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Ashraf Abutouq Fired from JPMorgan Chase Bank

Ashraf Abutouq (CRD #: 7203618), a broker formerly registered with J.P. Morgan Securities, was fired from that firm’s affiliate bank, according to his BrokerCheck record, accessed on May 28, 2025. Read on if you want to learn more about his alleged conduct as a broker.

Termination from JPMorgan Chase Bank

On February 21, 2025, Ashraf Abutouq was fired from JPMorgan Chase Bank following allegations that he opened a new bank account for a customer against their wishes and that this made him eligible for an incentive credit he would not otherwise receive.

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade.

Background Information

Ashraf Abutouq has passed the following exams:

  • Investment Company Products/Variable Contracts Representative Examination – Series 6TO
  • Securities Industry Essentials Examination – SIE
  • Uniform Securities Agent State Law Examination -Series 63

He previously worked for J.P. Morgan Securities (CRD#:79).

Kurta Law Can Help

If you worked with Ashraf Abutouq and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want 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. 

 

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