- January 30, 2021
- Edward Jones
Javelin Mikol San Nicolas, also known as Jovi Mikol San Nicolas (CRD#: 6722186), worked as a financial advisor for Edward Jones from December 2016 until July 2020. He entered the securities industry in 2016.
According to publicly available records released by the Financial Industry Regulatory Authority (FINRA), on January 19, 2021, FINRA sanctioned Jovi Mikol San Nicolas, barring him from associating with any brokerage firm. FINRA specifically held: “Without admitting or denying the findings, San Nicolas consented to the sanction and to the entry of findings that he refused to provide information and documents that were requested by FINRA in connection with an investigation into the circumstances giving rise to his termination from his former member firm.” He was indefinitely barred from association with any member firm in any capacity as of January 19, 2021.
For a copy of Javelin Mikol San Nicolas’s FINRA disciplinary action details, click here.
In addition, there is one settled complaint and a separation reflected on his CRD:
• July 2020 – “The POA for the client made various allegations related to the financial advisor’s recommendation in October 2019 that the client transfer money from the client’s EDJ account to the client’s bank account where the client then gave the financial advisor cashier checks totaling $49,000.00 to purchase Personal Seat Licenses for the new Las Vegas Raider’s National Football League team.” It was settled for $51,685.
• July 2020 – Merrill Lynch terminated Javelin Mikol San Nicolas over “Concerns that a client issued cashiers’ checks to the registered representative with proceeds from withdrawal from firm account. The registered representative stated that the checks were for the option of purchasing two Personal Seat Licenses (“PSLs”) for the Las Vegas Raiders football team, to be transferred to the client’s name later in 2020. At the time of termination the client had not received the purported PSLs.”
For a copy of Javelin Mikol San Nicolas’s CRD, click here.
Financial advisors have a legal and regulatory obligation to recommend only suitable investments that are appropriate for their clients’ investment needs and objectives. In addition, their associated brokerage firm has a legal and regulatory obligation to supervise the financial advisors’ sales practices and dealings with clients. To the extent any of these duties are breached, the customer may be entitled to a recovery of his or her investment losses.
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