LOS ANGELES, CALIFORNIA
Have you lost money with financial advisor Trevor Rahn from Los Angeles, California? We are looking into allegations made by FINRA (the Financial Industry Regulatory Authority) against Trevor B. Rahn. FINRA suspended Rahn from the securities industry for eighteen months and fined him $10,000.
Rahn was being investigated regarding allegations that he used an “average pricing” strategy which broke up orders into multiple small trades. This caused the trades to generate separate commissions. Rahn also allegedly made unauthorized trades.
Trevor Rahn was a registered representative and financial advisor with J.P. Morgan Securities from July 2010 to September 2018. He worked out of a branch office in Los Angeles, California.
Broker-dealers like J.P. Morgan Securities have a responsibility to adequately supervise all representatives who are registered through their firm, including investments sold by their registered representatives. Broker-dealers also must take steps to ensure that their financial advisors follow all securities rules and regulations. When broker-dealers fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.
Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado; Seattle, Washington; Phoenix, Arizona; and Ann Arbor, Michigan. We represent investors in FINRA arbitration proceedings in all 50 states, including investors in California. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including against J.P. Morgan Securities.