DID PETER JAMES FETHERSTON CAUSE YOU INVESTMENT LOSSES?
About Peter Fetherston Formerly With Aegis Capital Corp.?
Peter Fetherston (CRD #2108610) has a diverse background in the financial services industry but is not currently registered as a broker. Over his career, Fetherston has passed three general industry/product exams and one multi-state securities law exam. He has previously been registered with several firms including Aegis Capital Corp., Principal Securities Inc., and MML Investors Services, LLC, reflecting a broad range of experiences in various investment sectors. His professional qualifications also include a Chartered Financial Consultant designation, which highlights his advanced knowledge and commitment to ethical practices within the financial planning field.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Peter Fetherston Customer Complaints and Reviews
Peter James Fetherston’s professional record includes several negative disclosures:
- Regulatory Event (Pending): Initiated by FINRA on May 3, 2022, Fetherston is accused of converting and misusing customer funds. The matter is currently on appeal, with allegations that he misled customers about commissions and investment purposes.
- Criminal (Final): He faced charges of intimidation of a witness which were brought on October 16, 2017, and dismissed on February 15, 2018, in Springfield, Massachusetts.
- Customer Dispute (Settled): A dispute involving allegations that he misrepresented commissions and investments, which led to a settlement of $89,000 in February 2020.
- Termination (Final): Fetherston was discharged twice, once from Principal Securities Inc. on January 23, 2020, for not following firm policies on transaction procedures, and previously from MML Investors Services, LLC on October 17, 2017, due to a pending criminal charge.
Allegations Against Peter Fetherston
The detailed allegations against Peter James Fetherston include:
- Regulatory Allegations: Accusations of misusing customer funds by misleading two customers into giving him checks totaling $89,000 under false pretenses, which he then allegedly used for personal expenses.
- Criminal Allegations: Initially faced a felony charge for intimidation of a witness, which was later dismissed.
- Customer Dispute Allegations: Clients claimed they were misled into providing checks under the pretense of paying for commissions and investments, leading to a financial settlement.
- Termination Allegations: At Principal Securities Inc., he was accused of not adhering to firm policies regarding annuity variable and mutual fund transactions, which led to his discharge. At MML Investors Services, LLC, his termination was linked to the aforementioned pending criminal charge.
Peter Fetherston Red Flags & Your Rights As An Investor
Of course, Peter Fetherston 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 Peter Fetherston at Aegis Capital Corp., Principal Securities, Inc. and MML Investors Services, LLC on alert to review carefully the activity and performance of their accounts and question whether Peter Fetherstonhas engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Aegis Capital Corp., Principal Securities, Inc. and MML Investors Services, LLC 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 Aegis Capital Corp. Due To Peter Fetherston
If you have questions about Aegis Capital Corp., Principal Securities, Inc., MML Investors Services, LLC and/or Peter Fetherston 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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