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Steven Swanson Allegedly Misrepresented a Managed Bond Account

Steven Swanson (CRD #: 4396238), a broker registered with J.P. Morgan Securities, was involved in a recent dispute, according to his BrokerCheck record, accessed on July 14, 2022. Read on if you want to know more about Steven Swanson’s conduct as a broker.

Investor Dispute

In a dispute filed on May 2, 2022, an investor alleged that Steven Swanson allegedly made misrepresentations related to a managed bond account, from June 10, 2021, up to the date of filing. The client sought $500,000 in damages but was denied by the firm.

However, investors should know that firms can deny disputes without allowing an external review. Investors can still seek out FINRA arbitration after a denial and may be able to recover their losses.

FINRA Rule 2020

Misrepresenting investments violates FINRA Rule 2020, which bans the use of manipulation, deception, and other unethical methods of influencing investors’ decisions.

Background Information

Steven Swanson has passed the following exams:

  • Series 66 – Uniform Combined State Law Examination
  • Series 63 – Uniform Securities Agent State Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 7 – General Securities Representative Examination

Steven Swanson is a registered broker in 13 states and a registered investment adviser in Texas.

He has also worked for the following firms:

  • Chase Investment Services (CRD#:25574)
  • MetLife Securities (CRD#:14251)
  • Metropolitan Life Insurance Company (CRD#:4095)
  • Linsco/Private Ledger (CRD#:6413)
  • Edward Jones (CRD#:250)

Kurta Law Can Help

If you worked with Steven Swanson 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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