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John Beggans: $40 Million Complaint Against JP Morgan Advisor

Boston financial advisor John Beggans (CRD# 2736874) recently received an investor complaint alleging eight-figure damages. Financial Industry Regulatory Authority records show that he is a broker and an investment advisor registered with JP Morgan Securities.

Mr. Beggans’ BrokerCheck report discloses one investor complaint. Filed in October 2023, it alleges that he failed in his supervisory responsibilities in connection with a managed product starting in October 2015. The pending complaint alleges damages of $40 million.

In a statement included with the complaint’s  disclosure, Mr. Beggans pushed back against the allegations. “I deny any and all claims of wrongdoing regarding my conduct as set forth in the Statement of Claim,” he wrote, “and specifically reject any claims I failed to supervise any employees.”

JP Morgan’s website includes a profile of Mr. Beggans. “John Beggans is a Managing Director and Head of Investments at J.P. Morgan Private Bank in Boston,” the profile states. “He is responsible for managing investments for ultra-high-net-worth families, endowments and foundations.” It adds that he was previously Head of Institutional Equity Sales at the J.P. Morgan Investment Bank, working with clients including Visa, General Motors, and LinkedIn.

According to the Financial Industry Regulatory Authority, John Beggans holds 27 years of escurities industry experience. Based in Boston, Massachusetts, he has been a broker and an investment advisor with JP Morgan Securities since 2001 and 2023, respectively. His past registrations include ABN AMRO Securities (New York, New York; 2001), ABN AMRO Incorporated (Stamford, Connecticut; 1998-2001), and Tucker Anthony (Boston, Massachusetts; 1996-1998). His credentials include the passage of six securities industry qualifying exams: the General Securities Principal Examination, or Series 24; the General Securities Sales Supervisor – Options Module Examination, or Series 9; the General Securities Sales Supervisor – General Module Examination, or Series 10; the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; and the Uniform Securities Agent State Law Examination, or Series 63. He holds 54 state licenses. (Information current as of December 27, 2023.)

Carlson Law represents investors throughout the United States in claims against financial advisors and investment firms. If you or a loved one have suffered investment losses, please call us at 888-976-6111 or complete our contact form for a free and confidential consultation.

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