News and Articles

In August 2013, FINRA announced that New York Registered Representative John Rom submitted a Letter of Acceptance, Waiver and Consent in which he was barred from association with any FINRA member in any capacity. Without admitting or denying the findings, Rom consented to the described sanction and to the entry of findings that, in his capacity as the treasurer of a school parent teacher association (PTA), he misappropriated at least $3,000 from the PTA by writing a series of checks on the PTA’s bank account that were made payable to either himself or cash, and then used the funds for his personal expenses. The findings stated that Rom did not have permission or authority to use the funds for his own purposes.  Mr. Rom was most recently registered with J.P. Morgan Securities LLC.  Mr. Rom’s CRD does not reflect any FINRA arbitrations or customer complaints.