DID JEFFREY DONALD POOSCH CAUSE YOU INVESTMENT LOSSES?
Jeffrey Poosch Of Prospera Financial Services, Inc. Has 6 Customer Complaints For Alleged Broker Misconduct
About Jeffrey Poosch of Prospera Financial Services, Inc.?
Jeffrey Poosch (CRD #2490703) is currently employed with Prospera Financial Services, Inc., in Port Huron, Michigan, where he has been registered since April 2021. He has a long-standing career in the financial services industry, having worked for several firms, including Cetera Advisor Networks LLC, Summit Brokerage Services, Inc., and Raymond James Financial Services, Inc. Poosch has passed two Principal/Supervisory Exams, two General Industry/Product Exams, and one multi-State Securities Law Exam. He holds licenses in 17 U.S. states and territories, reflecting his broad scope of practice across the country.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Jeffrey Poosch Customer Complaints and Reviews
Jeffrey Poosch has a total of six customer disputes reported:
- Settled Dispute (August 2024): A client requested reimbursement for a surrender charge related to an annuity exchange transaction that occurred in April 2022. The dispute was settled for $26,000.
- Settled Dispute (January 2017): A client alleged that they were not informed about penalties related to the free look period of a variable annuity. This complaint, received in December 2016, was settled for $6,269.54.
- Settled Dispute (January 2014): A client filed a complaint in July 2013 regarding the decrease in value of a mutual fund purchased in May 2013. The complaint was settled for $5,807.65.
- Denied Dispute (July 2018): A client alleged unauthorized trading and failure to disclose fees associated with a variable annuity, as well as other investments. The complaint, seeking over $500,000 in damages, was denied.
- Denied Dispute (August 1998): A client claimed that Poosch misrepresented the capital gains implications of selling stock and alleged unauthorized selling of a larger portion of their portfolio than agreed. The claim, seeking $15,000, was denied.
- Pending Dispute (as of August 2022): A client alleges breach of fiduciary duty, unsuitability, misrepresentation, omission of facts, and failure to supervise related to a real estate private placement purchased in 2014. The case is currently under arbitration with FINRA, with claimed damages of $300,000.
Allegations Against Jeffrey Poosch
- Settled Disputes:
- August 2024: Reimbursement of annuity surrender charge related to an exchange transaction.
- January 2017: Lack of disclosure regarding penalties in the free look period of a variable annuity.
- January 2014: Decline in mutual fund value leading to settlement.
- Denied Disputes:
- July 2018: Allegations of unauthorized trading and undisclosed fees linked to multiple investment products, including a variable annuity.
- August 1998: Allegations of misrepresentation regarding capital gains and unauthorized portfolio sales.
- Pending Dispute:
- August 2022: Allegations of breach of fiduciary duty, unsuitability, misrepresentation, and failure to supervise in the recommendation of a real estate private placement
Jeffrey Poosch Red Flags & Your Rights As An Investor
Of course, Jeffrey Poosch 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 Jeffrey Poosch at Prospera Financial Services, Inc. on alert to review carefully the activity and performance of their accounts and question whether Jeffrey Poosch has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Prospera Financial Services, Inc. also raises questions about the brokerage firms’ 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 Prospera Financial Services, Inc. Due To Jeffrey Poosch
If you have questions about Prospera Financial Services, Inc. and/or Jeffrey Poosch 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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