Michael R Jeppson (Michael Jeppson) – Financial Advisor/Broker Michael Jeppson Suspended by FINRA | Goodman & Nekvasil, P.A. May Recover Investor Losses
Michael Jeppson was a previously licensed financial advisor with Capital Investment Group, Inc. FINRA reports that Michael Jeppson was suspended from the securities industry for 15 days and fined $5,000 in September 2020.
According to FINRA Allegations:
In January and February 2017, in anticipation of joining another FINRA member firm, Jeppson improperly removed from Merrill Lynch his customers’ nonpublic personal information, without the Firm’s or the customers’ knowledge or consent. Specifically, Jeppson sent 161 unencrypted emails from his Merrill Lynch email account to his personal email account containing his customers’ nonpublic personal information that he received from Merrill Lynch as part of his employment with the firm as a registered representative. Jeppson retained this information after the termination of his association with Merrill Lynch, during which time he was not entitled to possess the information. All 161 emails contained information protected by Regulation S-P. Of these, 146 emails attached Quarterly Performance Reports that stated “SENSITIVE CLIENT INFORMATION INSIDE” on the cover page and included detailed financial information for each customer, such as total performance summary, asset allocation, account list (with partial account numbers), and relative performance. Fifteen emails included other information protected by Regulation S-P, such as account value, rate of return, and asset allocation. In addition, Jeppson sent an unencrypted chart of information concerning 182 clients to his personal email address that included the clients’ assets and the commissions generated from each client. This information also fell within the scope of Regulation S-P. At all relevant times, Merrill Lynch maintained policies and procedures that required its registered representatives to only use customers’ nonpublic information in their capacity as representatives. Merrill Lynch’s written supervisory procedures further prohibited registered representatives from sending confidential client information to a personal 3 email address and also prohibited the sending of such information without an appropriate level of encryption or other approved security measures.
Goodman & Nekvasil P.A. May Recover Investor Losses
If you lost money on investments with Michael Jeppson 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 Michael Jeppson’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 $180 million on behalf of victimized investors. If you lost money on investments with Michael Jeppson 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 9/28/2020 directly from FINRA BrokerCheck, without any changes. If you believe this information was reported incorrectly, please contact our firm at 1-800-500-4442.