FINRA has suspended former JP Morgan Broker Farid Morim from associating
with any FINRA member firm after he failed to provide information that
FINRA requested as part of its investigation. According to his BrokerCheck
report, FINRA was investigating allegations that Morim converted of customer
assets and failed to disclose outside business activities. He was registered
with JP Morgan from 2012 to 2015.
According to the proceedings, when JP Morgan discovered that Morin had added himself as power of attorney
on a client's bank account, his position at the firm was terminated.
The firm then launched an internal investigation into allegations that
he had converted another customer's funds from a brokerage account
and an affiliated bank.
In October of 2016, the FINRA Department of Enforcement suspended Morin
for failing to respond in a timely manner to requests for information
and documentation surrounding the allegations. In January of 2018, the
FINRA Office of Hearing Officers issued a default decision barring Marin
from associating with any FINRA member firm in any capacity. If no further
action is taken by Morin to respond by February 23rd, the bar will become
Did You Suffer Financial Losses After Working with Farid Morim?
Unethical behavior like that which was allegedly displayed by Morim occurs
all too often. Firms like J.P. Morgan can be held liable for the actions
of their brokers, as they are obligated to adequately supervise the brokers
that work for them.
Meyer Wilson is investigating the allegations of unethical conduct and
fraudulent activities surrounding Farid Morim. If you
lost money due to investment fraud or other unethical behavior, our investment loss attorneys want to speak
with you. Call (888) 390-6491 to
schedule a free case evaluation today.