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Former Concorde Investment Services, LLC Financial Advisor Jill Tramontano Barred by FINRA

Posted on Monday, July 17th, 2017 at 7:21 pm    

Erez Law is currently investigating former Concorde Investment Services, LLC financial advisor Jill Tramontano (formerly known as Jill Cody) (CRD# 4333419) regarding misrepresentation, forgery and allowing a suspended broker to engage in securities transactions with his customers while suspended. Tramontano was registered with Concorde Investment Services, LLC in Spring Lake, New Jersey from 2013 to 2016. Previously, she was registered with Westminster Financial Securities, Inc. in Providence, Rhode Island from 2012 to 2013.

In February 2017, FINRA has barred Tramontano from acting as a broker or otherwise associating with firms that sell securities to the public after she consented to the sanction and to the entry of findings that she permitted another individual, who had been suspended by FINRA, to engage in securities business while suspended. It is alleged that Tramontano did not inform the suspended broker’s customers that he was suspended. It is also alleged that she was aware that he continued to engage with and act as a registered representative with his customers while suspended, including making securities recommendations and placing trades.

In October 2016, the U.S. Securities and Exchange Commission opened an investigation to
determine if there have been violations of the federal securities laws.

Tramontano has been the subject of seven customer complaints between 2015 and 2017, according to her CRD report:

March 2017. “Clients are alleging that funds belonging to the client were taken by representative. Time period is unclear but we believe it covers 2013 to present.” The case is currently pending.

January 2017. “Client is alleging that funds belonging to the client were taken by representative. Time period is unclear but we believe it covers 2013 to present.” The case is currently pending.

December 2016. “Jill is listed as a related party on claim. Clients are alleging misappropriation and forgery in relation to investments made from 2002 to 2016.” The case is currently pending.

December 2016. “Client is alleging that funds belonging to the client were taken by representative. Time period is unclear but we believe it covers 2012 to present.” The case is currently pending.

November 2016. “Clients are alleging that funds belonging to the client were taken by representative. Time period is unclear but we believe it covers 2012 to present.”

November 2016. “Clients are alleging that funds belonging to the client were taken by representative. Time period is unclear but we believe it covers 2012 to present.”

September 2015. “Registered Reps [other firm employee] and Jill Cody received inaccurate information from Lincoln Financial. That information was passed unknowingly on to the client. However, the client received corrected information from Lincoln in time to correct any mistake but took no action to remedy the problem. [other firm employee] and Jill did not receive the corrected information until weeks after the client did and as a result did not have the opportunity themselves to fix the issue as the 30 day window had expired. Activities occurred from 2013-2015.” The customer is seeking $160,000 in damages and the case is currently pending.

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, Concorde Investment Services, LLC may be liable for investment or other losses suffered by Tramontano’s customers.

Erez Law represents investors in the United States for claims against former Concorde Investment Services, LLC financial advisor Jill Tramontano regarding misrepresentation, forgery and allowing a suspended broker to engage in securities transactions with his customers while suspended. If you were a client of Concorde Investment Services, LLC or another firm, and 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.