s conduct resulted in the customer being awarded $175,000.00 in compensatory damages because Byrne and Banc One Securities Corporation were held liable for sales practice violations. NASD Arbitration No. 03-02946. The Statement of Claim alleged Byrne breached her fiduciary duties, was negligent, committed fraud, and breached a contract in connection with the sale of mutual funds.
Byrne was also referenced in a customer initiated investment related complaint filed on January 20, 2009, in which the customer requested $38,216.94 in damages based upon allegations that Byrne made unsuitable recommendations and made misrepresentations of material fact in connection with the sale of variable annuities when Byrne was associated with Chase Investment Services Corp. The securities broker dealer denied this complaint.
Byrne has been associated with JP Morgan Securities LLC as a stockbroker and investment advisor representative since October 1, 2012.
