FINRA has barred a former registered rep with JP Morgan Securities for swiping more than $14,000 from eight bank customers.
James M. Katayanagi allegedly created temporary ATM cards issued in the names of the customers, created personal identification numbers for the cards, and then used the cards and PIN numbers to withdraw money from the customers' accounts at ATMs in Astoria, N.Y., and other locations, FINRA said in a filing.
Katayanagi was employed at JP Morgan Chase Bank as a personal banker and registered with JP Morgan Securities in New York, N.Y. His alleged misconduct occurred from January 2012 to November 2012, the regulator said.
According to FINRA, Katayanagi was dismissed from JP Morgan Chase in December of 2012 and arrested and charged with grand larceny in the third degree. In April of 2013, he pled guilty in court to a misdemeanor charge of petit larceny. After fulfilling the conditions of the plea, he re-pled to disorderly conduct, FINRA said.
Katayanagi could not be reached for comment. He did not respond to an email sent to him via BrightScope Advisor Pages, an online directory of financial advisors. In his settlement with FINRA, Katayanagi neither admitted nor denied the allegations but consented to an entry of FINRA's findings.
Mike Fusco, the spokesperson for Chase Private Client, the branch-based banking unit of JP Morgan Chase where Katayanagi worked, declined to comment on the matter.
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