John Marmion Subject of a Final Order from the Ohio Division of Securities
John Marmion (CRD #: 1139175), a broker registered with UBS Financial Services, is the subject of a Cease and Desist Order issued by the Ohio Division of Securities. This disclosure appears in his BrokerCheck record and in the Ohio Department of Commerce Division Final Orders, Order 23-022. For details concerning this order, keep reading.
On June 28, 2023, John Marmion entered into a Consent Agreement with the Ohio Department of Commerce Division of Securities in which he consented to the findings that he did not follow his firm’s internal written policy and procedure for reporting a suspected instance of financial exploitation. This alleged misconduct also violated Ohio state law regarding elder financial exploitation.
The Order alleges that John Marmion suspected his elderly client was the victim of a scam when she requested $200,000 be withdrawn from her account in four separate checks of $50,000 each. She informed him that she intended to purchase a house. John Marmion allegedly asked her if she was being scammed. Her son later informed him that his mother had been scammed into believing her son had been kidnapped and had sent the cash payments in order to free him.
Background Information
John Marmion has passed the following exams:
- Series 65 Uniform Investment Adviser Law Examination
- Series 63 Uniform Securities Agent State Law Examination
- SIE – Securities Industry Essentials Examination
- Series 5 Interest Rate Options Examination
- Series 3 National Commodity Futures Examination
- Series 15 Foreign Currency Options Examination
- Series 7 General Securities Representative Examination
- Series 9 General Securities Sales Supervisor – Options Module Examination
- Series 10 General Securities Sales Supervisor General Module Examination
- Series 8 General Securities Sales Supervisor Examination (Options Module & General Module)
He is a registered broker in 14 states and is a registered investment adviser in Ohio and Texas.
John Marion has registered with the following firms:
- UBS Financial Services (CRD #: 8174)
- Wells Fargo Advisors (CRD #: 19616)
- Prudential Securities Incorporated (CRD #: 7471)
- Merrill Lynch, Pierce, Fenner & Smith Incorporated (CRD #: 7691)
Kurta Law Can Help
If you worked with John Marion and 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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