California Securities Fraud Attorney Call Today 800-699-1881
California Securities Fraud Lawyer Firm Overview Attorney Profiles Recoveries Obtained Frequently Asked Questions Testimonials Contact Us
information center
Attorney Advertising Disclaimer
Broker Misrepresentation
Brokerage Firms Sued
Structured Products
Hedge Fund Losses
Recognizing Investment Losses
Recovery of Investment Loss
Securities Arbitration
Reverse Convertible
Securities Fraud
Securities Mediation
Securities Litigation
Stock/ Investment Losses
Suitability/ Unsuitability
Unauthorized Trading
Common Claims
Frequently Asked Questions
Attorney Referrals
Video Center
securities fraud blog
legal blog Click here for a free case evaluation. Read our Articles on Securities Related Issues here. have a question resources
contact us
Are you a new client?
10 Avvo avvo badge
If you need help recovering your losses contact us today. View our complete list of brokerage firms and banks we've sued.

Jose Jesus Martinez Jr. Barred for Wrongful Conversion of Elderly Customer Funds

FINRA barred former JPMorgan Chase Bank branch officer manager Jose Jesus Martinez, Jr. for allegedly using an elderly customer's bank debit card to misappropriate funds after the customer left his card on Martinez's desk. After admitting this misconduct to a bank investigator, FINRA further uncovered that Martinez used the illicitly converted funds to pay personal expenses and to obtain cash.

As Martinez did not appear before the FINRA Office of Hearing Officers, the panel entered a default decision barring Martinez from association with any FINRA member firm in any capacity.

Disciplinary Proceeding #2012034384101

According to the investigation, Martinez managed a JPMorgan Chase Bank in Phoenix, Arizona when an elderly customer accidentally left his debit card behind after visiting the bank. Instead of returning or holding the card, Martinez allegedly made a series of cash withdrawals, paid personal bills and incurred other expenses that resulted in unauthorized withdrawals of over $1500.

Interestingly, the customer complaint indicated an improper conversion of just $1500 whereas an internal Chase Bank investigation concluded that Martinez actually converted over $7,000.

After JP Morgan subsequently terminated Martinez for the misconduct, he failed to provide FINRA with requested information related to the case, including a failure to file an Answer or respond to multiple services of the Complaint.

Because FINRA investigators deemed the allegations in the complaint "admitted," Martinez incurred a bar from the industry for conversion of customer assets without customer or firm permission, knowledge of consent and actions "patently antithetical to the 'high standards of commercial honor and just and equitable principles of trade'" referenced by FINRA rules.

If you have invested with Jose Jesus Martinez Jr., JP Morgan Chase Bank or with any broker or firm whose dishonest activity, including improper conversion of funds without permission or consent and this misconduct has proven harmful to your investments or interests, please call The Law Offices of Jonathan W. Evans & Associates at (800) 699-1881 for investigation and consultation.

The Law Offices of Jonathan W. Evans & Associates - California Securities Fraud Attorney
Located at 12711 Ventura Boulevard, Suite #440 Studio City, CA 91604. View Map
Phone: (800) 699-1881 | Local Phone: (818) 760-9880.