John Loofbourrow (CRD #: 312494), a broker registered with Demopolis Capital, has multiple pending disclosures, according to his BrokerCheck record, accessed on January 8, 2021. Loofbourrow also has three regulatory disclosures that investors should note.

Broker Dealer Financial Services Corp. fined 75k for ETFs

As of December 10, 2020, John Loofbourrow has a pending bankruptcy.

On October 24, 2020 a client alleged that Loofbourrow recommended an investment in a private placement that the client alleges was a Ponzi scheme. The client is seeking $800,000; the dispute is pending.

On June 11, 2020, John Loofbourrow entered into an Acceptance, Waiver, & Consent agreement (AWC) with FINRA, in which he consented to the findings that he failed to conduct a review of two representatives’ outside business activities. Loofbourrow served as the two representatives’ supervisor, and FINRA requires that supervisors review representatives’ outside business activities. The terms of the AWC included a $7,500 fine and a two-month suspension. You can read a copy of the AWC here.

On August 23, 2005, John Loofbourrow entered into an AWC with the National Association of Securities Dealers (NASD), in which he consented to the findings that while acting on behalf of his member firm he failed to maintain a minimum net capital requirement. He also consented to a fine of $7,500 and an official censure.

On December 28, 1993, John Loofbourrow received a censure from NASD as well as a $2,500 fine.

Background Information

John Loofbourrow has passed the Securities Industry Essentials Examination, the Series 1 Registered Representative Examination, and the Series 24 General Securities Principal Examination.

Loofbourrow has 41 years of experience in the securities industry. During his over four decades of experience, Loofbourrow has registered with three firms:

  • Demopolis Capital (CRD #: 14234)
  • First Pennco Securities (CRD #: 7198)
  • Saloman Brothers (CRD #: 740)

If John Loofbourrow was your broker and you have questions about your investments, don’t hesitate to contact the securities attorneys of Fitapelli Kurta. Call (877) 238-4175 or email info@fkesq.com for a free case consultation with a securities attorney.

Leave a Comment