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Omid Kamali Fired from J.P. Morgan Securities Over Alleged Unapproved OBA

Omid Kamali (CRD #: 4601784), a broker formerly registered with J.P. Morgan Securities, was fired from that firm, according to his BrokerCheck record, accessed on June 7, 2023. Keep reading if you want to know more about his alleged conduct as a broker.

Termination from J.P. Morgan Securities

On April 28, 2023, Omid Kamali was fired from J.P. Morgan Securities and JPMorgan Chase Bank for engaging in an unapproved outside business activity in his capacity as a bank employee and failing to cease this engagement after being informed this activity was not approved by the bank.

He allegedly also emailed proprietary firm information to his personal email address.

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade. Violations of many other rules may also qualify as violations of FINRA Rule 2010.

Background Information

Omid Kamali has passed the following exams:

  • Series 66 – Uniform Combined State Law Examination
  • Series 7TO – General Securities Representative Examination
  • SIE – Securities Industry Essentials Examination
  • Series 7 – General Securities Representative Examination

He previously worked for the following firms:

  • J.P. Morgan Securities (CRD#:79)
  • Merrill Lynch, Pierce, Fenner & Smith (CRD#:7691)
  • NI Advisors (CRD#:134502)
  • Citicorp Investment Services (CRD#:23988)
  • UBS PaineWebber (CRD#:8174)

Kurta Law Can Help

If you worked with Omid Kamali and you 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 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.

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