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Farzaneh Dowd Fired from J.P. Morgan Securities

Nov 17, 2022 Fired Brokers

Farzaneh Dowd (CRD #: 6837401), a broker formerly registered with J.P. Morgan Securities, was fired from the firm, according to her BrokerCheck record, accessed on November 11, 2022. Read on if you have questions about her conduct as a broker.

Termination from J.P. Morgan Securities

On September 19, 2022, Farzaneh Dowd was fired by JPMorgan Chase Bank for allegedly violating firm policy regarding personal finances by making several cash deposits to her personal affiliate bank account under the Cash Transaction Reporting threshold.

The Bank Secrecy Act requires firms to have anti-money laundering rules in place. These rules prohibit dividing a deposit into several deposits in order to avoid the Cash Transaction Reporting threshold. Brokerage firms must report cash transactions of $10,000 or more. 

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade. These high standards include compliance with anti-money laundering rules and regulations. 

Background Information

Farzaneh Dowd has passed the following exams:

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

She previously worked for J.P. Morgan Securities (CRD#:79) and Wells Fargo Clearing Services (CRD#:19616).

Kurta Law Can Help

If you worked with Farzaneh Dowd and you have concerns about your investments, please contact us today at 877-600-0098 or 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 and 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.