Investor Alert! The Financial Industry Regulatory Authority (“FINRA”) indicates through BrokerCheck that investors filed disputes about John Troy Howard (CRD#: 2264121, Birmingham, Alabama). The securities broker, who joined Raymond James & Associates, Inc. on February 13, 2013, allegedly breached a fiduciary duty to his clients and deceptively initiated transactions which generated losses. Here’s more:
Evidently, a client of Raymond James brought FINRA Arbitration Action #: 19-02833 on September 19, 2019. First of all, the client indicated that John Howard violated his fiduciary responsibility, placing his interests before the client’s interests when it came to REIT transactions. Secondly, the client alleged that Raymond James or Howard was negligent and in breach of contract. Most importantly, the client alleged violations of federal securities laws and Alabama Securities Act. For this reason, the client asked for $160,000 in compensation from Raymond James or Howard. This matter awaits a resolution.
It appears that John Howard worked for Morgan Keegan prior to joining Raymond James. Evidently, FINRA Arbitrators found him and Morgan Keegan liable for bad Mainsail II LLC commercial paper transactions. Supposedly, the issuer defaulted on this commercial paper causing the client to experience losses. The Statement of Claim also alleged breach of contract, breach of fiduciary duty, negligence, and violations of Florida Securities and Investor Protection Act and Alabama Securities Act. Because of this, the Panel ordered Morgan Keegan and Howard to pay this client more than $1.1M in compensatory damages.
Have you experienced losses by investing with securities broker John Howard? If you have, contact Soreide Law Group at (888) 760-6552 and speak with experienced counsel concerning a potential recovery of your investment losses. Soreide Law Group provides representation to clients on a contingency fee basis and advances costs. The law firm has recovered millions of dollars for clients who have experienced losses due to misconduct of securities firms and brokers like Howard.
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