Securities Arbitration Lawyers BlogProspera Broker John N. Crook Under Investigation After $4.8 Million Complaint Filed
Silver Law Group is investigating Macon, Georgia-based Prospera Financial Services, Inc. (CRD# 10740) broker John N. Crook (CRD# 2715424) after a customer filed a $4.8 million complaint.
According to Crook’s FINRA BrokerCheck report, a customer filed a FINRA arbitration against Crook in August 2016 alleging churning and excessive trading, unauthorized trading, breach of fiduciary duty, fraud and intentional misrepresentation and omission, and negligence. The complaint alleges $4.8 million in damages.
The $4.8 million claim follows Crook’s termination by Raymond James & Associates, Inc. (CRD# 705). Raymond James alleged that it had lost confidence in Crook after an internal review into a client complaint during which the Raymond James found that Crook did not respond candidly to a supervisory review of trading activity.