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Michael Morcos is the Subject of an Investor Dispute

Securities Lawyer Jonathan Kurta
By: Jonathan Kurta Author
August 7, 2025 at 2:43pm

Michael Morcos (CRD #: 6903793), a broker registered with JP Morgan Securities, is the subject of an investor dispute. This is according to his BrokerCheck record, accessed on August 7, 2025. Keep reading if you have questions regarding his alleged conduct. 

Investor Allegations 

On April 8, 2025, an investor alleged that Michael Morcos engaged in unauthorized trading and misrepresentation regarding a managed account investment. The investor sought $148,858 but the dispute was denied by the firm. Firms can deny disputes without any external review, and investors should know that they can still recover losses following a denial. 

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.

Misrepresentation 

FINRA Rule 2020 prohibits the use of deceptive, manipulative, and otherwise fraudulent methods to influence the purchase and sale of securities. The misrepresentation or omission of material facts violates this rule.

Background Information 

Michael Morcos has passed the following exams: 

  • Series 66 Uniform Combined State Law Examination
  • Series 63 Uniform Securities Agent State Law Examination
  • Series 7TO General Securities Representative Examination 
  • SIE – Securities Industry Essentials Examination 
  • Series 6 Investment Company Products / Variable Contracts Representative Examination 

He is a registered broker in seven states and is a registered investment adviser in Texas. 

Kurta Law Can Help

If you worked with Michael Morcos 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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