Jimmy Maldonado

Jimmy Maldonado is currently employed as a Broker and/or Investment Adviser at LPL FINANCIAL LLC located at 2340 N HOLLYWOOD WAY, BURBANK, CA, 91505-1124.

Jimmy Maldonado has worked at LPL FINANCIAL LLC since February 14, 2018

Disclosure History

Jimmy Maldonado has 2 Disclosure Event(s).

Date: July 27, 2000
Category: Employment Separation After Allegations
Firm Name: J.B. OXFORD & COMPANY
Termination Type: Discharged
Allegations: ONE OF REP. MALDONADO'S CUSTOMERS COMPLAINED OF A LATE EXECUTION. UPON FURTHER REVIEW THE FIRM DETERMINED THAT REP. MALDONADO MAY HAVE EXERCISED DISCRETION IN THE ACCOUNT WITHOUT WRITTEN AUTHORIZATION. THE FIRM ENTERED INTO A SETTLEMENT AGREEMENT WITH THE CUSTOMER FOR $5,153.53 WHICH WAS CHARGED TO REP. MALDONADO. HE WAS SUBSEQUENTLY TERMINATED FROM J.B. OXFORD & COMPANY.
Broker Comment: PLEASE SEE ABOVE EXPLANATION UNDER ALLEGATIONS BOX.

Date: July 25, 2000
Category: Customer Dispute
Allegations: COMPLAINT IN QUESTION INVOLVES A TRADE ON JUNIPER (JNPR) WHICH THE BROKER DECIDED TO SELL BASED UPON THE "NOT HELD ORDER" GIVEN BY THE CLIENT AS THE STOCK WAS DROPPING FAST. THE CLIENT GAVE THIS "NOT HELD ORDER" TO THE BROKER TO SELL HIS STOCK EITHER AT A PROFIT OR LOSS DEPENDING UPON WHICH DIRECTION THE BROKER FELT THE MARKET WAS HEADED. THE BROKER CLAIMS THIS PERSON WAS HIS CLIENT FOR APPROXIMATELY FOUR WEEKS IN WHICH HIS ACCOUNT WAS UP ABOUT SIXTEEN PERCENT (16%). UNFORTUNATELY THIS TIME, BROKER SOLD JNPR AT THE LOW BID OF THE DAY WHICH MADE BOTH PARTIES UNHAPPY. THESE THINGS HAPPEN WITH THE VOLATILITY OF THE MARKET. PREVIOUSLY, THE CLIENT WAS VERY HAPPY WITH THEIR RETURNS AND HAD CONGRATULATED THE BROKER MANY TIMES FOR EITHER CUTTING THEIR LOSSES OR FOR PROFITABLE TRADES. THIS TIME, THE CLIENT CALLED THE MANAGER AND COMPLAINED. THE MANAGER FELT THE EASIEST WAY TO FIX THE PROBLEM WAS TO SETTLE WITH THE CLIENT FOR $5,153.33. JB OXFORD & CO. THEN TOOK THE BROKER'S LAST COMMISSION CHECK TO PAY THE CLIENT AND THEN TERMINATED BROKER.
Damage Amount Requested: $5,153.33
Settlement Amount: $5,153.33
Broker Comment: CLIENT COMPLAINT WAS SETTLED FOR $5,153.33 - TAKEN OUT OF BROKER'S LAST COMMISSION CHECK WITH JB OXFORD & CO. THEREAFTER, BROKER WAS TERMINATED FROM THE COMPANY.

More Information

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BrokerCheck is the source of the data included in this Report. The data was compiled on June 29, 2018.

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