JP Morgan's Lauren Wing Cited for $314,000 of Unauthorized Trading in Senior's Account

FINRA fined and suspended former JP Morgan Securities of Los Angeles broker Lauren Lee Wing for unauthorized CD trades in a senior customer's brokerage account totaling $314,000.

The findings (AWC #2019062245601) charge Lauren Wing (CRD #5803987) with purchasing two brokered Certificates of Deposit totaling $314,000 in a senior customer's brokerage account without first obtaining the customer's authorization.

The customer purportedly complained by e-mail, leading JP Morgan to reverse the trades, reimburse the customer's alleged losses, and terminate Wing for unauthorized trading. In its employment separations disclosure, JP Morgan wrote that Wing admitted to exercising discretion without prior authorization in violation of firm policies.

Prior to her affiliation with JP Morgan's LA branch from 2018 to 2019, Wing served as a broker at other Southern California firms. From 2016-2017, Wing was registered with TD Ameritrade of Beverly Hills, and from 2012-2016, she served as a broker for Merrill Lynch in Santa Monica.

If you have invested with ex-JP Morgan broker Lauren Lee Wing or with any financial adviser or representative who effected trades in your accounts without your authorization or consent, and such inappropriate trading activity has proven harmful to your investments or interests, please call an experienced FINRA arbitration attorney at The Law Offices of Jonathan W. Evans & Associates at (800) 699-1881 for an investigation and consultation.

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