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Former JP Morgan Broker Barred from Industry

By Erwin J. Shustak, Esq.  of Shustak Reynolds & Partners, P.C. posted on Friday, January 15, 2016.

As one of its final acts of 2015, FINRA barred former JP Morgan representative William Roidan from the industry on New Year’s Eve. Roidan is alleged to have stolen more than $26,000.00 from four bank customers. FINRA claims he defrauded the customers by making unauthorized ATM withdrawals from their bank accounts between July and November of 2015.

Riodan worked for the JP Morgan Chase Bank in Hackensack, New Jersey for 4 ½ years. He was dismissed from the bank this past November. During the time he was with JP Morgan, he worked for Chase Investment Services and later JP Morgan Securities.

Riodan entered into what is commonly known as an AWC- Acceptance Waiver & Consent Settlement- in which Riodan neither admitted, nor denied the charges but consented to an entry of FINRA’s charges against him. 

Riodan joins at least 12 other, former JP Morgan representative barred from the securities industry during 2015, for alleged conduct ranging from check-kiting schemes to outright theft.

Shustak Reynolds & Partners, P.C. has extensive experience in the area of securities and financial services law and routinely counsels investors, brokers, broker-dealers and registered investment advisors.  For more information  contact Erwin J. Shustak, Esq, Managing Partner, at 619.696.9500 or via email at [email protected] or visit our web site at www.shufirm.com

 

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