Last Updated: January 2024 (Cocoa Beach, FL )
Justin Connors Investigation Summary
Here’s what you need to know about Cocoa Beach, FL, stockbroker Justin Connors:
- Name: Mr. Justin Matthew Connors
- Current Employer: IFP Securities, Independent Financial Planners (RIA)
- DBA: Connors Wealth Management, Connors Capital Managment
- Previous Firms: LPL Financial, Mutual Service Corp.
- Function: Stock Broker/ Financial Advisor/ Registered Investment Advisor
- Aliases: Justin Connors
- Primary Location: Cocoa Beach, FL
- CRD 2805785
- Can Justin Connors be sued in FINRA arbitration: Yes
- Sanctioned by FINRA: No
- Two Pending Customer Disputes Seeks Damages of $500,000
Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Justin Connors As Your Stockbroker?
In 2023 a customer of IFP Securities filed a FINRA arbitration alleging that Justin Connors recommended a high risk, high commission illiquid alternative investment, GWG Holdings, Inc. and that Connors represented it to be a safe investment. Damages of $100,000 are sought in this pending matter.
In 2022 a customer of IFP Securities filed a FINRA arbitration which seeks damages of $400,000 and alleges that Connors recommended a speculative investment when the customer indicated he didn’t want to risk the loss of principal. This matter is currently pending.
Alternative Investments: These are assets that are not stocks, bonds or cash. Alternative investments generally fall within five categories: hedge funds, private capital, natural resources (oil and gas, energy), real estate (REITs) and infrastructure. They are typically less liquid that conventional investments, less regulated with higher fees and generally higher risk.
Allegations of Broker Misconduct Against Justin Connors
Customers of Justin Connors have alleged the following wrongdoing in connection with the handling of customer accounts:
- Unsuitable Investment Recommendation to invest in illiquid, high risk alternative investment.
- Highly speculative unsuitable recommendations in large concentrations
- Recommended high risk, high commission investment in GWG Holdings, Inc.
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 Justin Connors, 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.
