FINRA Sanctions John Molskness

Soreide Law Group is investigating possible investor claims against John M. Molskness (also known as John Mark Molskness) (CRD: 2366782, Carmel, Indiana). Notably, FINRA sanctioned the securities broker, who worked for Valic Financial Advisors Inc. Allegedly, Molskness failed to respond to FINRA’s request for information. Here is a brief summary of FINRA’s allegations against Molskness.

FINRA Bars Molskness For Failure To Respond To FINRA

Also, FINRA issued Letter No. 2021070932001 sanctioning John Molskness for infractions. Notably, FINRA alleged that Molskness failed to respond to FINRA’s request for information.

The regulator sent him a letter and permanently banned him on September 6, 2022. Based on FINRA Rule 9552(h) and also on two letters they sent to Molskness on June 1, 2022, and June 27, 2022, FINRA has decided to permanently ban Molskness from working with any FINRA member in any way from September 6, 2022. He didn't ask to end his suspension within three months after they sent him a Suspension Notice.

Valic Financial Advisors Inc. Investor Accused John Molskness Of Unauthorized Trading

Also, a Valic Financial Advisors Inc. client filed a complaint about John Molskness. Namely, the client alleged that Molskness engaged in unauthorized trading and failed to follow instructions. Because of this, the client allegedly sustained damages on variable annuities. Therefore, on September 27, 2021, Valic Financial Advisors Inc. settled this matter by paying the client $41,035.25 in damages.

Molskness Discharged For Policy Violation

Also, on March 10, 2021, Valic Financial Advisors Inc. disaffiliated with Molskness. Evidently, Valic Financial Advisors Inc. alleged that Molskness violated company policy relating to client check handling.

Employment Information

Molskness worked for Valic Financial Advisors Inc. as a securities broker from November 2011 to April 2021.

Damages Resulting From Valic Financial Advisors Inc. Securities Broker John Molskness?

Have you experienced damages by investing with John Molskness? If so, get in touch with Soreide Law Group at (888) 760-6552 and talk with a securities lawyer concerning a potential recovery of your investment losses. Soreide Law Group, who has helped recover money for hundreds of investors in all 50 states, represents clients on a contingency fee basis and advances costs. Molskness and brokerage firms Molskness worked for deny any and all allegations of sales practice violations.