Investigation Of Securities Broker John Egan

Soreide Law Group is currently investigating potential claims on behalf of investors who may have sustained financial losses through dealings with John Kevin Egan (CRD: 2221733, Glendora, California). Egan was formerly a registered financial advisor and broker, notably affiliated with Western International Securities, Inc. from July 22, 1996, to March 31, 2021. Evidently, there are multiple pending and settled Financial Industry Regulatory Authority (FINRA) disputes concerning Egan, particularly involving allegations of misrepresentation, unsuitable recommendations, and breach of fiduciary duty.

Western International Securities Investor Accused Egan Of Misrepresenting Product Features

Specifically, on August 24, 2023, a Western International Securities client initiated FINRA Arbitration: 23-02332 concerning John Egan. Supposedly, Egan misrepresented the features of a corporate debt product sold in 2020. Because of this, the client supposedly suffered damages between $50,000 and $100,000. Consequently, the client is seeking compensation in this ongoing matter from either Western International Securities or Egan.

John Egan Disclosed Breach Of Fiduciary Duty Allegations By Western International Securities Client

Also, a client of Western International Securities took issue with John Egan’s sales practices by filing FINRA Arbitration: 23-02051 on July 24, 2023. Allegedly, Egan provided unsuitable recommendations and breached fiduciary duty, leading to the client incurring damages of approximately $127,500 on corporate debt products. Therefore, the client seeks financial relief from either the firm or Egan, and the arbitration is currently pending.

Western International Securities Investor Accused Egan Of Negligence And Misrepresentation

On February 6, 2023, a client from Western International Securities filed FINRA Arbitration: 23-00298, about John Egan. The client accused Egan of negligence and misrepresentation related to corporate debt products. Evidently, the client claims to have incurred damages of more than $5,000. Therefore, the client has requested this amount in compensation from either Western International Securities or Egan, and this arbitration is notably still pending.

Western International Securities Investor Accused John Egan Of Unsuitability

On May 12, 2023, a settlement was reached in FINRA Arbitration: 22-01709, filed by a Western International Securities client about John Egan. The client had initially alleged unsuitable recommendations related to corporate debt products. Consequently, Western International Securities opted to settle the matter by paying the client $13,166.28 in damages.

Egan Disclosed Unsuitability Allegations By Western International Securities Client

On July 5, 2023, Western International Securities settled a dispute filed by a client in FINRA Arbitration: 22-01355. Specifically, the client had accused John Egan of unsuitability in relation to corporate debt products and had initially sought damages of $379,250. Western International Securities opted to resolve the matter by compensating the client with a payment of $50,678.

Contact Soreide Law Group For Potential Recovery

Did you experience losses because of John Egan? If so, reach out to Soreide Law Group online or at (888) 760-6552 and talk with a securities attorney concerning a potential recovery. Soreide Law Group has recovered money for investors throughout the United States, works on a contingency fee basis, and advances all costs. Egan and the brokerage firms he worked for deny accusations of sales practice violations. Still, if you're among those who have had dealings with John Egan, particularly during his tenure at Western International Securities, and have faced financial setbacks, you are encouraged to take action.