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Adam Tekel Allegedly Engaged in Unauthorized Trading

Adam Tekel (CRD #: 6112888), a broker registered with J.P. Morgan is the subject of an investor dispute. This is according to his BrokerCheck record, accessed on May 20, 2024. Keep reading if you have questions regarding his alleged conduct. 

Investor Allegations 

On March 25, 2024, an investor alleged that Adam Tekel engaged in unauthorized trading in a managed account investment. The dispute was denied by the firm, but investors should know that firms can deny disputes without any external review. Investors can still recover losses following a denial. 

Unauthorized Trading

FINRA Rule 3260 limits discretionary trading by brokers to pre-approved discretionary accounts. These accounts must be approved for discretionary trading by both the client and the firm. Discretionary trading that takes place in an account that has not been approved is unauthorized.

Background Information 

Adam Tekel has passed the following exams: 

  • Series 66 – Uniform Combined State Law Examination 
  • SIE – Securities Industry Essentials Examination 
  • Series 7 General Securities Representative Examination 

He is a registered broker in 13 states and is a registered investment adviser in Florida and Texas. 

Adam Tekel has registered with the following firms:

  • JP Morgan Securities (CRD #: 79) 
  • RBC Capital Markets (CRD #: 31194) 
  • Merrill Lynch, Pierce, Fenner & Smith (CRD #: 7691) 

Kurta Law Can Help 

If you have worked with Adam Tekel and have concerns about your investments, do not hesitate to contact us at 877-600-0098 or email info@kurtalawfirm.com for a free consultation. 

For nearly 20 years, Kurta Law has advocated for investors to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm that exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf. Do not let securities fraud go unchecked. Start your recovery process today.

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