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Sean Gordon Suspended by FINRA Over Alleged Outside Business Activity

Sean Gordon (CRD #: 3057652), a broker formerly registered with J.P. Morgan Securities, has been suspended by FINRA, according to his BrokerCheck record, accessed on January 5, 2023. Keep reading if you have questions about his alleged conduct as a broker.

FINRA Suspension

On December 1, 2022, Sean Gordon consented to the entry of findings that he allegedly engaged in an outside business activity without providing prior written notice to his firm, J.P. Morgan Securities.

A Letter of Acceptance, Waiver & Consent (AWC) alleged that Sean Gordon operated an insurance business between August 2019 and May 2021 while associated with J.P. Morgan Securities. He allegedly serviced insurance policies on behalf of his clients, received $33,000 in compensation, and applied for and received a loan in connection with this business.

The AWC alleged that Sean Gordon did not provide J.P. Morgan Securities with written notice before engaging in this business activity, but did notify the firm in approximately December 2019. However, he allegedly continued to operate his business after the firm denied him approval until his termination from the firm in May 2021.

The AWC concluded that this alleged misconduct constituted violations of FINRA Rules 3270 and 2010.

FINRA Rule 3270

FINRA Rule 3270 requires brokers to disclose any business activities they engage in outside their firm, as well as any compensation they may receive from these activities.

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade.

Sanctions

Sean Gordon consented to the following sanctions:

  • $5,000 fine
  • 2-month suspension

His suspension began on December 5, 2022, and will end on February 4, 2023.

You can read the full AWC here.

Other business activities

Sean Gordon’s detailed BrokerCheck page does not currently list any outside business activities. 

Termination from J.P. Morgan Securities

On May 26, 2021, Sean Gordon was terminated by JPMorgan Chase Bank for allegedly participating in an unapproved business activity and continuing to participate in this activity after being advised to stop.

Background Information

Sean Gordon has passed the following exams:

  • Series 63 – Uniform Securities Agent State Law Examination
  • Series 65 – Uniform Investment Adviser Law Examination
  • Series 6TO – Investment Company Products/Variable Contracts Representative Examination
  • SIE – Securities Industry Essentials Examination
  • Series 31 – Futures Managed Funds Examination
  • Series 7 – General Securities Representative Examination

He has also worked for the following firms:

  • J.P. Morgan Securities (CRD#:79)
  • Lincoln Investment (CRD#:519)
  • ING Financial Advisers (CRD#:34815)
  • GunnAllen Financial (CRD#:17609)
  • Dean Witter Reynolds (CRD#:7556)

Kurta Law Can Help

If you worked with Sean Gordon 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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