Public records published by the Financial Industry Regulatory Authority (FINRA) on September 15, 2016 indicate that Georgia-based Prospera Financial Services broker/adviser John Crook is the subject of a pending customer complaint. The securities and investment fraud law firm Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Crook (CRD# 2715424).
John Crook has spent twenty years in the securities industry and has been registered with Prospera Financial Services in Macon, Georgia since August 2015. Previous registrations include Raymond James & Associates in Macon, Georgia; Morgan Keegan & Company in Macon, Georgia; Citigroup Global Markets in Macon, Georgia; and the Robinson-Humphrey Company in Atlanta, Georgia. He is a registered broker and investment adviser with Florida and Georgia.
According to his BrokerCheck report, John Crook has received one customer complaint and one pending customer complaint.
In November 2015 a customer alleged John Crook, while employed at Morgan Keegan and Raymond James & Associates, participated in excessive and unauthorized trading. The customer is seeking $2,750,000 in damages in the pending complaint.
In July 2015 John Crook was terminated from his position at Raymond James & Associates “after an internal review into a client complaint during which the firm found the financial advisor did not respond candidly to a supervisory review of trading activity and the financial advisor did not provide plausible explanations for the trading activity in a client account.”
In 2001 a customer alleged John Crook, while employed at Salomon Smith Barney, misrepresented material facts, failed to disclose information, and executed unauthorized trades. The complaint settled in 2002 for $60,000.
Federal securities law prohibits brokers like John Crook from making untrue or false statements that can mislead their clients — an act referred to as “misrepresentation.” Nor may they omit material facts regarding an investment, or the effect that an investment could have on the client’s finances. A “material fact” is a piece of information that would be a significant consideration for a reasonable investor in making a decision about an investment. Some examples include the risk level of a stock, the potential return on an investment, or the fees involved with the transaction. Brokers and investment advisers who misrepresent material facts may be subject to disciplinary action from FINRA, the Securities and Exchange Commission, or state authorities.
If you or someone you know has complaints regarding John Crook, call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. You may be entitled to recover lost funds. All cases are taken on contingency: we only receive payment if and when you collect money. Time to file your claim may be limited, so we suggest you avoid delay. Call 877-238-4175 now to speak to an attorney for free.