Michael Mauro: JP Morgan Denied $1mm Complaint Against Adviser

Former Webster, New York financial advisor Michael Mauro (CRD# 5910550) recently received an investor complaint alleging that his conduct resulted in seven-figure damages. Financial Industry Regulatory Authority records show that the former JP Morgan Securities representative is not currently registered as a broker or an investment advisor.

Mr. Mauro’s BrokerCheck report discloses one investor complaint. Filed in April 2024, it alleged that as a representative of JP Morgan Securities, he solicited an investment in an unapproved outside business activity. The complaint alleged damages of $1 million and was denied by the firm in May 2024.

JP Morgan Securities’ website includes a page describing the firm’s history and services. “We are a leading global financial services firm with assets of $2.6 trillion and operations worldwide,” it explains. “With a legacy dating back to 1799, we have demonstrated leadership in times of economic growth and instability.”

According to the Financial Industry Regulatory Authority, Michael Mauro holds 12 years of securities industry experience. Most recently based in Webster, New York, he was registered with JP Morgan Securities from April 2023 until February 2024. His past registrations include LPL Financial (New York, New York; 2022-2023), Merrill Lynch (Pittsford, New York; 2019-2022), JP Morgan Securities (Pittsford, New York; 2012-2019), and Chase Investment Services (Henrietta, New York; 2011-2012). His credentials include the passage of five securities industry qualifying exams: the Investment Company Products/Variable Contracts Representative Examination, or Series 6; the  General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; the Uniform Securities Agent State Law Examination, or Series 63; and the Uniform Combined State Law Examination, or Series 66. He is not registered with any broker-dealer firm or licensed with any state. (Information current as of June 20, 2024.)

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