JPMorgan Chase Bank Fires Jose Castillo for Alleged Firm Policy Violation
Jose Castillo (CRD #: 5507723), a broker and investment advisor with Western International Securities, has been fired from his position at JPMorgan Chase Bank, according to his BrokerCheck record, accessed on November 17, 2021. Besides
Jose Castillo’s Employment Termination Details
On September 7, 2021, JPMorgan Chase Bank fired Jose Castillo following allegations that he violated the firm’s policy governing personal finances. According to JPMorgan Chase Bank, he allegedly made several cash deposits to his personal affiliate bank account under the currency transaction reporting threshold.
On April 9, 2020, Jose Castillo was involved in an investor dispute, which has been settled. According to the investor, in March 2020, Jose Castillo allegedly recommended an unsuitable mutual fund investment. The damage amount requested was $391,901; the dispute was settled for $150,000.00.
What Makes an Investment Unsuitable?
FINRA Rule 2111 requires that brokers only recommend investments that suit their customer’s financial goals and risk tolerance.
Jose Castillo 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 7 – General Securities Representative Examination
- Series 6 – Investment Company Products/Variable Contracts Representative Examination
He s a registered broker and investment advisor in California and Texas.
Other than Western International Securities, Jose Castillo has also worked with the following firms:
- J.P. Morgan Securities (CRD#:79)
- Chase Investment Services (CRD#:25574)
- Wamu Investments (CRD#:599)
Kurta Law Can Help
If you have suffered losses after working with Jose Castillo, don’t hesitate to contact us today at 877-600-0098 or email@example.com for a free consultation.
For nearly 20 years, Kurta Law has advocated for investors. 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. Reach out today to start the process to recover your investment losses.