SagePoint Investor's Suitability Dispute About Securities Broker Joseph Tonyan
The investment loss recovery counsel at Soreide Law Group provide you with this update in regard to SagePoint Financial Inc. securities broker Joseph William Tonyan (CRD#: 1252187, Springfield, Missouri). Specifically, FINRA shows that two investors filed disputes about the securities broker. Not only that, but one of his former securities firm employers disaffiliated with him over misconduct allegations. Let’s take a closer look.
Joseph Tonyan’s SagePoint Financial Client Alleges Unsuitable Mutual Fund Allocation
It appears that Joseph Tonyan is a securities broker for Sagepoint Financial. Notably, a client of SagePoint Financial brought a dispute about him. Mainly, they contended that Tonyan had them invest in an unsuitable way. Supposedly, their portfolio contained an allocation of mutual funds that underperformed. For this reason, SagePoint Financial opted to settle with the client in September 2020 through compensating them.
LPL Financial LLC Disaffiliates With Tonyan
Evidently, before joining SagePoint Financial, Joseph Tonyan worked for LPL Financial. It appears that Tonyan’s employment at LPL Financial came to an end amid allegations of the securities broker violating a document signature policy. Particularly, the firm alleged that he accumulated blank signed forms. However, securities broker denies the allegations.
Investor Files Dispute About Joseph Tonyan
Also, a client of a securities firm (possibly Pruco Securities Corporation or LPL Financial) brought a dispute about Joseph Tonyan. Supposedly, Tonyan made an unsuitable recommendation to the client. It seems that they sustained damages on mutual funds. However, the firm denied this complaint.
Losses By Investing Through Tonyan?
Notably, securities broker Joseph Tonyan denies allegations of sales practice violations that are referenced on FINRA BrokerCheck. Have you experienced investment losses by interacting with this broker? If so, reach out to Soreide Law Group at (888) 760-6552 and speak with experienced counsel concerning a possible recovery of your investment losses. Soreide Law Group represents clients on a contingency fee basis and advances all costs. The law firm has recovered millions of dollars for clients who have experienced losses because of their securities brokers and financial advisors.
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