Last Updated: January 2025 (Sarasota, FL)
Jean-Pierre Daniel Gobic Investigation Summary
Here’s what you need to know about Sarasota, FL, stockbroker Jean-Pierre Daniel Gobic:
- Name: Jean-Pierre Daniel Gobic
- Current Employer: Morgan Stanley
- Prior Employer: UBS Financial
- CRD Number: 4380699
- Function: Stockbroker / Financial Advisor
- Primary Location: Sarasota, FL
- Aliases: Jean-Pierre D. Gobic
- Can Jean-Pierre Gobic be sued in FINRA arbitration? Yes
- Sanctioned by FINRA: No
- Highest Settlement or Award: $100,000
- Pending Customer Dispute: Yes
If you’ve sustained damages from Mr. Gobic, discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Jean-Pierre Gobic As Your Stockbroker?
Jean-Pierre Gobic has been named in customer disputes alleging unsuitable investment recommendations, misrepresentation, and other sales practice violations. Some notable cases include:
- Pending Arbitration (Case #24-02352): Filed on October 31, 2024, the claimant alleges misrepresentation and violations of Regulation Best Interest (Reg BI) in connection with alternative investment strategies between 2021 and 2023. Damages are unspecified, and the matter is being heard in FINRA arbitration.
- Customer Complaint (Settled for $100,000): In a case involving auction rate securities (ARS), the client alleged damages due to illiquidity in the ARS market during February 2008. The firm repurchased the securities at par value under a global repurchase agreement with regulators.
- Customer Complaint (Settled for $25,000): A separate case also involved ARS sales made before the market’s illiquidity in 2008.
Allegations of Broker Misconduct Against Jean-Pierre Gobic
Customers of Jean-Pierre Gobic have alleged the following misconduct in connection with the handling of their accounts:
- Unsuitable Investment Recommendations:
Several disputes allege that Mr. Gobic recommended investments that were not suitable for the clients’ financial needs, particularly in high-risk auction rate securities. Such actions may violate FINRA Rule 2111, which requires brokers to ensure investment suitability. - Misrepresentation:
The pending arbitration alleges that Mr. Gobic misrepresented material facts related to alternative investment strategies, leading to financial harm. Misrepresentation violates FINRA Rule 2020, which prohibits the use of manipulative, deceptive, or fraudulent devices. - Failure to Act in the Customer’s Best Interest:
The pending complaint involving violations of Regulation Best Interest (Reg BI) highlights concerns that Mr. Gobic failed to prioritize the interests of his clients when recommending investment strategies. - Industry-Wide Auction Rate Securities (ARS) Issues:
Mr. Gobic’s involvement in ARS-related disputes stems from a widespread breakdown of liquidity in the ARS market in 2008. Although the settlements were part of firm-level agreements, customers alleged financial harm due to illiquid investments.
Firms Have a Duty to Supervise their Financial Advisors (FINRA Rules 3110 & 2090)
Brokers and their firms have a duty to comply with the FINRA suitability rule which requires that they have a reasonable basis to believe that a recommendation is suitable for the customer.
FINRA Rule 2111- suitability -Regulation Best Interest
FINRA mandates that brokers disclose customer complaints, regulatory actions, and disputes, which are critical for investors evaluating the trustworthiness of financial professionals.
Recover Your Investment Losses Now With Rex Securities Law
If you have suffered investment losses in an account handled by Jean-Pierre Daniel Gobic, contact us for a complimentary consultation with an experienced securities lawyer to learn how you may be able to recover damages through FINRA arbitration.
With offices in Boca Raton, FL, and Austin, TX, stockbroker fraud attorney Bob Rex provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers, financial advisors, and broker-dealers.
If you have questions about how your account has been handled, call (877) 224-3199 to speak with an experienced securities attorney at no cost to you.
Most cases are handled on a contingent fee basis, meaning that you do not pay legal fees unless we are successful.