Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) on June 27, 2017 indicate that Utah-based Merrill Lynch broker/adviser Jon Monk has been the subject of a customer dispute. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Monk (CRD# 5287297).
Jon Monk has spent ten years in the securities industry and has been registered with Merrill Lynch in Salt Lake City, Utah since 2007. He was previously registered with Morgan Stanley in West Valley, Utah. He has passed three securities industry examinations: Series 66 (Uniform Combined State Law Examination); Series 31 (Futures Managed Funds Examination); and Series 7 (General Securities Representative Examination). He is a registered broker and investment adviser with 33 US states and territories.
According to his BrokerCheck report, he has received one pending customer complaint.
In May 2017 a customer alleged Jon Monk, while employed at Merrill Lynch, misrepresented and omitted material facts and executed unauthorized trades. The customer is seeking $158,743 in damages in the pending complaint.
FINRA rules and federal securities law forbid brokers like Jon Monk from executing transactions without a customer’s permission or authorization. There are some exceptions, including discretionary accounts and, in some circumstances, margin accounts. Brokers, investment advisers, and broker-dealer firms who effect unauthorized trades may be subject to disciplinary action by FINRA or the Securities and Exchange Commission.
If you or someone you know has lost money investing with Jon Monk, call Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup your losses. Fitapelli Kurta accepts all cases on a contingency basis: we only get paid if and when you collect money. Time to file your claim may be limited, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.