RONALD L JAVATE is currently employed as a Broker and/or Investment Adviser at J.P. MORGAN SECURITIES LLC located at 30 N BLVD OF PRESIDENTS, SARASOTA, FL, 34236.
RONALD L JAVATE has worked at J.P. MORGAN SECURITIES LLC since October 01, 2012
Disclosure History
RONALD L JAVATE has 5 Disclosure Event(s).
Date: December 26, 2014 Category: Customer Dispute Allegations: CLIENT ALLEGES MISREPRESENTATION REGARDING MANAGED ACCOUNT INVESTMENT. ACTIVITY DATES 08/24/2014-12/26/2014. Damage Amount Requested: $10,000.00 Broker Comment: THIS WAS A PERFORMANCE COMPLAINT DUE TO AN OPERATIONAL ISSUE BY JPMORGAN'S BACK OFFICE. THE CLIENT IS A SOPHISTICATED INVESTOR WHO WAS INVESTED IN THE PORTFOLIO FOR 3 MONTHS. DUE TO AN OPERATIONAL MISTAKE BY THE BACK OFFICE, ALL DIVIDENDS, INTEREST AND CAPITAL GAINS DISTRIBUTIONS WERE BEING WITHHELD TAXES AT 28% AND NOT BEING REINVESTED. THIS CONTRIBUTED TO THE SLIGHT NEGATIVE PERFORMANCE IN THE PORTFOLIO. RESOLUTION WAS ACHIEVED BY FURTHER REVIEW OF ACCOUNT OPENING DOCUMENTS. ONCE THE CLIENT WAS REFUNDED ALL THE WITHHOLDINGS, THE CLIENT WAS SATISFIED WITH THE CORRECTIONS AS WELL AS THE PORTFOLIO PERFORMANCE.
Date: December 27, 2013 Category: Customer Dispute Allegations: CLIENT ALLEGES POOR RECOMMENDATION/POOR ADVICE REGARDING MANAGED ACCOUNT INVESTMENT. ACTIVITY DATES 01/25/2013-11/19/2013. Damage Amount Requested: $5,064.61 Broker Comment: THIS COMPLAINT IS WITHOUT MERIT. CLIENT IS A SEASONED INVESTOR AND WAS LOOKING TO INVEST MONIES TO COMPLEMENT HIS CURRENT PORTFOLIO. THE CLIENT IS UPSET BECAUSE THE PORTFOLIOS WERE NOT GROWING AS MUCH AS THE S & P 500. HOWEVER, THE PORTFOLIOS THAT WERE RECOMMENDED WERE NOT MEANT TO BE BENCHMARKED AGAINST THE S & P 500. THE CLIENT UNDERSTOOD THAT THE PORTFOLIOS WERE NOT BENCHMARKED TO THE S & P 500 BUT TO OTHER CORRESPONDING INDICES IN ORDER TO DIVERSIFY HIS HOLDINGS. THIS COMPLAINT IS SIMPLY A PERFORMANCE COMPLAINT AND HAS NO ALLEGATIONS OF WRONG DOINGS. THIS COMPLAINT IS BASELESS AND HOLDS NO MERIT.
Date: June 28, 2005 Category: Customer Dispute Allegations: CUSTOMER ALLEGES UNSUITABILITY IN CONNECTION WITH THE SALE OF A FIXED ANNUITY. Damage Amount Requested: $34,877.36
Date: March 21, 2001 Category: Customer Dispute Allegations: UNSUITABILITY AND MARGIN PROBLEMS Damage Amount Requested: $19,400.00
More Information
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