Last Updated: August 2023 (Fort Worth, Texas )
John B. Lee Investigation Summary
Here’s what you need to know about Fort Worth, Texas, stockbroker John B. Lee:
- Name: Mr. John Brian Lee
- Current Employer: LPL Financial LLC
- DBA: Lee Wealth Management Group
- Previous Firms: Cambridge Investment Research, MML Investors Services, Northwestern Mutual Investment Services, Nationwide Securities Inc., Morgan Stanley Inc., Robert W Baird & Co.
- Function: Stock Broker / Financial Advisor
- Aliases: None
- Primary Location: Fort Worth, Texas
- CRD 2950037
- Can John B. Lee be sued in FINRA arbitration: Yes
- Sanctioned by FINRA: No
- Highest Customer settlement: $575,000
Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With John B. Lee As Your Stockbroker?
John B. Lee has a customer complaint for alleged broker misconduct, that was settled in July 2023.
In 6/2022 a customer of his prior employer, Cambridge Investment Research, filed a Statement of Claim with FINRA alleging that John B. Lee made an investment recommendation for the purpose of generating high commissions and fees and that the customers were deprived of the ability to generate reasonable returns that would have been received in a diversified portfolio. The investment products at issue included direct investments, limited partnerships and oil & gas investments and was settled for $575,000 in July 2023.
Allegations of Broker Misconduct Against John B. Lee
Customers of John B. Lee have alleged the following wrongdoing in connection with the handling of customer accounts:
- Overcharging commissions
- Overcharging fees
- Unsuitable investments
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
Recover Your Investment Losses Now With Rex Securities Law
If you have suffered investment losses in an account handled by John B. Lee, contact us for a complimentary consultation with an experience 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.
