FINRA barred former Edward Jones (Sparks, Nevada) broker Javelin Mikol San Nicolas aka Jovi San Nicolas for alleged misconduct related to a potential purchase of two Personal Seat Licenses for the Las Vegas Raiders football team in 2019 ahead of the then-Oakland Raiders' 2020 move to Las Vegas.
According to AWC #2020067455201, Edward Jones fired San Nicolas (CRD #6722186) in July 2020 over concerns a client provided $49,000 in cashier's checks to San Nicolas for the purchase of the Raiders seat licenses, but the money were not used for that purpose. FINRA barred San Nicolas for refusing to cooperate with its investigation into that termination.
Two weeks after Edward Jones discharged San Nicolas, the client's power of attorney filed a complaint alleging that San Nicolas recommended in October 2019 that the client transfer money from a brokerage account at Edward Jones to the client's bank account. According to the complaint, the client gave San Nicolas cashier checks totaling $49,000 to purchase the Raiders personal seat licenses ahead of the NFL team's move to Las Vegas. By the summer of 2020, San Nicolas purportedly failed to purchase the seat licenses. Subsequently, the dispute was settled for $51,685.
If you have invested with Javelin Mikol San Nicolas or with any broker or financial adviser who recommended you issue them cashier's checks or otherwise transfer your assets for a personal purpose, such as sports tickets or season seats, that the rep subsequently failed to purchase, thus resulting in losses, please call an experienced FINRA arbitration attorney at The Law Offices of Jonathan W. Evans & Associates at (800) 699-1881 for an investigation and consultation.