SEC Bars John Park

Soreide Law Group is investigating possible investor claims against John Park (also known as John Clifford Park) (CRD: 5864589, Sioux Falls, SD). Notably, SEC sanctioned the securities broker, who worked for FBL Marketing Services LLC. Allegedly, Park committed forgery. Here is a brief summary of SEC’s allegations against Park. However, please note that Park denies the allegations against him.

SEC Sanctions John Park For Forgery

Evidently, on July 16, 2021, SEC issued Case: 3-20399, sanctioning John Park for infractions. Specifically, Park was barred as a securities broker, which means he is not permitted by SEC to work as a securities broker, investment adviser, or in other capacities. Particularly, SEC notes a South Dakota Division of Insurance Order containing allegations that Park signed clients’ names on insurance forms, violating South Dakota law. The regulator also contended that he submitted insurance policies without the clients’ consent.

FINRA Sanctions Park For Failure To Provide Information

Also, FINRA issued Case: 2019064202601 on February 25, 2020, sanctioning John Park for infractions. Allegedly, Park failed to provide information and documents to FINRA when it investigated possible FINRA rule violations. The regulator investigated the basis of his termination from FBL Marketing Services LLC (see below). Therefore, Park was barred as a securities broker, which means he is not permitted by FINRA to work with any FINRA-member firms as a securities broker or in other capacities.

FBL Marketing Services LLC Disaffiliates With John Park For Forgery

Park worked for FBL Marketing Services LLC in Sioux Falls, SD, as a securities broker from May 2011 to October 2019. Notably, FBL Marketing Services LLC disaffiliated with Park on September 20, 2019. According to the firm, Park created fake insurance policies and forged signatures on those policies. Notably, the firm contends that Park admitted to forging client signatures on insurance documents.

Did FBL Marketing Services LLC Securities Broker Park Cause You To Experience Damages?

Did you sustain damages through investing with John Park? You should contact Soreide Law Group at (888) 760-6552 and talk with a securities lawyer about potentially recovering your investment losses. Soreide Law Group, who has helped recover money for hundreds of investors throughout the United States, represents clients on a contingency fee basis and advances all costs. Park and brokerage firms Park worked for deny any and all allegations of sales practice violations.