DID JOHN PROKOS JR CAUSE YOU INVESTMENT LOSSES?
John Prokos Jr Of LPL Financial LLC Has 2 Customer Complaints For Alleged Broker Misconduct
About John Prokos Jr of LPL Financial LLC?
John Prokos Jr (CRD #1553091) is an experienced securities broker and investment adviser with over three decades in the financial services industry. He is currently registered with LPL Financial LLC since September 2020 and holds licenses in 26 U.S. states and territories. Prokos has passed four industry examinations, including the General Securities Principal Exam (Series 24) and the Uniform Securities Agent State Law Exam (Series 63), allowing him to act in supervisory and representative capacities. Prokos has previously worked with firms such as Lucia Securities, LLC (2011–2020), First Allied Securities, Inc. (2008–2011), and Securities America, Inc. (1997–2008). His experience spans various roles, including managing client portfolios, supervising securities transactions, and providing tailored financial advice.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
John Prokos Jr Customer Complaints and Reviews
John Prokos Jr. has two customer disputes disclosed in his record:
- Customer Dispute (2024):
- Firm: Lucia Securities, LLC
- Complaint: Customers alleged that investments made in 2014 were unsuitable for their objectives and risk tolerance.
- Outcome: The case was settled for $12,500 on August 19, 2024, with no monetary contribution from Prokos.
- Customer Complaint (2021):
- Firm: Lucia Securities, LLC
- Complaint: A customer claimed that the illiquidity risks of a real estate security sold in 2015 were not disclosed and that the investment was unsuitable.
- Outcome: The firm denied the complaint on August 20, 2021. Prokos asserted that all risks were disclosed and the investment was appropriate based on the customer’s profile.
Allegations Against John Prokos Jr
The allegations against John Prokos Jr. include:
- Unsuitable Investments (2024):
- Customers claimed that real estate investments recommended in 2014 were not aligned with their financial objectives or risk tolerance. The broker denied any errors, asserting that he provided comprehensive and tailored advice. The case was settled by the firm without Prokos’s financial involvement.
- Risk Disclosure (2021):
- A customer alleged that the risks associated with a real estate security sold in 2015 were not adequately explained. Prokos firmly denied the allegations, stating that the potential risks were fully disclosed at the time of sale and that the recommendation was suitable.
John Prokos Jr Red Flags & Your Rights As An Investor
Of course, John Prokos Jr 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 Prokos Jr at LPL Financial LLC on alert to review carefully the activity and performance of their accounts and question whether John Prokos Jr 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 Prokos Jr
If you have questions about LPL Financial LLC and/or John Prokos Jr 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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