JP Morgan's Darren Ting Sanctioned for Unauthorized Discretionary Trading

Attorney Advising Disclaimer

Former JP Morgan Securities broker Darren Nickolas Ting consented to FINRA's findings that he exercised discretionary authority in customer accounts without written authorization or acceptance of the accounts as discretionary. In addition to Ting's discretionary trades without his customers' written authorization, FINRA wrote that Ting mismarked solicited trades as unsolicited, causing JP Morgan to maintain inaccurate books and records.

Darren N Ting (CRD #6814035) purportedly placed 60 trades in six customer accounts without prior written authorization and without JP Morgan accepting the accounts as discretionary, in violation of industry rules.

In addition, Ting allegedly mismarked 150 trades as unsolicited even though, according to FINRA, he had actually solicited those trades.

The investigative report indicates that Ting served as a general securities representative with JP Morgan Securities from 2011 through 2022, when the firm filed a uniform termination notice indicating the firm had conducted an internal review regarding the unauthorized use of discretion and solicited trade mismarking issues.

Furthermore, the report states that the firm had also investigated Ting for using an unapproved channel for business communications with customers. For instance, industry rules prohibit brokers and investment advisers from using personal, non-firm, e-mail addresses to communicate with customers.

If you invested with former JP Morgan Securities broker Darren Ting or registered representative who placed discretionary trades in your accounts without prior written authorization or who improperly and inaccurately marked trades as unsolicited when the trades were actually solicited, resulting in losses or other damages, such as excessive sales charges, fees, or commissions, 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.

Related Posts
  • Investor Loses $300,000 in Unapproved Securities-Based Loan Strategy Read More
  • JWE Investigating Peakstone Realty Trust fka Griffin Capital REIT Investment Losses Read More
  • KBS REIT in Newport Beach Teeters on Brink of Failure Read More