Cetera Investors File Disputes About Broker John Massa

Investors are alleging investment losses because of Cetera Investment Services securities broker John Massa [CRD#: 2120585, Staten Island, New York]. Supposedly, the securities broker, who joined Cetera on September 8, 2010, shows 5 investor disputes on Financial Industry Regulatory Authority (“FINRA”) BrokerCheck. Notably, Cetera clients indicate that Massa violated federal securities laws and failed to comply with his fiduciary responsibility. Allegedly, the securities broker acted negligently through his recommendations or transactions as well. For more details in reference to the allegations against Massa, see below.

John Massa Allegedly Breaches Fiduciary Duty To Cetera Client

Supposedly, a client of Cetera contested John Massa’s actions through filing FINRA Arbitration #: 19-02207 on August 9, 2019. Allegedly, Massa failed to conduct securities transactions in compliance with federal securities laws. Notably, the client indicated that the securities broker breached his fiduciary responsibility, failing to place the client’s interests ahead of his own. Not only that, but the securities broker allegedly dishonored an investment agreement. Supposedly, the securities broker also imprudently and unreasonably recommended or sold real estate securities which caused the client to experience losses. Consequently, Cetera figured to settle the client’s allegations on November 25, 2019 through compensating the client the sum of $20,000.

Cetera Client Suggests That Massa Sold Unsuitable Real Estate Securities

Evidently, on November 19, 2019, a Cetera client brought an investment dispute concerning John Massa. Notably, the client asserted that Massa sold illiquid real estate securities. For this reason, the client was unable to withdrawal necessary funds. It is possible that Massa’s transactions were unsuitable because he failed to consider liquidity among other issues relating to the client’s investment profile. As a result, the client asked for $5,000 in compensation from Cetera or Massa. Evidently, this complaint is pending a resolution.

John Massa Allegedly Recommends Bad Investments To Cetera Client

Supposedly, a client of Cetera contested John Massa’s actions through filing a complaint dated September 6, 2019. Allegedly, Massa stole from the client. It seems that the securities broker actually closed out the client’s accounts without permission. Consequently, the client made a claim for compensatory damages from Cetera or Massa in the amount of $75,000. However, the securities firm denied the client’s complaint.

Cetera Clients Indicate That Massa Made Omissions

Supposedly, on May 1, 2018, a Cetera client filed Civil Suit#: MID-L-1812-18 concerning John Massa. Apparently, the client contended that Massa falsified the details concerning the risks or the terms of investments which the securities broker sold. As a result, the client experienced losses on real estate securities. Consequently, on October 17, 2018, Cetera settled this client’s dispute by way of paying the client $7,610.96.

Essex National Securities Disaffiliates With Massa For Concealing Risks

Previously, John Massa maintained an association with Essex National Securities. Evidently, Essex National Securities ended the employment relationship with Massa, citing client disputes alleging that the securities broker engaged in bad securities business practices. It appears that the securities broker potentially concealed important information concerning investments. Supposedly, he caused Essex clients to experience losses on municipal bonds.

Did Cetera’s John Massa 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 Massa? 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 Massa and brokerage firms.