Trevor Rahn, Formerly of J.P. Morgan, Facing Allegations of Excessive Trading

Trevor Rahn is facing multiple customer complaints concerning allegations of high frequency trading activity.

The Sonn Law Group is investigating allegations that Trevor Rahn was excessively trading in clients’ accounts. Under FINRA Rules, brokerage firms are liable for their brokers’ misconduct or negligence and investors may be able to their investment through FINRA arbitration. Contact Sonn Law Group today or call us at 866–827–3202 for a free consultation.

Trevor Rahn (CRD#:2196155) has been the subject of four customer disputes reaching back to October 2016. The allegations against him are listed as follows:

• June 2019 — Customer alleged that the trading activity increased dramatically and resulted in losses and significant tax obligations. Customer also alleged that financial advisor (Rahn) engaged in a pattern of unauthorized trading and margin use in customer’s account in order to generate commissions, and resulting in losses to the customer.” The claimant is seeking $854,410 in damages.
• November 2018 — Customer alleged that the number of transactions in the account were unauthorized. This dispute was settled for $114,000.
• November 2017 — Customer alleged that the number of transactions was unauthorized. This dispute was settled for $64,590.
• October 2016 — “In October 2015, the administrators of a client’s estate requested the transfer and liquidation of positions that were then transferred and sold. Later, the administrators of the estate alleged that they were not made aware of the fees for liquidating the estate account and that the fees were excessive.” This dispute was settled for $57,847.

Rahn was terminated from JP Morgan in September 2018 following allegations of “unacceptable practices relating to the timing and size of orders entered and resulting transaction charges in a client account and relating to the marking of certain orders for the account as unsolicited.”

Jeffrey R. Sonn is an experienced investor losses attorney. If you suffered losses because a financial professional committed acts in violation of FINRA Rules, Mr. Sonn will protect your rights and interests. Please do not hesitate to contact the Sonn Law Group today for a free review of your claim.