Did you lose money investing with Jordan John (CRD# 6924720)?
Galvin Legal, PLLC is launching an investigation on behalf of investors who may have suffered losses investing with Jordan John. If you suffered losses investing with Jordan John, then Galvin Legal, PLLC may be able to help you recover your losses in a Financial Industry Regulatory Authority (“FINRA“) arbitration claim.
If you suffered losses and would like a free consultation with a securities attorney, then please call Galvin Legal, PLLC at 1-800-405-5117.
As of April 13, 2023, Jordan John’s FINRA BrokerCheck Report contains the following:
BARRED: FINRA has barred this individual from acting as a broker or otherwise associating with a broker-dealer firm.
Disclosure Events
2 Regulatory Events
January 17, 2023 – An Office of Hearing Officers (OHO) decision became final in which John was barred from association with any FINRA member in all capacities. The sanction was based on findings that John failed to produce information and documents requested by FINRA during the course of its investigation into the circumstances of his termination from association by his member firm, including whether he traded on unsecured funds. The findings stated that the firm disclosed in a Uniform Termination Notice for Securities Industry Registration (Form U5) that it had terminated its association with John for behavior that was inconsistent with the firm’s Code of Business Conduct and Ethics related to activity in his brokerage account held at the firm. The firm also disclosed in the Form U5 that an internal review of John’s trading activity on unsecured funds preceded its termination of his association with the firm. FINRA needed the information it requested from John to perform its regulatory function and fully investigate potential misconduct and his failure to respond to regulatory requests deprived FINRA of information and documents and frustrated its ability to fulfill its regulatory responsibility to investigate the circumstances of his termination from the firm and whether he improperly traded on unsecured funds. (FINRA Case #2021071672302)
Current and Previous Registrations
11/12/2020 – 06/15/2021 TD AMERITRADE, INC. (CRD#:7870) OMAHA, NE
04/15/2019 – 11/10/2020 WELLS FARGO CLEARING SERVICES, LLC (CRD#:19616) VIRGINIA BEACH, VA
12/11/2018 – 01/29/2019 WELLS FARGO CLEARING SERVICES, LLC (CRD#:19616) VIRGINIA BEACH, VA
04/18/2018 – 09/11/2018 E*TRADE SECURITIES LLC (CRD#:29106) SANDY, UT
If you suffered losses and would like a free consultation with a securities attorney, then please call Galvin Legal, PLLC at 1-800-405-5117.
Due Diligence Requirement
FINRA requires broker’s to conduct due diligence on investments and to conduct a suitability analysis when recommending securities to a customer that takes into account the customer’s knowledge and experience. FINRA Rule 2111(a) states that “a member or an associated person must have a reasonable basis to believe that a recommended transaction or investment strategy involving a security or securities is suitable for the customer, based on the information obtained through the reasonable diligence of the member or associated person to ascertain the customer’s investment profile. A customer’s investment profile includes, but is not limited to, the customer’s age, other investments, financial situation and needs, tax status, investment objectives, investment experience, investment time horizon, liquidity needs, risk tolerance, and any other information the customer may disclose to the member or associated person in connection with such recommendation.”
Rule 2111 is composed of three main obligations: reasonable-basis suitability, customer-specific suitability, and quantitative suitability. Brokers and the brokerage firms they work for that fail to conduct adequate due diligence on investments they recommend or that make unsuitable recommendations can be held responsible for the customer’s losses in a FINRA arbitration claim.
If you suffered losses and would like a free consultation with a securities attorney, then please call Galvin Legal, PLLC at 1-800-405-5117.
Request a Free Consultation with a Securities Attorney
If you suffered losses investing with Jordan John and would like a free consultation with a securities attorney, then please call Galvin Legal, PLLC at 1-800-405-5117.
This information is all publicly available and is being provided to you by Galvin Legal, PLLC.
Galvin Legal, PLLC is a national securities arbitration, securities mediation, securities litigation, securities fraud, securities regulation and compliance, and investor protection law practice. For more information on Galvin Legal, PLLC and its representation of investors, please visit www.galvinlegal.com or call 1-800-405-5117.
