Investors reportedly complained about securities broker John Robert Openshaw [CRD: 2306112, Green Bay, Wisconsin], according to publicly available information found on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Openshaw worked for KCD Financial Inc. from April 11, 2018 to November 16, 2020. Read below to know more about Openshaw’s disclosures and how they may impact affected investors.
Notably, on July 11, 2024, a KCD Financial Inc. client filed FINRA Arbitration No. 24-01506 about John Openshaw. Mainly, the client alleged that Openshaw made unsuitable recommendations. Because of this, the client allegedly sustained damages connected to real estate securities (REITs). So, the client requested $300,000.00 in compensation from KCD Financial Inc. or Openshaw. It appears that this arbitration is awaiting a resolution.
Evidently, a client of First Wall Street Corp. contested John Openshaw’s sales practices, according to a complaint. Allegedly, Openshaw made sales practice violations concerning restricted stocks. Consequently, First Wall Street Corp. opted to settle the matter on November 15, 2004, by compensating the client in the amount of $75,000.00.
Additionally, a First Wall Street Corp. client filed FINRA Arbitration No. 03-02903 about John Openshaw. Supposedly, Openshaw was negligent, made misrepresentations, breached his fiduciary duty, and breached a contract. As a result, the client allegedly incurred damages linked to stocks. Therefore, on November 10, 2004, First Wall Street Corp. settled this matter by paying the client $100,000.00 in damages.
Also, a client of First Wall Street Corporation disputed John Openshaw’s sales practices in FINRA Arbitration No. 03-03097. Allegedly, Openshaw breached his fiduciary duty, was negligent, breached a contract, and made unsuitable recommendations regarding stocks. Consequently, First Wall Street Corporation opted to settle the matter on September 10, 2004, by paying the investor $200,000.00.
Did you suffer losses because of John Openshaw? You should reach out to Soreide Law Group at (888) 760-6552 or online. Speak with a securities lawyer concerning a potential recovery. For years, Soreide Law Group has helped to recoup losses for investors located within the US. Also, the firm handles cases on a contingency fee basis and advances the costs. Openshaw and brokerage firms Openshaw worked for deny accusations of sales practice violations.
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