John Donnelly In Investor Trading Disputes

Clients File Investment Disputes About Broker John Donnelly

Soreide Law Group provides you with this investor alert in regard to securities broker John Patrick Donnelly (CRD#: 2374887, Houston, Texas). Specifically, the securities broker, who worked for firms Merrill Lynch, JP Morgan and Chase Securities, is involved in six client disputes. Here’s a brief overview of some of the disclosures on Donnelly’s BrokerCheck record which contain allegations of his sales practice violations.

John Donnelly Accused Of Causing Assets In Merrill Lynch Account To Go To The Wrong People

Evidently, a Merrill Lynch client took aim at John Donnelly in a September 2020 lawsuit. Namely, the client indicated that Donnelly – their financial advisor – did not update beneficiaries on the client’s IRA. Supposedly, Donnelly caused unintended beneficiaries to receive all of the assets. However, this client’s claim was not successful.

Clients Of JP Morgan Allege Unsuitability In Dispute About Donnelly

Also, a client of JP Morgan brought a dispute about John Donnelly. In particular, the client alleged that their investment in commercial paper was unsuitable. Basically, suitability has to do with a client’s risk tolerance, financial needs, objectives and other information that affects whether investment transactions are appropriate. Evidently, JP Morgan denied this client’s complaint. In a related matter, a client alleged that Donnelly sold an unsuitable foreign debt investment. It appears that JP Morgan denied this complaint too.

Chase Client Alleges That John Donnelly Made Unauthorized Bond Purchase

A client of Chase Securities of Texas took aim at John Donnelly in a dispute about US government or agency securities. Specifically, the client alleged that they did not authorize a FHLMC bond purchase. For this reason, Chase Securities of Texas opted to settle with the client through making a $46,687 payment to them. Moreover, a second Chase Securities client alleged non-disclosures relating to FHLMC. It appears that Chase paid that client $11,318.32 to settle this matter.

Did You Sustain Damages By Investing Through Donnelly?

Did John Donnelly cause you to suffer investment losses? If so, call Soreide Law Group at (888) 760-6552 and talk with a skilled securities lawyer about a possible recovery of your losses. Soreide Law Group represents clients on a contingency fee basis and advances costs. The firm has recovered millions of dollars for investors who have incurred losses because of financial advisors and securities brokers. Evidently, Donnelly denies all allegations of his sales practice violations.
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