Investors might have sustained losses due to securities broker Jack Edward Newhouse [CRD: 2108923, Muskegon, Michigan], based on the disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Evidently, Jack Newhouse was previously registered with Merrill Lynch Pierce Fenner Smith Incorporated from March 27, 2009, to June 9, 2022. Continue reading to learn more about Newhouse’s professional conduct and client disputes.
Specifically, on December 27, 2022, a Merrill Lynch client filed a complaint about Jack Newhouse. Supposedly, Newhouse made unsuitable investment recommendations and misrepresentations. Because of this, the client allegedly sustained damages on variable annuities. However, this complaint closed without any client resolution.
Particularly, a client of Merrill Lynch contested Jack Newhouse’s sales practices, according to a complaint. Allegedly, Newhouse gave unsuitable advice and made misrepresentations related to variable annuities. It appears that Newhouse allegedly caused the client to incur damages. Consequently, Merrill Lynch opted to settle the matter on November 22, 2023, by compensating the client in the amount of $37,187.50.
Particularly, a client of Merrill Lynch contested Newhouse’s sales practices, according to a complaint. Allegedly, Newhouse misrepresented information and made unsuitable recommendations. It appears that Newhouse allegedly caused the client to sustain damages on variable annuities. Because of this, Merrill Lynch opted to settle the matter on December 6, 2023.
In addition, a client filed a complaint about Jack Newhouse. Evidently, the client alleged that Newhouse engaged in unsuitable and unauthorized trading. Therefore, on March 1, 2010, UBS Financial Services settled this matter by paying the client $10,000 in damages.
Particularly, a client of Merrill Lynch contested Newhouse’s sales practices, according to a complaint. Allegedly, Newhouse failed to follow instructions from August 2017 through November 2017. It appears that Newhouse allegedly caused the client to sustain damages on index options. Consequently, Merrill Lynch opted to settle the matter on May 15, 2018, by compensating the client in the amount of $35,000.
Experienced losses due to Jack Newhouse? If so, reach out to Soreide Law Group online or at (888) 760-6552 and talk with a securities attorney concerning a potential recovery of your investment losses. Soreide Law Group has recovered losses for investors across the country, works on a contingency fee basis, and advances all costs. Newhouse and brokerage firms he worked for deny any allegations of sales practice violations.
LINCOLN LUCAS MASON (LINCOLN L MASON) formerly of Edward Jones of Arnolds Park, Iowa, from 03/29/2019 - 12/23/2021, was suspended for 90 days and fined $5,000.00 by FINRA. Mason was previously registered both as an investment advisor and as a broker. According to the FINRA report, without admitting or denying FINRA’s findings, LINCOLN L MASON […]
Investors have reportedly disputed the sales practices of securities broker John Howard Saunders [CRD: 870131, Vero Beach, Florida], based on disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Evidently, Saunders has been registered with UBS Financial Services Inc. since May 11, 2007, operating from both Vero Beach, Florida, and Roanoke, Virginia. Read on to discover […]
Investors potentially experienced sales practice violations due to securities broker Edward Muster [CRD: 1012341, Boca Raton, Florida], based on public information on FINRA BrokerCheck. Evidently, Edward Muster worked for Herbert J. Sims Co. Inc. from May 14, 1998, to July 7, 2020. Keep reading to find out more about Edward Muster’s disclosures. Herbert J. Sims […]
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