Andrew Garret Clients Indicate John Conroy Was Negligent, Breached Fiduciary Duty

Soreide Law Group is reviewing possible investor claims against securities broker John Conroy (CRD#: 3008995, New York, New York). Apparently, Financial Industry Regulatory Authority (“FINRA”) BrokerCheck shows that at least 6 clients raised serious concerns about the securities broker who worked for Andrew Garrett between August 20, 2008 and April 20, 2018. Notably, clients of Andrew Garrett indicate that Conroy was deceptive, negligent and breached his duties to them. It seems that the securities broker caused clients’ losses. Here is a brief summary of the troubling disclosures concerning Conroy:

John Conroy Allegedly Breaches Fiduciary Duty Owed To Andrew Garrett Client

Evidently, on July 29, 2019, an Andrew Garrett client filed FINRA Arbitration #: 19-02038 concerning John Conroy. Apparently, the client contended that Conroy engaged in deceptive and negligent activities which harmed the client. Allegedly, the securities broker also dishonored an investment agreement and breached his fiduciary responsibility. As a result, the client experienced losses on common or preferred stocks. Therefore, the client requested $118,000 in compensation from Andrew Garrett or Conroy. Evidently, this arbitration is pending a resolution.

Andrew Garrett Client Indicates That Conroy Made Unsuitable Trades

Apparently, a client of Andrew Garrett contested John Conroy’s trading by bringing FINRA Arbitration #: 17-00728 on May 1, 2017. Allegedly, Conroy executed or recommended unsuitable trades. Supposedly, these OTC equities trades conflicted with the client’s suitability profile and caused the client to incur losses. As a result, the client asked for $99,734.82 from Andrew Garrett or Conroy in this ongoing matter.

John Conroy Allegedly Engaged In Unauthorized Trading

Evidently, in 2008, a New Castle Financial Services client filed FINRA Arbitration #: 08-02957 concerning John Conroy. Supposedly, Conroy’s trades were neither appropriate nor suitable. Not only that, but the securities broker also bought or sold investments without the client’s permission. Moreover, New Castle Financial Services purportedly failed to supervise Conroy’s transactions. For this reason, New Castle Financial Services settled this client’s dispute by paying the client $50,000.

Benson York Group Investors Accuse John Conroy Of Churning Account

Apparently, a client of Benson York Group contested John Conroy’s actions by filing FINRA Arbitration #: 05-04849 in 2007. Allegedly, Conroy churned the client’s investment account. It seems that the securities broker mainly traded to generate commissions. Moreover, the Statement of Claim contains causes of action including deceptive trade practices, intentional misrepresentation and breach of contract. Evidently, after finding Conroy liable for violating Alabama securities laws, FINRA Arbitrators issued an Award granting the client $320,000.00 in damages.

Did Andrew Garrett Broker John Conroy Sell You Bad Investments?

Lars Soreide Highest Ethical Standard Award 2018

Lars Soreide Highest Ethical Standard Award 2018

Have you experienced losses by investing with John Conroy? If so, reach out to Soreide Law Group at (888) 760-6552 and speak with experienced counsel concerning a possible recovery of your investment losses. Soreide Law Group represents clients on a contingency fee basis and advances all costs. The law firm has recovered millions of dollars for clients who have incurred losses due to misconduct of securities brokers like Conroy and brokerage firms.