JPMorgan Broker Suspended for Not Disclosing Kidnapping Charges

In an amended Form U4 dated April 27, 2022, the firm disclosed Truong was charged with a felony on Nov. 10, 2021.

“Truong willfully failed to timely amend” his Form U4 to disclose the charge, FINRA alleged. As a result of his actions, he violated Article V, Section 2(c) of FINRA’s by-laws and FINRA Rules 1122 and 2010, the regulator said.

The investigation into Truong originated from FINRA’s review of the amended form, it said.

Truong became aware of the felony charge by no later than Jan. 4, 2022 and was required to amend his Form U4 within 30 days to disclose the charge, according to FINRA. But Truong did not disclose the felony charge on his Form U4 until April 27, 2022, the regulator said.

Truong also falsely stated on a January 2022 annual compliance questionnaire that he had no arrests that had not been disclosed to JPMorgan, according to FINRA. Therefore, Truong “willfully failed to timely disclose a felony charge in violation” of Article V, Section 2(c) of FINRA’s By-Laws and FINRA Rules 1122 and 2010.

Pictured: FINRA sign in Rockville, Md. Credit: FINRA