Public records published by the Financial Industry Regulatory Authority (FINRA) on March 17, 2017 indicate that former California-based JP Morgan broker/adviser William Olsen has been sanctioned by FINRA and is currently not affiliated with any broker-dealer firm. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Olsen (CRD# 5748983).
William Olsen has spent four years in the securities industry and was most recently registered with JP Morgan in Westlake Village, California (2012-2015). Previous registrations include Chase Investment Services in Westlake Village, California and Chase Investment Services in Buena Park, California. He is currently not registered with any state or firm.
According to his BrokerCheck report, William Olsen has received one FINRA sanction and was discharged from his former employer.
In March 2017 FINRA sanctioned William Olsen following allegations he “provided false information to an affiliate of his member firm during the course of an internal investigation concerning his claim that certain charges on his credit card were fraudulent.” According to FINRA’s findings: “Olsen contacted the issuer of one of his credit cards, an affiliate of his firm, and claimed that several recent charges were fraudulent because he had lost his wallet during the timeframe when the charges were incurred. Olsen claimed he had never been at the location where the charges were incurred. After Olsen was informed that the signatures on the credit card receipts at issue matched that of his bank signature card, he claimed that someone must have forged his signature. His firm’s parent company subsequently initiated an internal investigation into the possibility that Olsen’s fraud claims were false. When Olsen was interviewed as part of that investigation, Olsen abandoned his stolen-wallet and forgery claims. Instead, Olsen claimed that someone must have drugged him before the disputed charges were incurred, because he had no memory of the 15-hour period during which the charges were incurred… The firm and its bank affiliate terminated Olsen after concluding that both his initial fraud claim and his subsequent alternative explanations during the internal investigation were false.” He was issued a six-month suspension and a fine of $10,000.
In 2015 William Olsen was terminated from his position at JP Morgan following non-securities-related allegations he filed false claims.
If you or someone you know has complaints regarding William Olsen, call 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: we only receive 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.