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Todd Kevin Marone of Troy, Michigan, a stockbroker registered with J.P. Morgan Securities LLC, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $53,995.91 in damages based upon allegations that Marone made misrepresentations of material fact in connection with the recommendation and sale of variable annuities when Marone was associated with J.P. Morgan Securities LLC. Financial Industry Regulatory Authority (FINRA) Arbitration No. 22-02141 (October 7, 2022).

This is not the first time that Marone has been referenced in a customer initiated investment related dispute concerning Marone’s conduct in the securities industry. FINRA Public Disclosure shows that Marone was also referenced in a complaint filed on March 23, 2005, in which the customer requested $119,754.88 in damages based upon allegations that Marone failed to act in the customer’s best interest in connection with the recommendation and sale of investments when Marone was associated with UBS Financial Services Inc.  UBS Financial denied the customer’s request.

Marone has been associated with J.P. Morgan Securities LLC in Troy, MI, as a stockbroker since April 23, 2013, and as an investment advisor representative since April 29, 2013.