Joseph Pinhasov (CRD # 6570487) Was Discharged After Allegations, According to FINRA BrokerCheck

Joseph Pinhasov (CRD # 6570487) was previously registered with J.P. Morgan Securities LLC, Wells Fargo Clearing Services, LLC, and Wells Fargo Advisors, LLC. Joseph Pinhasov’s FINRA BrokerCheck report reflects one disclosure event—an employment separation after allegations.

BrokerCheck link: BrokerCheck

BrokerCheck report: BrokerCheck report

Employment separation after allegations

According to Joseph Pinhasov’s FINRA BrokerCheck report, JPMorgan Chase Bank, N.A. discharged Joseph Pinhasov on December 11, 2025. The disclosure states that, in the capacity of an affiliate bank employee, Joseph Pinhasov was terminated for entering inaccurate information into an internal affiliate bank system regarding customer phone calls, and that the matter was not related to any known customer complaints or the sale of securities.

Rule summary

Rule summary #1: FINRA By-Laws Article V, Section 3 (Form U5 termination and amendment obligations)

FINRA’s By-Laws require member firms to file a Form U5 (Uniform Termination Notice) within 30 calendar days of terminating an associated person’s registration, and to file an amended Form U5 within 30 calendar days after the firm learns new facts that make the original filing inaccurate or incomplete. These reporting obligations help keep CRD/BrokerCheck records current for regulators, firms, and investors.

FINRA source: Article V, Section 3 (referenced in Regulatory Notice 25-09)

Rule summary #2: FINRA Rule 1010(e) (Form U5 filing requirements and recordkeeping)

FINRA Rule 1010 requires initial filings and amendments of Form U5 to be submitted electronically and requires firms to retain related records for at least three years (with the first two years in an easily accessible place), making them available promptly upon regulatory request. This framework supports the integrity and accessibility of termination-related information that appears in CRD and BrokerCheck.

FINRA source: FINRA Rule 1010

Why this matters to investors (Regulation Best Interest)

Regulation Best Interest (Reg BI) is a U.S. securities regulation designed to strengthen the standard of conduct that broker-dealers owe to retail investors when making recommendations about securities transactions or investment strategies. Adopted by the U.S. Securities and Exchange Commission and effective as of June 30, 2020, Reg BI aims to enhance investor protection while preserving investor access to brokerage products and services.

Reg BI requires broker-dealers and financial advisors to act in the best interest of the retail customer at the time a recommendation is made, and not to place their own financial or other interests ahead of the customer’s. This represents a higher standard than the historical “suitability” requirement, which only required that recommendations be suitable, not necessarily optimal or conflict-free.

Reg BI is built around four key obligations:

1. Disclosure Obligation – Broker-dealers must disclose material facts about the relationship and recommendations, including fees, scope of services, and conflicts of interest.
2. Care Obligation – Recommendations must be made with reasonable diligence, care, and skill, considering costs, risks, and alternatives.
3. Conflict of Interest Obligation – Firms must identify, disclose, and mitigate or eliminate conflicts, particularly those that create incentives to favor one product over another.
4. Compliance Obligation – Firms must establish policies and procedures designed to ensure compliance with Reg BI as a whole.

Importantly, Reg BI applies at the recommendation level, not as a continuous duty like the fiduciary standard applicable to registered investment advisers. Still, it significantly narrows the gap by emphasizing cost considerations, conflict management, and investor-focused decision-making.

Overall, Regulation Best Interest seeks to promote transparency, improve the quality of investment recommendations, and reinforce trust between retail investors and broker-dealers in the U.S. securities markets.

Background information (from BrokerCheck)

Based on Joseph Pinhasov’s BrokerCheck report, Joseph Pinhasov reportedly:

Is not currently registered with a brokerage firm.

Has passed the Securities Industry Essentials (SIE), Series 6, and Series 63 exams.

Was previously registered with J.P. Morgan Securities LLC, Wells Fargo Clearing Services, LLC, and Wells Fargo Advisors, LLC.

Kurta Law Can Help

If you have worked with Joseph Pinhasov and you have concerns about your investments, contact Kurta Law at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

Helpful resources: Form U5: Revealing the Reasons for Broker Terminations | BrokerCheck Expungement

For nearly 20 years, Kurta Law has advocated for investors seeking to recover investment losses caused by broker misconduct and securities fraud. Our attorneys represent investors nationwide on a contingency-fee basis, meaning we do not collect a fee unless we recover money for you. If you believe broker misconduct may have affected your portfolio, start your recovery process today.