JOSE MIGUEL ABADIN is currently employed as a Broker and/or Investment Adviser at GLENDALE SECURITIES, INC. located at 15233 VENTURA BLVD., SUITE 712, SHERMAN OAKS, CA, 91403.
JOSE MIGUEL ABADIN has worked at GLENDALE SECURITIES, INC. since February 24, 2006
Disclosure History
JOSE MIGUEL ABADIN has 2 Disclosure Event(s).
Date: October 05, 2017 Category: Regulatory Initiated By: FINRA Allegations: Abadin was named a respondent in a FINRA complaint alleging that he failed to comply with Section 5 of the Securities Act of 1933 by causing his member firm to engage in the unlawful resale of approximately 482,377 shares of restricted securities into the public market, absent a valid exemption. The complaint alleges that Abadin failed to detect or to investigate potentially suspicious activity within customer accounts that liquidated a stock, including: the cause or causes of the wild price increases and volatility that occurred when the stock began trading; that a customer had funded a promotional campaign for the stock and intended to liquidate the shares during the promotional campaign; deposit and liquidation activity within another customer's account, which was deemed a high-risk account; or deposit and liquidation activity within Abadin's account. Because Abadin did not adequately identify or consider numerous red flags related to customer accounts, he also failed to adequately consider whether to file a Suspicious Activity Report with respect to these accounts, as required by the Bank Secrecy Act and its implementing regulations.
Date: August 01, 1986 Category: Employment Separation After Allegations Firm Name: MORGAN, OLMSTEAD, KENNEDY & GARDNER, INC. Termination Type: Discharged Allegations: -IMPROPER USE OF JUDGEMENT WHILE TRADING Broker Comment: NO SUSPENSION, NO FINEA TRADING ERROR OCCURED FROM TRADES MADE WHILE IWAS WORKING ON THE TRADING DESK FOR MORGAN OLMSTEAD KENNEDY & I EXECUTED SEVERAL EQUITY OPTION TRADES WITHOUT SUPERVISOR APPROVAL WHILE TRYING TO MINIMIZE THE LOSS OF THE ERRORGARDNER. I WAS TERMINATED BECAUSE MY SUPERVISOR FELT HE WAS NOTNOTIFIED PROPERLY.
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