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ALERT! David Austin of J.P. Morgan BARRED for FRAUD- Gd. Rapids, MI

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12
Jun

ALERT! David Austin of J.P. Morgan BARRED for FRAUD- Gd. Rapids, MI

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ALERT!  David Austin of J.P. Morgan BARRED for FRAUD- Gd. Rapids, MI

David G. Austin, previously with J.P. Morgan Securities, Barred by FINRA

Have you lost money with financial advisor David Austin of J.P. Morgan?  We are investigating allegations made about David H. Austin from Grand Rapids, Michigan.  FINRA (the Financial Industry Regulatory Authority) barred Austin from the securities industry.   FINRA was investigating Austin after he was alleged to have stolen or converted $144,000 from three customers’ accounts, two of whom were over 90 years old.

David Austin was a financial advisor and registered representative of J.P. Morgan Securities from October 2016 to May 2020.  He worked in a branch office in Grand Rapids, Michigan.  Austin was also terminated by J.P. Morgan for this conduct.

Brokerage firms like J.P. Morgan Securities have a responsibility to adequately supervise all representatives who are registered through their firm.  Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies.  When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers. 

Israels & Neuman PLC is a securities and investment fraud law firm with offices in Ann Arbor, Michigan; Denver, Colorado; Phoenix, Arizona; and Seattle, Washington.  We represent investors in FINRA arbitration proceedings in all 50 states, including investors in Michigan.  Attorney Aaron Israels is licensed to practice law in Michigan, he grew up in Holland, Michigan and also lived for many years in the Detroit area.  We have also represented a number of victims of Michigan brokers, including Christopher Tolmacs.  Our attorneys have represented over one thousand investors against many brokerage firms in the past, including J.P. Morgan Securities.

IF YOU LOST MONEY WITH DAVID AUSTIN OR J.P. MORGAN SECURITIES, PLEASE CONTACT US AT 720-599-3505 FOR A FREE EVALUATION OF YOUR CASE.

Israels & Neuman, PLC is a private law firm and is not affiliated with any government or law enforcement agency. Any investigation referenced in this blog is independent in nature and is being conducted by our law firm privately, not in conjunction with any government or law enforcement agency. All information contained in this blog should be deemed statements of opinion derived from the author’s review of public records, not statements of fact. This blog is advertising material and does not create an attorney client relationship, nor does it constitute legal advice. Everyone’s situation is different and the question of whether or not you have a claim will vary on a case-by-case basis. In contingent representation, clients may still be liable for costs.
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