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The Financial Industry Regulatory Authority barred an ex-J.P. Morgan Securities broker who allegedly used a co-worker’s credit card without authorization.

Without admitting or denying the findings, Monica Jade Meyer signed a FINRA letter of acceptance, waiver and consent Dec. 13 in which she agreed to be barred from associating with any FINRA member in any capacity. The letter was accepted by FINRA Dec. 20.

Meyer first became registered with a FINRA member firm through an association with J.P. Morgan as a general securities representative in December 2015, according to FINRA.

On June 21, 2018, Meyer added the personal credit card information of a colleague who wasn’t named in the letter to her own profile on an online payment system without that co-worker’s authorization, the FINRA letter said.

Three days later, on June 24, 2018, without her co-worker’s knowledge or consent, Meyer then used that payment system to send her sister $2,000, charging the co-worker’s credit card $2,060, including the 3% fee imposed by the payment system, according to FINRA.

After Meyer’s sister returned the $2,000 to her on June 27, 2018, Meyer immediately transferred the funds to her own bank account, FINRA claimed. Since then, Meyer has held onto the funds and not reimbursed her co-worker or the credit card company, according to the letter.

Through her actions, Meyer violated FINRA Rule 2010, which requires associated persons, in the conduct of their business, to observe “high standards of commercial honor and just and equitable principles of trade,” FINRA said.

On Aug. 7, 2018, J.P. Morgan terminated Meyer’s registration via a Uniform Termination Notice for Securities Industry Registration (Form U5). On Sept. 21, 2018, Meyer’s Form U5 was amended to disclose that she was “under internal review after allegations that she made unauthorized transactions on a co-worker’s personal credit card without their knowledge or consent,” according to the letter, which was quoting J.P. Morgan.

Meyer is no longer associated with a FINRA member, according to the letter. J.P. Morgan was the only FINRA member firm that she was ever associated with, according to her profile on FINRA’s BrokerCheck website.

J.P. Morgan Securities declined to comment on the case. Meyer’s attorney, James D. Sallah of Sallah Astarita Cox in Boca Raton, Florida, didn’t immediately respond to a request for comment.

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