DID JOHN KEVIN EGAN CAUSE YOU INVESTMENT LOSSES?
John Egan Formerly With Western International Securities, Inc. Has 8 Customer Complaints For Alleged Broker Misconduct
About John Egan formerly with Western International Securities, Inc.?
John Egan (CRD #2221733) is a financial professional with a career spanning nearly three decades. He has passed one principal/supervisory exam, two general industry/product exams, and two multi-state securities law exams. Egan was most recently registered with Western International Securities, Inc. from July 1996 to March 2021 and previously with Baraban Securities, Inc. from April 1992 to August 1996. During his career, Egan has held positions as a registered representative and an investment adviser representative, working primarily in Pasadena, CA. Although he is not currently registered, Egan has held a Certified Financial Planner designation.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
John Egan Customer Complaints and Reviews
John Kevin Egan has eight customer disputes disclosed in his FINRA report, including five that have been settled and three that are currently pending:
- Customer Dispute (Settled, 2024): The customer alleged unsuitable recommendations and breach of fiduciary duty related to corporate debt investments. The case was settled for $65,000.
- Customer Dispute (Settled, 2024): Another dispute involving negligence and misrepresentation related to corporate debt was settled for $23,000.
- Customer Dispute (Settled, 2023): The client claimed unsuitable recommendations, misrepresentations, and omissions of material fact. This dispute was settled for $26,200.
- Customer Dispute (Settled, 2023): The customer alleged unsuitability related to corporate debt investments, resulting in a settlement of $13,166.28.
- Customer Dispute (Settled, 2023): This dispute involved unsuitability claims regarding corporate debt investments, with a settlement amount of $50,678.
- Customer Dispute (Pending, 2024): The customer alleges unsuitable investment recommendations and misrepresentations between October 2017 and June 2020, with claimed damages of $380,000.
- Customer Dispute (Pending, 2023): Allegations include violations of federal securities laws, unsuitable recommendations, and misrepresentations related to corporate debt. The case is pending with alleged damages of $60,000.
- Customer Dispute (Pending, 2023): The client claims the representative misrepresented the features of a product sold in 2020, with alleged damages between $50,000 and $100,000.
Allegations Against John Egan
The allegations against John Egan predominantly involve claims of unsuitable investment recommendations, misrepresentation, and breaches of fiduciary duty related to corporate debt investments. These disputes have led to several settlements totaling significant amounts, with multiple cases still pending. The claims reflect concerns about the appropriateness and transparency of the investment products Egan recommended to his clients.
John Egan Red Flags & Your Rights As An Investor
Of course, John Egan 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 John Egan at Western International Securities, Inc. on alert to review carefully the activity and performance of their accounts and question whether John Eganhas engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Western International Securities, Inc. 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 Western International Securities, Inc. Due To John Egan
If you have questions about Western International Securities, Inc. and/or John Egan 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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