Former J.P. Morgan Securities LLC Broker Kenneth Vercellino Accused of Unsuitable Investment Recommendations

J.P. Morgan Securities LLC

Did you lose money investing with former J.P. Morgan Securities LLC broker Kenneth Vercellino (CRD# 2583864)? He has been registered with Raymond James & Associates, Inc. in San Francisco, California, since 2022. He was registered with J.P. Morgan Securities LLC in San Francisco, California, from 2017 to 2022, and J.P. Morgan Securities LLC in San Francisco, California, from 2010 to 2022. 

Kenneth Vercellino Customer Complaints

He has been the subject of one customer complaint, according to his CRD report:

February 2026. “Customer alleges unsuitable investment recommendation and exercise of discretion in investment accounts. Activity dates April 2021 – March 2023.” The customer is seeking $10,953,568 in damages, and the case is currently pending. The complaint was regarding managed account losses.

Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, J.P. Morgan Securities LLC may be liable for investment or other losses suffered by Kenneth Vercellino’s customers.

Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.

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Author: Jeffrey Erez

The founder of Erez Law, Jeffrey Erez, focuses exclusively on securities arbitration and litigation. Mr. Erez passionately believes in representing aggrieved investors and obtaining justice for his clients through litigation.