September 2019-Macon, Georgia
According to FINRA records, John Nelson Crook , a stockbroker who currently works for Prospera Financial Services , discloses a termination from employment, a currently pending customer dispute and a prior finalized customer dispute
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.
In currently pending FINRA arbitration 16-2458, a customer of Raymond James/Morgan Keegan alleges that their account was excessively traded by Crook, churned, subjected to trades that were made without authority, fraud and violations of the Georgia Blue Sky Law. Damages of $4,800,000 are sought.
Crook discloses that in 7/2015 he was discharged from Raymond James & Associates. The company made the following allegation on Crook’s FINRA record: “Loss of confidence. Financial advisor was terminated 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.”
Crook has been employed by Prospera Financial Services since 8/2015. He was employed by Raymond James from 2/2013-8/2015. From 7/2006-2/2013 he was employed by Morgan Keegan. Crook discloses a business affiliation with Bronco Holding LLC in Macon, GA.
If you have questions about an account handled by John N. Crook, call for a no charge consultation to learn how you may be able to recover damages.
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.
Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
Nationwide Representation
TollFree: 877-224-3199
Florida-561 391 1900
Texas-512-329-2870