Our firm is investigating J.P. Morgan Securities LLC broker and investment adviser representative Alfredo Banuelos (CRD# 5572634) of Castro Valley, California for potential investment-related misconduct involving alleged unauthorized trading in a managed account.
Financial Advisor’s Career History
Alfredo Banuelos has worked in the securities industry since 2009. According to FINRA BrokerCheck, he is currently registered with J.P. Morgan Securities LLC in Castro Valley, California, where he has been registered as a broker since October 1, 2012 and as an investment adviser representative since August 29, 2013.
Before joining J.P. Morgan Securities LLC, Banuelos was registered with WAMU Investments, Inc. in Livermore, California from April 2009 to May 2009, and Chase Investment Services Corp. in San Ramon, California from May 2009 to October 2012. His current BrokerCheck report also identifies employment with JPMorgan Chase Bank, N.A. as a workforce member in Castro Valley, California.
Alfredo Banuelos Fraud Allegations and Investor Complaints Explained
Pending Customer Dispute Alleging Unauthorized Trading
FINRA BrokerCheck reports one pending customer dispute involving Alfredo Banuelos. The complaint alleges unauthorized trading regarding a managed account investment while Banuelos was associated with J.P. Morgan Securities LLC. The reported activity dates are December 2020 through June 2025.
The alleged damages are $96,914.37. The matter was served on March 6, 2026, and the arbitration remains pending before FINRA under Docket/Case No. 26-00407. The product type is identified as “Other: Managed Account.”
Disclosure Summary
For context, the disclosure reported in Banuelos’s FINRA BrokerCheck report includes:
- Customer Dispute — Pending: Claimant alleges unauthorized trading regarding a managed account investment.
- Firm Involved: J.P. Morgan Securities LLC.
- Activity Dates: December 2020 through June 2025.
- Product Type: Managed Account.
- Alleged Damages: $96,914.37.
- Date Notice/Process Served: March 6, 2026.
- Arbitration Forum: FINRA.
- Docket/Case No.: 26-00407.
- Disposition: Pending.
To obtain a copy of Alfredo Banuelos’s FINRA BrokerCheck report, visit this link.
Robert Wayne Pearce Is Committed to Recovering Your Investment Losses
FINRA Rule 3260 — Discretionary Accounts
FINRA Rule 3260 is directly relevant where a customer alleges unauthorized trading in a managed account. The rule provides that a registered representative may not exercise discretionary power in a customer’s account unless the customer has given prior written authorization to the specific individual and the firm has accepted the account in writing. In Banuelos’s case, the pending arbitration alleges unauthorized trading in a managed account over the period from December 2020 through June 2025, which may require analysis of whether the trading activity was properly authorized, documented, and approved.
FINRA Rule 2010 — Standards of Commercial Honor and Principles of Trade
FINRA Rule 2010 requires members and associated persons to observe high standards of commercial honor and just and equitable principles of trade. In the context of the pending customer dispute against Banuelos, alleged unauthorized trading may implicate Rule 2010 because placing trades without proper customer authorization, if proven, could be viewed as inconsistent with the ethical standards required of securities professionals.
FINRA Rule 3110 — Supervision
FINRA Rule 3110 requires brokerage firms to establish, maintain, and enforce supervisory systems and written procedures reasonably designed to achieve compliance with securities laws and FINRA rules. Because the pending claim involves alleged unauthorized trading in a managed account at J.P. Morgan Securities LLC, supervision may be an important issue, including whether the firm properly reviewed account activity, monitored discretionary trading, and responded to potential red flags.
Losing your savings to a dishonest broker or advisor can be devastating, but you do not have to face it alone. Robert Wayne Pearce and his team have spent over four decades helping investors who were misled or defrauded by Wall Street firms. The Law Offices of Robert Wayne Pearce, P.A. takes cases nationwide on a contingency fee basis. You pay nothing unless we recover your losses. Call (800) 732-2889 or email pearce@rwpearce.com today for a free and confidential consultation.