DID JOHN WILLIAM COBB CAUSE YOU INVESTMENT LOSSES?
John Cobb Of LPL Financial LLC Has 2 Customer Complaints For Alleged Broker Misconduct
About John Cobb of LPL Financial LLC?
John Cobb (CRD #49179) is currently registered with Caldwell Advisors, LLC, in Brentwood, TN, since August 6, 2020, and has been with LPL Financial LLC since September 8, 2009. He is licensed in 5 U.S. states and territories. Cobb has passed one principal/supervisory exam and three general industry/product exams along with two multi-state securities law exams. His long tenure in the industry includes previous registrations with various firms like Values Based Planning, LLC and Beam Asset Management. His extensive experience is supported by multiple registrations, indicating a significant breadth of professional involvement in financial services.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
John Cobb Customer Complaints and Reviews
John Cobb has been involved in two customer disputes:
- First Dispute (Settled):
- Details: Accused of violations under the Securities Act of 1933 and 1934 and the Racketeering & Corrupt Actions Act. Plaintiffs demanded original investments and damages totaling $1,000,000.
- Settlement: Resolved out of court on February 19, 1985, with a settlement amount totaling $30,000.
- Second Dispute (Closed – No Action):
- Details: A client alleged that Cobb did not execute a buy order for $50,000 worth of Eli Lilly shares, which led to potential missed gains. The client claimed this was discussed and confirmed during a review meeting.
- Outcome: As of May 10, 2024, this complaint was closed with no action taken.
Allegations Against John Cobb
- Settled Dispute:
- Allegations: Involvement in misleading investment practices under the Securities Act of 1933 and 1934, resulting in a lawsuit demanding significant financial restitution.
- Resolution: Out of court settlement with a payment of $30,000.
- Closed Dispute:
- Allegations: Failure to follow client instructions regarding the purchase of shares, causing a missed investment opportunity.
- Outcome: The complaint was closed with no action against Cobb, following review and confirmation of details surrounding the case.
John Cobb Red Flags & Your Rights As An Investor
Of course, John Cobb 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 Cobb at LPL Financial LLC on alert to review carefully the activity and performance of their accounts and question whether John Cobb has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at LPL Financial 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 LPL Financial LLC Due To John Cobb
If you have questions about LPL Financial LLC and/or John Cobb 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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