Last Updated: February 2024 (Dallas, TX)
Evan Troop Investigation Summary
Here’s what you need to know about Dallas, TX, stockbroker Evan Troop:
- Name: Mr. Evan Paul Troop
- Current Employer: J.P. Morgan Securities
- Function: Stock Broker/ Financial Advisor/Registered Investment Advisor
- Aliases: Evan Troop
- Primary Location: Dallas, TX
- CRD 4662702
- Can Evan Troop be sued in FINRA arbitration: Yes
- Sanctioned by FINRA: No
- Pending Customer Dispute Seeks Damages of $41.7 Million
Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Evan Troop As Your Stockbroker?
In 2/2024 a customer of J.P. Morgan alleged that Evan Troop made unsuitable recommendations to invest in options between 3/2023-12/2023. Damages of over $41 Million are sought in this currently pending matter.
Firms Have a Duty to Supervise their Financial Advisors (FINRA Rules 3110 & 2090)
Brokers and their firms have a duty to comply with the FINRA suitability rule which requires that they have a reasonable basis to believe that a recommendation is suitable for the customer.
Allegations of Broker Misconduct Against Evan Troop
Customers of Evan Troop have alleged the following wrongdoing in connection with the handling of customer accounts:
- Unsuitable Investment Recommendation to invest in options
What is Option Trading? According to the U.S. Securities and Exchange Commission (SEC) “Options are contracts giving the purchaser the right to buy or sell a security, such as stocks, at a fixed price within a specific period of time.”
This right to purchase or right to sell at a set price for a set period of time allows investors to potentially profit not only from the rise in price, but also the decline. “Call” options grant the investor the right to buy a security at a set price for a set period of time. “Put” options give the investor the right to sell a security a set price for a set period of time.
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
Recover Your Investment Losses Now With Rex Securities Law
If you have suffered investment losses in an account handled by Evan Troop, contact us for a complimentary consultation with an experienced securities lawyer to learn how you may be able to recover damages through FINRA arbitration.
With offices in Boca Raton, FL and Austin, TX, stockbroker fraud attorney Bob Rex provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers, financial advisors and broker dealers.
If you have questions about how your account has been handled, call (877) 224-3199 to speak with an experienced securities attorney at no cost to you.
Most cases are handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
