Public records published by the Financial Industry Regulatory Authority (FINRA) and accessed on April 16, 2018 indicate that Maryland-based Lombard Securities broker/adviser John Cutshall has been sanctioned by regulatory authorities in connection to alleged rule violations and was recently named in a pending FINRA investigation. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Cutshall (CRD# 874352).
John Cutshall has spent 38 years in the securities industry and has been registered with Lombard Securities in Woodsboro and Baltimore, Maryland since 2014. Previous registrations include Morgan Stanley in Frederick, Maryland (2013-2014); RBC Capital Markets in Frederick, Maryland (2009-2013); Ferris Baker Watts in Frederick, Maryland (1988-2009); and Baker Watts & Company (1979-1988). He has passed three securities industry examinations: Series 63 (Uniform Securities Agent State Law Examination), which he obtained on December 29, 1981; Series 7 (General Securities Representative Examination), which he obtained on November 17, 1979; and Series 4 (Registered Options Principal Examination), which he obtained on December 15, 1982. He is a registered broker with six US states: Florida, Maryland, North Carolina, Pennsylvania, South Carolina, and West Virginia.
According to his BrokerCheck report, John Cutshall has received one regulatory sanction, was discharged from a former employer in connection to alleged rule violations, and has been named in a FINRA investigation.
In March 2018 John Cutshall was named in a FINRA investigation recommending disciplinary action for allegations including conversion of funds, failure to disclose his beneficiary status to two member firms, making a false statement on a compliance questionnaire, and failure to cooperate with a FINRA investigation by failing to produce a requested document. The action remains pending.
In December 2017 the Federal Deposit Insurance Commission sanctioned him in connection to allegations he participated in “certain unsound or unsafe practices” in connection to certain Maryland testamentary trusts, for which he served as trustee, that led to “personal gain to him and/or financial loss to the bank.” He was issued a prohibition order.
In 2014 he was terminated from his position at Morgan Stanley Smith Barney in connection to allegations related to his “disclosure of fiduciary status with respect to outside accounts” and his withdrawal from a trust account.
If you or someone you know has a complaint regarding John Cutshall, call Fitapelli Kurta at 877-238-4175 for a free consultation. You may be able to recover lost funds. Fitapelli Kurta accepts all cases on contingency: we only get paid if and when you collect money. You may have a limited window to file your complaint, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.