The Financial Industry Regulatory Authority fined a former J.P. Morgan Securities rep $5,000 for executing two trades totaling $314,000 in the account of a senior client without first obtaining his authorization, according to FINRA.
Without admitting or denying FINRA’s findings, ex-JPMorgan rep Lauren L. Wing submitted a letter of acceptance, waiver and consent to FINRA Aug. 20 in which she agreed to FINRA’s fine and a one-month suspension from associating with any FINRA member in any capacity. FINRA accepted the letter Thursday.
Wing is no longer registered as a broker or RIA, according to her report on FINRA’s BrokerCheck website.
Wing registered with FINRA through JPMorgan Securities as a general securities representative starting in January 2018. However, on April 5, 2019, JPMorgan filed a Form 5 Uniform Termination Notice for Wing, disclosing it terminated her for her unauthorized trades in the senior client’s account.