Jasmit Singh – Financial Advisor/Broker Suspended from Securities Industry | Goodman & Nekvasil P.A., May Recover Investor Losses
Jasmit Singh is a previously licensed financial advisor with JP Morgan Securities LLC.
According to FINRA, Jasmit Singh was fined $10,000 and suspended from the securities industry for seven months in February 2021.
According to FINRA Allegations:
Singh consented to the sanctions and to the entry of findings that he failed to provide written notice to his member firm prior to marketing apparel, vaping products, and event promotion services through e-commerce companies he co-owned, and prior to performing consulting services for a small business that was not a customer of the firm. The findings stated that Singh received compensation in connection with these outside business activities (OBA). In addition, Singh submitted annual compliance questionnaires to the firm in which he stated inaccurately that he had no OBAs to disclose. The findings also stated that Singh did not provide notice to or receive approval from his firm prior to participating in private securities transactions. Singh solicited investors, who were not customers of the firm, to invest in private placement offerings through a venture capital fund. Singh communicated with the investors verbally and in writing to inform them about the offerings and encourage them to invest, introduced them to and arranged discussions with a general partner of the fund, and facilitated the transactions by sending the investors subscription agreements and wiring instructions that he received from the general partner. Singh received finder’s fees in connection with these transactions.
Goodman & Nekvasil, P.A. May Recover Investor Losses:
If you lost money on investments with Jasmit Singh and believe the investments may have been unsuitable or otherwise improper for you, we would like to discuss the possibility of your retaining our firm to represent you in an arbitration action concerning Jasmit Singh’s conduct. There is no charge for an evaluation of your case. Further, we handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee. Unless you recover any money, you pay us nothing, not even the costs and expenses which the firm will advance on your behalf.
Kalju Nekvasil, Esq., formerly regional counsel with the NASD, now known as FINRA, has practiced in this area of the law for more than 35 years. Goodman & Nekvasil, P.A. has recovered more than $200 million on behalf of victimized investors. If you lost money on investments with Jasmit Singh and would like your case evaluated by a securities attorney (again, there is no charge for an evaluation and all cases are handled on a purely contingency fee basis), please contact us.
Some of the information in this blog post was obtained on 10/27/2021 directly from FINRA BrokerCheck, without any changes. If you believe this information was reported incorrectly, please contact our firm at 1-800-500-4442.