DID JOANN CATHERINE CADOVICH CAUSE YOU INVESTMENT LOSSES?
Joann Cadovich Of GLP Investment Services, LLC Has A Customer Complaint For Alleged Broker Misconduct
About Joann Cadovich of GLP Investment Services, LLC?
Joann Cadovich (CRD #2482427) , presents a mixed record that may raise concerns for potential clients. She has been registered with GLP Investment Services, LLC in Farmington, MI, since August 2011, and her career in the financial services industry spans over 29 years across three states. Cadovich has passed one principal/supervisory exam and two general industry/product exams, indicating a reasonable level of professional qualification. However, her history is not without its blemishes, characterized by a noteworthy customer dispute which was settled, suggesting potential lapses in service or advisement quality.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Joann Cadovich Customer Complaint and Reviews
- Customer Dispute (Settled)
- Date Complaint Received: May 1, 2023
- Allegations: The client expressed dissatisfaction with the performance of her investments, particularly regarding the perceived mismanagement that led to financial losses during market downturns. She alleged that Cadovich did not adequately address her desire for more conservative investment strategies.
- Outcome: The dispute was settled on July 27, 2023, with Cadovich and her firm making corrective trades to address the client’s concerns. The settlement involved Cadovich paying a portion of the total settlement amount of $20,913.59, specifically $14,639.52, to ameliorate the client’s grievances.
Allegations Against Joann Cadovich
Nicholas Brown was accused of mismanaging a client’s investment portfolio by taking undue risks that did not align with the client’s financial goals or risk tolerance. The client alleged that this mismanagement forced them to liquidate their investments at a loss, significantly impacting on their financial stability. The settlement of the dispute, albeit without an admission of wrongdoing by Brown, points to potential issues in his advisory practices and ethical standards. Joann Cadovich faced allegations of not effectively responding to a client’s concerns regarding investment risks and portfolio management. The client accused her of failing to adjust the investment strategy to a more conservative stance when requested, which purportedly resulted in unnecessary financial losses. These allegations led to a settlement wherein Cadovich contributed financially, indicating her involvement and the seriousness of the claims. Despite the settlement, Cadovich maintains that the trades and strategy adjustments were consistent with the client’s originally stated moderate risk tolerance. This incident paints a picture of possible communication gaps and advisory issues within Cadovich’s practice.
Joann Cadovich Red Flags & Your Rights As An Investor
Of course, Joann Cadovich did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of Joann Cadovich at GLP Investment Services, LLC on alert to review carefully the activity and performance of their accounts and question whether Joann Cadovich has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at GLP Investment Services, LLC also raises questions about the brokerage firm’s supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.
Did You Lose Money Because of Broker Misconduct?
If you have lost money due to negligence or fraud by a stockbroker or advisor, the easiest way to know if you have a case is to call our office at 800-732-2889. Our investment fraud attorneys will evaluate your claim for free and let you know if we can help you recover your losses.
Need Legal Help? Let’s talk.or, give us a ring at 561-338-0037.
File A Claim To Recover Your Investment Losses At GLP Investment Services, LLC Due To Joann Cadovich
If you have questions about GLP Investment Services, LLC and/or Joann Cadovich and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.
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