Investors apparently complained about securities broker John Peter Purcell [CRD: 1664678, Albany, New York], according to disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. John Purcell has been registered with Purshe Kaplan Sterling Investments since April 15, 1994. Investors should continue reviewing this article to discover more about the disclosures involving this individual.
Evidently, on June 20, 2024, a Purshe Kaplan Sterling Investments client filed FINRA Arbitration No. 24-01290 concerning John Purcell. Primarily, the client alleged that Purcell was negligent and made misrepresentations and that unsuitable recommendations were made. For this reason, the client allegedly incurred damages related to real estate securities. Consequently, the client requested $2,160,000 in compensation from Purshe Kaplan Sterling Investments or Purcell. It appears that this arbitration is pending a resolution.
Notably, a client of Purshe Kaplan Sterling Investments disputed Purcell’s sales practices by filing FINRA Arbitration No. 15-00303. Allegedly, Purcell failed to supervise certain representatives. It appears that Purcell allegedly caused the client to incur damages. Therefore, Purshe Kaplan Sterling Investments opted to settle the matter on November 3, 2015, by paying the client $99,000.
Specifically, a Purshe Kaplan Sterling Investments client filed NASD Arbitration No. 05-01834 about Purcell. Mainly, the client alleged that Purcell failed to supervise certain representatives. Because of this, the client allegedly sustained damages linked to stocks and mutual funds. As a result, on June 22, 2006, a FINRA Arbitration Panel issued an Award ordering Purshe Kaplan Sterling Investments and Purcell to pay the client $299,545 in damages.
Particularly, a client of Purshe Kaplan Sterling Investments contested Purcell’s sales practices by filing NASD Arbitration No. 08237. Allegedly, Purcell failed to supervise certain representatives. It appears that Purcell allegedly caused the client to experience damages relating to stocks. Consequently, Purshe Kaplan Sterling Investments opted to settle the matter on February 23, 2006, by compensating the client in the amount of $40,000.
Do you have concerns or questions regarding investments you made with John Purcell? You can get in touch with Soreide Law Group online or at (888) 760-6552 and talk to a securities lawyer regarding a possible recovery of your investment losses. Soreide Law Group has recovered losses for investors throughout the United States. Also, the firm takes cases on a contingency fee arrangement and advances all costs. Purcell and brokerage firms Purcell worked for deny accusations of sales practice violations.
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