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Evan A. Schottenstein formerly with J.P. Morgan Securities LLC Has 2 Customer Complaints for Alleged Broker Misconduct in the Past 2 Years

Who is Evan A. Schottenstein formerly with J.P. Morgan Securities LLC?

Evan Schottenstein (CRD #4929175) who was formerly registered with J.P. Morgan Securities LLC and located in New York, New York is a subject of one of our many securities industry sales practice abuse investigations.  

Prior to J.P. Morgan Securities LLC, Evan Schottenstein was associated with Morgan Stanley and another investment advisory and brokerage firm with a history of customer complaints and securities industry regulatory problems.

Evan Schottenstein was terminated by J.P. Morgan Securities, LLC due to the trading activity for an account of the family member and the accuracy of records for that customer.

J.P. Morgan Securities LLC Broker Misconduct

In his career, Evan Schottensteinhas been the subject of 4 customer complaints that we know about, 2 of those complaints were filed in the last 2 years to recover investment losses. Three of those customer complaints were denied by his former employer’s. 

There is currently one customer complaint filed against Evan Schottenstein’s former employer J.P. Morgan Securities LLC for investment losses caused by his alleged misconduct in a family member’s account.  

This is the customer for which J.P. Morgan Securities, LLC terminated his employment.  This family member is seeking losses in excess of $10 million.  The arbitration is ongoing.

Allegations Against Evan Schottenstein

A sample of the allegations made in the FINRA reported arbitration claim settlements and pending complaints for investment losses are as follows:

  • The client alleged unauthorized trading involving the sale of securities and a client’s accounts and then use of the proceeds to invest in a private placement.
  • The client alleged that Evan Schottenstein misrepresented certain auction rate securities investments made in his account.
  • The client alleged unsuitable investment recommendations with respect to a 1035 variable annuity exchange transaction.
  • Evan Schottenstein’s grandmother alleged unauthorized and unsuitable transactions and that he signed documentation regarding investment on her behalf without her knowledge.  The transactions involved common and preferred stocks, structured notes in a private equity fund.

Evan Schottenstein Red Flags & Your Rights As An Investor

Of course, Evan Schottenstein did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of Evan Schottenstein at J.P. Morgan Securities LLC and Morgan Stanley on alert to review carefully the activity and performance of their accounts and question whether Evan Schottenstein has engaged in any stockbroker misconduct that may have caused them investment losses.

A large number of customer complaints at J.P. Morgan Securities LLC and Morgan Stanley also raises questions about their supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.

File A Claim to Recover Your Investment Losses at J.P. Morgan Securities LLC

If you have questions about J.P. Morgan Securities LLC, Morgan Stanley, and/or Evan Schottenstein and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.

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Robert Wayne Pearce

Robert Wayne Pearce of The Law Offices of Robert Wayne Pearce, P.A. has been a trial attorney for more than 40 years and has helped recover over $170 million dollars for his clients. During that time, he developed a well-respected and highly accomplished legal career representing investors and brokers in disputes with one another and the government and industry regulators. To speak with Attorney Pearce, call (800) 732-2889 or Contact Us online for a FREE INITIAL CONSULTATION with Attorney Pearce about your case.

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