Soreide Law Group is investigating possible investor claims against Justin Walt Parker (CRD: 4364398, Del Mar, California). Specifically, Financial Industry Regulatory Authority (FINRA) BrokerCheck discloses that investors disputed the sales practices of the securities broker, who worked for Hilltop Securities Inc. Evidently, one or more investors alleged misconduct in these disputes, including that Parker made unsuitable recommendations. Here is a brief summary of the disclosures about Parker.
Parker Disclosed Unsuitable Advice Allegations By Hilltop Securities Inc. Client
Particularly, a client of Hilltop Securities Inc. contested Justin Parker’s sales practices, according to a complaint dated March 18, 2021. Allegedly, Parker provided unsuitable advice. Supposedly, Parker caused the client to sustain damages. Therefore, the client requested compensatory relief from Hilltop Securities Inc. or Parker in the amount of $280,000 in this ongoing matter. However, the securities firm denied this complaint.
Hilltop Securities Inc. Investor Accused Justin Parker Of Breach Of Fiduciary Duty
Also, a Hilltop Securities Inc. client filed FINRA Arbitration: 17-0305 about Justin Parker. Namely, the client alleged that Parker made unsuitable recommendations, inappropriately used margin, churned accounts, breached a fiduciary duty, engaged in excessive trading, and made misrepresentations. Because of this, the client allegedly sustained damages on UITs and municipal bonds. Therefore, on May 13, 2019, Hilltop Securities Inc. settled this matter by paying the client $400,000 in damages.
Parker Disclosed Excessive Trading Allegations By Hilltop Securities Inc. Client
Specifically, a client of Hilltop Securities Inc. contested Justin Parker’s sales practices, according to a complaint. Allegedly, Parker provided unsuitable advice, made misrepresentations, and engaged in excessive trading. Supposedly, Parker caused the client to sustain damages on UITs. Therefore, Hilltop Securities Inc. opted to settle the matter on November 1, 2018, by compensating the client in the amount of $100,000.
Hilltop Securities Inc. Investor Accused Justin Parker Of Misrepresentation
Also, on August 28, 2017, a Hilltop Securities Inc. client filed a complaint about Justin Parker. Namely, the client alleged that Parker made misrepresentations. Because of this, the client allegedly sustained damages on UITs. Therefore, the client requested $5,000 in compensation from Hilltop Securities Inc. or Parker. However, the securities firm denied this complaint.
Parker worked for Hilltop Securities Inc. as a securities broker from December 2008 to December 2017. He worked for Kestra Investment Services LLC as a securities broker from October 2021 to February 2022.
Did Hilltop Securities Inc. Securities Broker Justin Parker Cause You To Experience Damages?
Did you suffer damages because of broker Justin Parker? If so, contact Soreide Law Group at (888) 760-6552 and talk with a securities lawyer concerning a potential recovery of your investment losses. Soreide Law Group, who has helped recover money for investors within all 50 states, represents clients on a contingency fee basis and advances all costs. Parker and brokerage firms Parker worked for deny all accusations of sales-related misconduct.
