Cetera Investment Services Client Alleges Sales Practice Violation By Broker John Broughton
The Financial Industry Regulatory Authority (FINRA) reports important information about securities broker John Charles Broughton (CRD#: 2362478, Gross Pointe Woods, Michigan). Specifically, four investors filed disputes about Broughton. One of those investors filed a claim in July 2020 concerning Broughton’s actions at Cetera Investment Services LLC. Evidently, Broughton worked as a Cetera Investment Services securities broker from December 2016 to April 2020. Here’s more about the investor disputes.
Cetera Investment Services Client Alleges Misrepresentation By John Broughton
Notably, a client of Cetera Investment Services LLC disputed John Broughton’s activities. In this July 2020 complaint, the client contends that Broughton misrepresented how much interest the client was due on the annuity. Not only that, but the Cetera Investment Services securities broker allegedly misrepresented fees charged on the annuity. For this reason, the client sought relief. However, Cetera Investment Services denied this complaint in August 2020.
NatCity Investor Disputes Concerning Broughton
It appears that the other disputes on John Broughton’s BrokerCheck record concern his activities at a former securities firm employer, NatCity Investments. In one of those disputes, a client alleges the securities broker’s misrepresentation regarding stocks. Evidently, the firm negotiated a settlement with the client. BrokerCheck shows that in a different dispute that settled for compensation to a client, Broughton allegedly provided improper investment advice. Supposedly, the client experienced damages on a variable annuity transaction.
John Broughton also worked for securities firms Citizens Securities (April 2020 to January 2021) and LPL Financial LLC (April 2011 to January 2017).
Losses Through John Broughton?
Did you suffer losses because of securities broker John Broughton? If so, call Soreide Law Group at (888) 760-6552 and speak with a helpful securities lawyer about a potential recovery of your losses. Soreide Law Group represents clients on a contingency fee basis and advances all costs. The firm has recovered substantial compensation for hundreds of United States investors who have incurred losses from their financial advisors and securities brokers. Please note that Broughton denies all allegations of his sales practice violations.
