Michael Mauro is Involved in a $1 Million Dispute

Michael Mauro (CRD #: 5910550), a previously registered broker with JP Morgan Securities, is the subject of an investor dispute. This is according to his BrokerCheck record, accessed on June 13, 2024. Keep reading if you have questions regarding his alleged conduct. 

Investor Allegations 

On April 30, 2024, an investor alleged that Michael Mauro solicited him for an investment in an unapproved outside business activity. The investor sought $1,000,000 but the dispute was denied. Investors should know, however, that firms can deny disputes without any external review. Investors can still recover following a denial. 

There are no outside businesses disclosed on his detailed BrokerCheck record. 

Unauthorized Trading

FINRA Rule 3260 limits discretionary trading by brokers to pre-approved discretionary accounts. These accounts must be approved for discretionary trading by both the client and the firm. Discretionary trading that takes place in an account that has not been approved is unauthorized.

Background Information 

Michael Mauro has passed the following exams: 

• Series 66 Uniform Combined State 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 

During his 12 years of experience, Michael Mauro has registered with the following firms: 

• JP Morgan Securities (CRD #: 79) 
• LPL Financial (CRD #: 6413) 
• Merrill Lynch, Pierce, Fenner & Smith (CRD #: 7691) 
• Chase Investment Services (CRD #: 25574)

Kurta Law Can Help 

If you have worked with Michael Mauro and have concerns about your investments, do not hesitate to contact us at 877-600-0098 or email info@kurtalawfirm.com for a free consultation. 

For nearly 20 years, Kurta Law has advocated for investors 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. Do not let securities fraud go unchecked. Start your recovery process today.