John Marmion: Ohio Sanctions UBS Financial Advisor

Columbus, Ohio financial advisor John Marmion Jr. (CRD# 1139175) allegedly violated Ohio law, according to a sanction by the state’s securities authorities. Financial Industry Regulatory Authority records show that he is a broker and an investment advisor with UBS Financial Services, and that he is also registered with the firm’s office in Phoenix, Arizona.

Mr. Marmion’s BrokerCheck report discloses his June 2023 sanction by the Ohio Division of Securities, which issued him a cease-and-desist order in connection with allegations described in a securities bulletin published by the Ohio Department of Commerce. According to the bulletin’s “Securities Update,” authorities found that he had “reasonable cause to believe that an elderly client was subject to attempted financial exploitation,” but failed to follow firm policies and procedures in connection with the reporting of such attempts, in violation of state law. The Division consequently issued him an order to cease and desist from such conduct.

A second disclosure on Mr. Marmion’s BrokerCheck report concerns an investor complaint against him. Filed in 1998, the complaint alleged that he made excessive and unsuitable trades in a customer’s  account. In 1999 it reached a settlement of $75,000.

According to the Financial Industry Regulatory Authority, John Marmion holds 40 years of securities industry experience. Based in Columbus, Ohio and Phoenix, Arizona, he has been a broker and an investment advisor with UBS Financial Services since 2012. His past registrations include Wells Fargo Advisors (Columbus, Ohio; 2003-2012), Prudential Securities (Columbus, Ohio; 1990-2003), and Merrill Lynch (New York, New York; 1983-1990). His credentials include the passage of ten securities industry qualifying exams: the General Securities Sales Supervisor Examination (Options Module & General Module), or Series 8; the General Securities Sales Supervisor – General Module Examination, or Series 10; the General Securities Sales Supervisor – Options Module Examination, or Series 9;  the General Securities Representative Examination, or Series 7; the Foreign Currency Options Examination, or Series 15; the National Commodity Futures Examination, or Series 3; the Interest Rate Options Examination, or Series 5; the Securities Industry Essentials Examination, or SIE; the Uniform Securities Agent State Law Examination, or Series 63; and the Uniform Investment Adviser Law Examination, or Series 65. He is licensed in Arizona, Colorado, Connecticut, Florida, Georgia, Maine, Montana, Nevada, New Jersey, New York, North Carolina, Ohio, South Carolina, Texas, and West Virginia. (Information current as of September 4, 2023.)

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