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Broker Trevor Rahn Settles $500K Excess Trading Dispute

Trevor Bradner Rahn (CRD: #2196155) is a former registered broker and investment advisor whose last employer was J.P. Morgan Securities LLC (CRD#:79) of Los Angeles, CA. His previous employers include Deutsche Bank Securities Inc. (CRD#:2525), also of Los Angeles, Morgan Stanley & Co., Incorporated (CRD#:8209) and Morgan Stanley DW INC. (CRD#:7556), both of Beverly Hills, CA. No current employment information is available. He has been in the industry since 1992.Trevor Bradner Rahn (CRD: #2196155) is a former registered broker and investment advisor whose last employer was J.P. Morgan Securities LLC (CRD#:79) of Los Angeles, CA. His previous employers include Deutsche Bank Securities Inc. (CRD#:2525), also of Los Angeles, Morgan Stanley & Co., Incorporated (CRD#:8209) and Morgan Stanley DW INC. (CRD#:7556), both of Beverly Hills, CA. No current employment information is available. He has been in the industry since 1992.

One of Rahn’s clients filed a customer dispute on 6/12/2019 alleging that Rahn engaged in excessive, unauthorized trading and margin use in the customer’s account to generate commissions at the customer’s loss from 1/2014 through 11/2015. The customer also incurred significant tax obligations as a result. Requested damages totaled $854,410, and the claim was settled for $549,184.00.

A different client previously filed a similar claim on 11/5/2018. Although the claim was first settled, additional allegations in the same account were detailed in subsequent correspondence. The activity took place from 03/2014 through 09/2017. Requested damages totaled $1,137,915, and the claim was settled for $114,000.

Rahn’s next customer dispute was filed on 11/13/2017 for “unauthorized transactions” from 8/2017 through 9/2017. The client requested damages of $5,000, and the claim was settled for $64,590.

JP Morgan Securities discharged Rahn on 9/17/2018 for “unacceptable practices by the representative 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.”

A customer dispute filed against Rahn on 10/11/2016 alleged that administrators for a late client’s estate were not notified of the fees involved with liquidating the estate, and that the fees were “excessive.” The administrators requested damages of $5,000, and the claim was settled for $57,847.00.

Rahn’s disclosures also list a civil judgment against him for $763,424.76 on 7/17/2014. No additional information is available.

Did You Invest Money With Trevor Rahn?

J.P. Morgan is one of the country’s largest banks. Pursuant to its customer agreement, any dispute with the bank must be submitted to arbitration. However, with experienced counsel, the securities arbitration process can be faster and less expensive than a lawsuit.

Financial advisors with financial problems can take advantage of senior investors or engage in activities to bolster their own renumeration or commissions. In some cases, a stockbroker can violate his customer fiduciary duties and not act in the client’s best interest. Our team of lawyers and forensic accountants can help unravel complex financial transactions.

Silver Law Group represents investors in securities and investment fraud cases. Our lawyers are admitted to practice in New York and Florida and represent investors nationwide to help recover investment losses due to stockbroker misconduct. If you have any questions about how your account has been handled, call to speak with an experienced securities attorney. Most cases are handled on a contingent fee basis, meaning that you won’t owe us until we recover your money for you. Contact us today and let us know how we can help.

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