Jill Marie Cody (also known as Jill Marie Tramontano) of Neptune New Jersey is a stockbroker formerly registered with Concorde Investment Services LLC and investment advisor representative of Concorde Asset Management whose investment advisor representative and agent registration were revoked by the New Jersey Bureau of Securities according to a Summary Revocation Order containing findings that Cody was expelled from a self-regulatory agency. In the Matter of Jill M. Cody (Dec. 12, 2017).
The Order stated that Financial Industry Regulatory Authority (FINRA) imposed a sanction which barred Cody from associating with any FINRA member in any capacity founded on consenting to findings that she enabled a registered representative to engage in securities business during the time that the registered representative had been suspended by FINRA. Letter of Acceptance, Waiver and Consent, No. 2016051816301 (Feb. 23, 2017).
According to the AWC, Concorde representative and Cody’s then husband, RC, had been suspended by FINRA in all capacities between January of 2013 and January of 2014. Evidently, RC’s suspension prompted Cody to become associated with the firm, where she began to service RC’s customer accounts. The AWC revealed that customers were not informed by RC that he was suspended. Rather, the customers were reportedly informed that Cody would be assisting RC in the management of the customer’s accounts.
Apparently, RC engaged in communications with customers throughout his suspension, in which he recommended that customers effect securities transactions and relied upon Cody to execute the transactions subject of his recommendations. FINRA noted that Cody’s activities persisted throughout the entirety of his suspension. Evidently, customers were informed by Cody that RC was working with Cody; the customers had not been informed by Cody that RC had actually been suspended. The AWC revealed that Cody even enabled RC to utilize the firm’s systems and an e-mail account that were linked to Cody’s name so that trades could be placed for customers. FINRA concluded that Cody’s conduct was violative of FINRA Rule 2010.
Since Cody has been barred by FINRA, she has been referenced in five customer initiated investment related disputes that pertain to accusations of Cody’s improper conduct while employed with Concorde Investment Services, LLC and Westminster Financial Services, Inc. Particularly, on March 23, 2017, a customer filed an investment related written complaint involving Cody’s conduct, where the customer sought damages estimated to exceed $5,000.00 based upon allegations that between 2013 and 2017, Cody wrongfully took possession of the customer’s over-the-counter equity portfolio funds.
Then, a customer filed an investment related arbitration claim concerning Cody’s conduct, in which the customer requested more than $5,000.00 in damages supported by accusations of account mismanagement, deceit, forgery and fraud concerning transactions effected in the customer’s individual retirement account from 2010 to 2017. FINRA Arbitration No. 17-02035 (Aug. 11, 2017). Another customer filed an investment related arbitration claim regarding Cody’s activities seeking more than $5,000.00 in damages founded on allegations of misrepresentation, fraud, and the recommendations of investments that were not suitable for the customer. FINRA Arbitration No. 17-01850 (Aug. 14, 2017).
Thereafter, a customer filed an investment related arbitration claim involving Cody’s conduct, in which the customer requested at least $5,000.00 in damages based upon accusations that from 2011 to 2016, the customer’s account had been mismanaged, the customer had been defrauded and trades were placed in the customer’s individual retirement account without the customer’s authorization. FINRA Arbitration No. 17-02079 (Aug. 22, 2017). Further, a customer filed an investment related arbitration claim regarding Cody’s activities, alleging that floating rate notes were effected without the customer’s consent, and the customer had been defrauded. FINRA Arbitration No. 17-02312 (Sept. 13, 2017).
Cody was fired from Concorde Investment Services LLC and Concorde Asset Management on July 29, 2016, supported by allegations that she failed to abide by the policies of the firm.
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