VINCENT FRANK SERSO is currently employed as a Broker and/or Investment Adviser at J.P. MORGAN SECURITIES LLC located at 401 MADISON AVE, NEW YORK, NY, 10017.
VINCENT FRANK SERSO has worked at J.P. MORGAN SECURITIES LLC since October 01, 2012
Disclosure History
VINCENT FRANK SERSO has 4 Disclosure Event(s).
Date: April 08, 2008 Category: Customer Dispute Allegations: CLIENT ALLEGES AN UNSUITABLE RECOMMENDATION RELATING TO THE LIQUIDITY OF AN AUCTION RATE SECURITIES PURCHASE. DAMAGES ARE UNSPECIFIED. Settlement Amount: $150,000.00 Broker Comment: ON AUGUST 13 AND 14, 2008, JPMORGAN CHASE AGREED TO A SETTLEMENT IN PRINCIPLE WITH THE NEW YORK ATTORNEY GENERAL'S OFFICE, AND THE OFFICE OF FINANCIAL REGULATION FOR THE STATE OF FLORIDA AND THE NORTH AMERICAN SECURITIES ADMINISTRATORS ASSOCIATION TASK FORCE, RESPECTIVELY, WHICH PROVIDED, AMONG OTHER THINGS, THAT THE FIRM WOULD BUY BACK AT PAR CERTAIN AUCTION RATE SECURITIES. AS PART OF THESE SETTLEMENTS, JP MORGAN SECURITIES, INC., PURCHASED BACK FROM [CUSTOMER] ARS POSITION(S) AT PAR, IN ADDITION TO PAYING ACCRUED INTEREST ON THE PAR AMOUNT.
Date: March 20, 2008 Category: Customer Dispute Allegations: CLIENT ALLEGES MISREPRESENTATION RELATING TO THE LIQUIDITY OF AUCTION RATE SECURITY. CLIENT HAS REQUESTED THE RETURN OF THEIR ORIGINAL INVESTMENT. Damage Amount Requested: $750,000.00 Settlement Amount: $750,000.00 Broker Comment: ON AUGUST 13 AND 14, 2008, JPMORGAN CHASE AGREED TO A SETTLEMENT IN PRINCIPLE WITH THE NEW YORK ATTORNEY GENERAL'S OFFICE, AND THE OFFICE OF FINANCIAL REGULATION FOR THE STATE OF FLORIDA AND THE NORTH AMERICAN SECURITIES ADMINISTRATORS ASSOCIATION TASK FORCE, RESPECTIVELY, WHICH PROVIDED, AMONG OTHER THINGS, THAT THE FIRM WOULD BUY BACK AT PAR CERTAIN AUCTION RATE SECURITIES. AS PART OF THESE SETTLEMENTS, JP MORGAN SECURITIES, INC., PURCHASED BACK FROM SEVILLE MARKETING CO. ([THIRD PARTY])ARS POSITION(S) AT PAR, IN ADDITION TO PAYING ACCRUED INTEREST ON THE PAR AMOUNT.
Date: March 12, 2008 Category: Customer Dispute Allegations: CLIENT ALLEGES MISREPRESENTATION RELATING TO THE LIQUIDITY OF AN AUCTION RATE SECURITIES PURCHASE. CLIENT HAS REQUESTED THE RETURN OF THEIR ORIGINAL INVESTMENT.CLIENTS BONDS WERE CALLED BY THE ISSUER Damage Amount Requested: $200,000.00
Date: February 21, 2008 Category: Customer Dispute Allegations: CLIENT ALLEGES MISREPRESENTATION RELATING TO THE LIQUIDITY OF AN AUCTION RATE SECURITIES PURCHASE. DAMAGES ARE UNSPECIFIED. Broker Comment: THE CLIENTS OTHER POSITIONS WERE CALLED AND/OR LIQUIDATED AT AUCTION.
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