Investor Alleges Phyllis Bartolotta Made Misrepresentations

Phyllis Bartolotta (CRD #: 4508551), a broker formerly registered with J.P. Morgan Securities, was the subject of a recent investor dispute, according to her BrokerCheck record, accessed on February 16, 2023. If you have questions about her alleged conduct as a broker, keep reading.

Investor Dispute

On January 17, 2023, an investor alleged that Phyllis Bartolotta misrepresented an unsuitable managed account investment. The client alleges that this misconduct occurred on December 6, 2019. They sought $313,000 in damages but the dispute was denied by the firm.

However, investors should be aware that firms don’t need to allow an external review before denying a dispute. Investors may be able to recoup their losses by seeking out FINRA arbitration following a denial.

FINRA Rule 2020

FINRA Rule 2020 prohibits the use of deceptive, manipulative, and otherwise unethical means of influencing investors’ decisions. Misrepresenting an investment’s potential fees, risks, or other features violates this rule.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to take investors’ profiles into account when recommending investments. Brokers must use the information contained in an investor’s profile, such as their risk tolerance, tax status, and overall financial situation.

Investors who believe their losses are the result of unsuitable investment recommendations may be able to recover their funds by pursuing FINRA arbitration.

Background Information

Phyllis Bartolotta 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
• Series 6TO – Investment Company Products/Variable Contracts Representative Examination
• SIE – Securities Industry Essentials Examination
• Series 7 – General Securities Representative Examination
• Series 6 – Investment Company Products/Variable Contracts Representative Examination

She previously worked for the following firms:

• J.P. Morgan Securities (CRD#:79)
• Merrill Lynch, Pierce, Fenner & Smith (CRD#:7691)
• Chase Investment Services (CRD#:25574)
• Banc One Securities Corporation (CRD#:16999)

Kurta Law Can Help

If you worked with Phyllis Bartolotta 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.