10.0David P Neuman
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Alert: PAUL ZAKHARY of J.P. Morgan SUSPENDED – Ocala, FL

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28
Dec

Alert: PAUL ZAKHARY of J.P. Morgan SUSPENDED – Ocala, FL

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Alert: PAUL ZAKHARY of J.P. Morgan SUSPENDED – Ocala, FL

Paul Zakhary, formerly with J.P. Morgan, Suspended by FINRA for Three Months

Have you lost money with financial advisor Paul Zakhary?  We are looking into allegations made about Paul R. Zakhary from Ocala, Florida.  FINRA (the Financial Industry Regulatory Authority) suspended Paul Zakhary from the securities industry for three months and ordered a $5,000 fine.  FINRA alleged that Paul Zakhary recommended that three customers sell their variable annuities and exchange them for fixed annuities. 

FINRA alleged that Zakhary did not have a reasonable basis for making the recommendation, because he did not use a 1035 exchange to avoid tax consequences.   FINRA also alleged that he also did not understand or consider the different sub-account options of the variable annuity.

Paul Zakhary was a financial advisor and registered representative of J.P. Morgan from October 2017 to September 2019.  He worked in a branch office in Ocala, Florida.

Brokerage firms like J.P. Morgan 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 Phoenix, Arizona; Seattle, Washington; Denver, Colorado; and Ann Arbor, Michigan.  We represent investors in FINRA arbitration proceedings in all 50 states, including throughout Florida. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including against J.P. Morgan.

If you lost money with Paul Zakhary or J.P. Morgan, 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.
10.0David P Neuman

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