ROY GRADY POPHAM

ROY GRADY POPHAM is currently employed as a Broker and/or Investment Adviser at J.P. MORGAN SECURITIES LLC located at 2200 ROSS AVENUE, SUITE 700 & 10th Floor, DALLAS, TX, 75201.

ROY GRADY POPHAM has worked at J.P. MORGAN SECURITIES LLC since October 01, 2008

Disclosure History

ROY GRADY POPHAM has 2 Disclosure Event(s).

Date: March 10, 2008
Category: Customer Dispute
Allegations: THIS COMPLAINT AROSE OUT OF THE SALE OF AN AUCTION RATE SECURITY (ARS) THAT WAS MADE PRIOR TO THE UNPRECENDENTED ILLIQUIDITY IN THE ARS MARKET THAT OCCURRED IN FEBRUARY 2008.
Settlement Amount: $775,000.00
Broker Comment: THIS MATTER RELATES TO THE BREAKDOWN IN THE LIQUIDITY IN THE MARKET FOR AUCTION RATE SECURITIES (ARS). THE REGISTERED REPRESENTATIVE DID NOT CAUSE, CONTRIBUTE OR HAVE ANY CONTROL OVER THESE MARKET EVENTS. THE FIRM REACHED AGREEMENT WITH CERTAIN OF ITS REGULATORS, PURSUANT TO WHICH IT REPURCHASED ARS FOR THEIR FULL PAR VALUE FROM CERTAIN CLIENTS WHETHER THEY COMPLAINED OR NOT. THE REGISTERED REPRESENTATIVE DID NOT CONTRIBUTE TO THE REPURCHASE AMOUNT. THE SETTLEMENT AMOUNT REFLECTS THE PAR VALUE OF THE REPURCHASED ARS FOR THIS PARTICULAR CLIENT, AS REQUIRED BY FINRA REGULATORY NOTICE 09-12.

Date: March 07, 2008
Category: Customer Dispute
Allegations: THIS COMPLAINT IS RELATED TO THE RECENT BREAKDOWN IN THE LIQUIDITY IN THE MARKET FOR AUCTION RATES SECURITIES. CLIENT ALLEGED THAT HIS INVESTMENTS IN AUCTION RATES WERE NOT APPROPRIATE FOR HIS INVESTMENT PROFILE. CLIENT DID NOT SPECIFY A DAMAGE AMOUNT. CLIENT HAS SINCE LIQUIDATED ALL OF HIS AUCTION RATE SECURITIES

More Information

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