OHN STEPHEN PRONOVOST CRD#: 1990612, a broker currently with CAMBRIDGE INVESTMENT RESEARCH, INC. of Watertown, Connecticut, according to the Financial Industry Regulatory Authority’s (FINRA) BrokerCheck, has 13 Disclosures on his CRD report with FINRA. All of these 13 Disclosures, are Customer Disputes. The significance of Prononvost’s FINRA Customer Disputes is underscored in FINRA NOTICE to MEMBERS 03-49. FINRA conducted a review of the CRD’s of all 663,000 registered representatives, only 2,751 (.41%) of FINRA’s members had been the subject of (3) or more customer complaints. In other words Prononvost’s customer complaints rank him in the top one-hundredth percent of all registered representatives for customer complaints.
In October of 2019, there was a complaint settled against JOHN STEPHEN PRONOVOST following allegations that, “Clients represented by an attorney verbally alleged purchases of unsuitable investments were made in clients’ accounts.” This dispute was settled for $107,981.00.
JOHN STEPHEN PRONOVOST is the subject of a customer dispute, also settled in October of 2019 alleging, “Clients represented by an attorney verbally alleged purchases of unsuitable investments were made in client accounts.” The dispute settled for $155,000.00.
In December of 2018, there is another customer dispute against Pronovost alleging, “Clients allege the sale of LJM funds was unsuitable.” The dispute was settled for $60,000.00.
In July of 2018, JOHN STEPHEN PRONOVOST had another customer dispute settled against him alleging, “Clients allege advisor sold them an unsuitable investment.” This dispute settled for $250,000.00.
According to BrokerCheck, 4 of the complaints were denied and 9 of the complaints have settled. There were a total of 7 Customer Disputes against JOHN STEPHEN PRONOVOST that settled in the clients’ favor in 2018.
According to FINRA’s BrokerCheck, JOHN STEPHEN PRONOVOST has been registered in the securities industry for 30 years and was listed with 4 firms. He is currently listed, since 2/29/2008 with:
CAMBRIDGE INVESTMENT RESEARCH, INC.
777 Echo Lake Road
WATERTOWN, CT 06795
If you’ve experienced investment losses due to the actions or recommendations of JOHN STEPHEN PRONOVOST, currently listed with CAMBRIDGE INVESTMENT RESEARCH, INC. of Watertown, Connecticut, contact Soreide Law Group and speak to an experienced securities lawyer at no cost regarding the possible recovery of your financial losses through a FINRA arbitration at: 888-760-6552.
Soreide Law Group works on a contingency fee basis and represents clients nationwide before FINRA.