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Finra Bars Ex-JPMorgan Rep

January 4, 2017

Finra has barred another JPMorgan-registered representative for failing to cooperate with its investigation, Bank Investment Consultant writes.

Moises David Rivera-Castillo allegedly failed to submit documents requested by the regulator over allegations he issued debit cards to clients without their knowledge and then withdrew funds on those cards for personal use, according to his BrokerCheck profile.

Rivera-Castillo, who was registered with JPMorgan Chase Bank from February 2012 and JPMorgan Securities from October 2012, could not be reached for comment, according to Bank Investment Consultant.

JPMorgan Chase had terminated the rep in September over the allegations, according to BrokerCheck. A spokesman for Chase Wealth Management declined comment to the publication.

Since November, Finra has barred three former JPMorgan reps for failure to cooperate, Bank Investment Consultant writes.

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Last month, the regulator barred former broker Bo Li for failing to appear to testify at a hearing regarding allegations he had tried to evade filing obligatory currency transaction reports.

In November, Finra barred former JPMorgan broker Whitley Kiara Hood for refusing to testify in a case alleging fund misappropriation. Last year the regulator also barred Mark Peter Koestner, a former adviser with Wells Fargo, and Kenneth Lynn Miller, a former rep with First Tennessee Bank, over failure to cooperate with its investigations, Bank Investment Consultant writes.

By Alex Padalka
  • To read the Bank Investment Consultant article cited in this story, click here.