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Broker Louis Deeley: Barred by FINRA

Louis PoppFormer California-based JP Morgan broker Louis Deeley has been permanently barred from acting as a broker or otherwise associating with firms that sell securities to the public. The securities and investment fraud law firm Fitapelli Kurta is investigating allegations of misconduct against Mr. Deeley, also known as Louis Popp (CRD# 5830647).

Louis Deeley has spent four years in the securities industry and was most recently registered with JP Morgan Securities in Santa Rosa, California (2012-2014). Previous registrations include Chase Investment Services in Santa Rosa, California (2010-2012). He is currently not registered with any state or firm.

According to his BrokerCheck report, Louis Deeley has been permanently barred from the securities industry and was discharged from his position at JP Morgan.

In March 2015 FINRA permanently barred Louis Deeley following allegations he converted $24,014 in customer funds for his own personal use. According to FINRA’s complaint, “on separate occasions, Deeley submitted completed withdrawal slips to a teller of the firm’s bank containing a signature which appeared to be that of the customer” and “provided the teller with instructions to allocate part of the withdrawal amount that was indicated on the slip to a cashier’s check, with the remainder rendered to Deeley in cash.” Then, Mr. Deeley allegedly “deposited the cashier’s checks in customer’s brokerage account but retained the cash.” Mr. Deeley was permanently barred from the securities industry.

In 2014 Louis Deeley was discharged from his position at JP Morgan following “overall loss of confidence due to multiple complaints in a short time-frame.”

If you or someone you know has complaints regarding Louis Deeley, call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. You may be entitled to recover lost funds. All cases are taken on a contingency basis: Fitapelli Kurta only receives payment if and when you collect money. Time to file your claim may be limited, so we suggest you avoid delay. Call 877-238-4175 now to speak to an attorney for free.

All information and facts in this article are based on publicly available records provided by the Financial Industry Regulatory Authority (FINRA) on March 7, 2016.