Ex-J.P. Morgan broker expelled for not complying with FINRA probe
Another former J.P. Morgan rep has been ousted from the industry for refusing to cooperate with a FINRA investigation.
Angelina Ozlem Todurge, a former broker with J.P. Morgan Securities in Palm Beach, Florida, declined to provide the regulator with the documents and information it needed to investigate allegations that she converted $13,000 for personal use, according to her settlement with FINRA.
Failure to comply with FINRA investigations automatically result in a bar, the regulator said.
Todurge was terminated from J.P. Morgan in August 2016 for allegedly failing to report funds that were errantly wired to her Chase bank account from a third party. The firm accused her of using the funds for her personal use, FINRA claimed.
Todurge could not be reached for comment. In her settlement, Todurge neither admitted nor denied the charges but consented to an entry of FINRA’s findings.
Todurge worked for J.P. Morgan from December 2016 to August 2016, when she was discharged for the alleged misconduct, according to BrokerCheck records. She worked for both J.P.Morgan Securities and J.P. Morgan Chase Bank.
Michael Fusco, a spokesman for Chase Wealth Management, declined to comment on the matter.
Todurge joins at least three other former J.P. Morgan reps who were barred for declining FINRA’s request for information. Moises David Rivera-Castillo, formerly with J.P. Morgan in Mount Kisco, New York, was barred in December for failing to provide documents related to allegations that he issued and used unauthorized bank debit cards for personal use. Bo Li, a former rep in Salt Lake City, was also expelled in December for refusing to appear for on-the-record testimony regarding transactions in his personal bank account. And Whitley Kiara Hood, once with J.P. Morgan in Chicago, was banished in November for declining to provide on-the-record testimony regarding allegations that she misappropriated funds from a J.P. Morgan-affiliated bank.