Soreide Law Group has been contacted by investors who have experienced losses in LJM Capital Preservation and losses in FS Energy due to the alleged recommendations of their financial advisor/broker:
JOHN STEPHEN PRONOVOST (JOHN S PRONOVOST)
Since 2/26/21, JOHN S PRONOVOST has been listed with, INFINEX INVESTMENTS, INC. of Watertown, Connecticut. He was previously registered as an investment advisor with CAMBRIDGE INVESTMENT RESEARCH ADVISORS, INC, and as a broker with CAMBRIDGE INVESTMENT RESEARCH, INC, both of Watertown, Connecticut from 02/29/2008 - 03/02/2021.
According to FINRA’s BrokerCheck, available to the public on FINRA’s website, JOHN S PRONOVOST, has been in the securities industry for 32 years and has been listed with 5 firms. Pronovost has 15 disclosures on his FINRA CRD report. All of the 15 disclosures are “Customer Disputes,” dating back to 2018. Of the 15 disputes, 10 have settled, 2 were denied, 1 was granted an award/judgement, and 2 are pending.
The significance of JOHN S PRONOVOST’s FINRA Customer Complaints is underscored in FINRA NOTICE to MEMBERS 03-49. FINRA conducted a review of the CRD’s of all registered representatives, only .41% had been the subject of (3) or more customer complaints. In other words Pronovost’s customer complaints rank him in the top one-hundredth percent of all registered representatives for customer complaints.
Of the 10 disputes that have settled, 2 of the disputes list LJM in the complaint. One of the disputes listed, from June 28, 2018, alleges, “Clients allege the sale of LJM funds was unsuitable.” The dispute settled for $30,000.00. On December 11, 2018, there was a dispute filed alleging, “Clients allege the sale of LJM funds was unsuitable.” This dispute settled for $60,000.00. Some of the other allegations listed in the settled disputes were unsuitability and misrepresentation.
If you’ve experienced losses due to the actions or recommendations of the broker/financial advisor, JOHN S PRONOVOST previously listed with CAMBRIDGE INVESTMENT RESEARCH and currently listed with INFINEX INVESTMENTS, INC. both of Watertown, Connecticut, contact Soreide Law Group and speak at no cost to an experienced securities lawyer regarding the possible recovery of your investment losses through a FINRA arbitration at: 888-760-6552.
Soreide Law Group works on a contingency fee and represents our clients nationwide before FINRA.
ERIC BRIAN KLEINER (ERIC KLEINER, ERIC B KLEINER) was permanently barred by FINRA from acting as a broker or otherwise associating with a broker/dealer firm with a start date of 10/31/2025. The last firm Kleiner was registered with was MORGAN STANLEY of New York, NY from 09/09/2016 - 04/02/2025. According to the FINRA report, available […]
Did a financial advisor recommend APX New Harmony Partners-D, LP to you? Investors in this oil and gas partnership may have suffered major losses. Soreide Law Group is investigating potential FINRA arbitration claims on behalf of investors who bought this investment through a FINRA-registered brokerage firm. APX New Harmony Partners-D Will Be Dissolved APX Energy […]
Artificial intelligence stocks have attracted tremendous investor interest, but many emerging AI companies also carry significant risk. If your financial advisor recommended shares of Blaize Holdings, Inc. (NASDAQ: BZAI) without fully explaining those risks, you may have options to recover your investment losses through FINRA arbitration. Blaize Holdings develops edge AI computing technology for commercial […]
Phone:
Fax: 1-954-760-6553
Email: info@securitieslawyer.com