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J.P. Morgan Fires Monica Laguna

Monica Laguna (CRD #: 6286123) was fired by her firm, according to her BrokerCheck record, accessed on June 26, 2022. Read on if you have questions about Monica Laguna’s conduct as a broker.

Discharge from J.P. Morgan Securities

On April 14, 2022, JPMorgan Chase Bank fired Monica Laguna after allegedly violating firm policy by making several cash deposits to her personal affiliate bank account under the Cash Transaction Reporting threshold. 

Firm policies do not allow multiple cash deposits under the cash transaction reporting threshold to prevent “structuring.” Structuring is a tactic often used in money laundering. Money launderers may want to disguise the true amount of their deposit by splitting it up into smaller deposits. FINRA Rule 3310 requires firms to have anti-money laundering policies in place. 

Background Information

Monica Laguna 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

She previously worked for J.P. Morgan Securities (CRD#:79).

Kurta Law Can Help

If you worked with Monica Laguna and you have concerns about your investments, please contact us today at 877-600-0098 or 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 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.