Investors apparently complained about securities broker Luke Cliff Schunk [CRD: 2387553, Tomahawk, Wisconsin], according to publicly available information reported on FINRA BrokerCheck. Schunk has worked with Moloney Securities Co. Inc. since March 16, 2012. See the following information to find out more Schunk’s disclosures involving client allegations.
Evidently, a client of Moloney Securities Co. Inc. contested Luke Schunk’s sales practices by filing FINRA Arbitration No. 24-01305 on June 13, 2024. Allegedly, Schunk made unsuitable recommendations and was negligent in connection with corporate bond transactions. Allegedly, Schunk caused the client to sustain damages. Therefore, the client seeks compensation from Moloney Securities Co. Inc. or Schunk in the amount of $50,000 - $100,000 in this ongoing matter.
When a securities broker or financial advisor is negligent in bond recommendations or trades, it generally means they may have failed to act with the level of care that a reasonable professional would exercise in similar circumstances. This might involve recommending bonds without properly assessing the client’s financial goals, risk tolerance, or investment profile. It can also include errors such as failing to disclose important information about bond risks or not diversifying investments appropriately. Negligent handling of bond investments can expose clients to unnecessary losses, especially in volatile or interest-sensitive market conditions.
Are you concerned regarding investments you made with Luke Schunk? If so, you should contact Soreide Law Group online or at (888) 760-6552 and consult with a securities attorney about a possible recovery of your losses. Soreide Law Group has helped to recoup losses for clients throughout the country. Also, the firm takes cases on a contingency fee arrangement and advances all costs. Schunk and brokerage firms Schunk worked for deny allegations of sales practice violations.
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