Broker Investigation: Leona Parsons

Lenoa parsons jp morgan securitiesLeona Parsons (CRD#: 6164352) is a previously registered broker. Most recently, Ms. Parsons was employed at J.P. Morgan Securities LLC (2013-2018). She was based out of an office in Imperial Beach, California. On May 23rd, 2018, the Financial Industry Regulatory Authority (FINRA) barred this broker from the securities industry.

According to FINRA, Ms. Parsons failed to comply with an investigation into allegations that she misappropriated the money of a customer. This failure to cooperate is a violation of FINRA Rule 8210. Full details of this enforcement action can be accessed by referring to Disciplinary Proceeding No. 2018057498301.

FINRA Complaint: Leona Parsons

On February 6th, 2018, Leona Parson was terminated from her position at J.P. Morgan Securities after she allegedly assisted an affiliate bank employee with several withdrawals, but failed to provide the full amount due to the customer. It must be noted that Ms. Parsons denies any wrongdoing in relation to this matter.

However, Ms. Parsons also declined to cooperate with FINRA’s investigation into this issue. Investigators requested on-the-record testimony from this broker as well as certain documents. She acknowledged she received these requests, but that she will not appear. Without admitting misconduct, Leona Parsons has consented to FINRA’s proposed penalties which include an indefinite bar from the securities industry.

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