Haselkorn & Thibaut, a nationally recognized investment fraud law firm, has opened an investigation into John Patrick Shortal (Pat Shortal) [CRD: 2233172], a financial advisor affiliated with Moloney Securities Co. Inc. in Jerseyville, Illinois. If you are an investor or have worked with this advisor, you might benefit from understanding the complaints and red flags associated with his background. This step-by-step report breaks down the allegations and next steps available to investors like you.
Who is John Patrick Shortal?
Table of Contents
- Name: John Patrick Shortal (also known as Pat Shortal)
- CRD: 2233172
- Broker-Dealer: Moloney Securities Co. Inc.
- Location: Jerseyville, Illinois
- Joined Current Firm: March 30, 2012
When you entrust a financial advisor with your investments, transparency and trust are critical. Shortal has been the subject of public complaints and arbitration claims as reported on FINRA BrokerCheck. For more information, you can view Shortal’s BrokerCheck profile, which aggregates regulatory disclosures, employment history, and client issues.
Investor Red Flags: Client Complaints and Arbitration Claims
According to public disclosures, multiple client disputes and arbitration claims have been registered against Mr. Shortal. These disputes typically accuse the advisor of:
- Alleged sales practice violations
- Possible negligence
- Potential unsuitability of investment recommendations
- Lack of due diligence
Published reports suggest that investors may have experienced concerns related to his recommendations and sales practices. Client complaints are among the most significant red flags for prospective investors, as they may indicate repeat patterns that could impact your portfolio.
Understanding the FINRA BrokerCheck Disclosures
| Type of Disclosure | Description | Status |
|---|---|---|
| Customer Disputes | Claims alleging sales practice violations, negligence, and unsuitable investment recommendations. | Reported; status varies by case |
| Regulatory Investigations | No current public regulatory sanctions or suspensions reported. | No findings as of now |
| Arbitration Claims | Specific arbitration claims related to alleged investment losses or poor recommendations. | Pending/outcomes vary |
Why These Disclosures Matter to Investors
Transparency about an advisor’s history helps investors assess risk and make informed decisions. While not every complaint leads to a finding of fault, a series of allegations can signal areas where extra caution may be advisable. Patterns of sales practice violations, for example, may raise questions about supervisory controls and the overall compliance culture at the advisor’s firm.
Moloney Securities Co. Inc., as the supervising broker-dealer, is required to monitor the activities of its representatives. Multiple client disputes may warrant further investigation into the firm’s oversight practices and procedures, making it important for investors to stay proactive.
How Haselkorn & Thibaut Can Help Investors
Haselkorn & Thibaut has more than 50 years of experience representing investors nationwide in cases involving financial losses due to negligence, unsuitable advice, and other sales practice violations. With a 98% success rate and millions recovered, their team’s approach is straightforward: no recovery, no fee.
If you or someone you know invested with John Patrick Shortal through Moloney Securities Co. Inc. and have concerns about recent losses or recommendations, you can schedule a free, confidential consultation with Haselkorn & Thibaut to discuss your options.
What to Do If You Have Concerns About Your Investments
- Review your investment statements for any transactions you do not understand.
- Reach out immediately if you notice unexpected losses or products you did not specifically request.
- Document any communications with your advisor or their staff regarding your account or concerns.
- Contact an independent investment fraud attorney to review your portfolio and your potential claims.
Steps Investors Can Take Today
- Stay informed: Understand the background of financial professionals before making investment decisions.
- Monitor your accounts: Watch for unusual activities or unexplained changes.
- Seek a second opinion: If you feel uncomfortable or have experienced losses, consulting a professional can provide peace of mind.
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Call Haselkorn & Thibaut at 1-888-885-7162 for a free, confidential review of your investments.
Key Takeaways for Investors Considering John Patrick Shortal or Moloney Securities Co. Inc.
- Multiple client complaints and arbitration claims have been reported against John Patrick Shortal.
- The supervising firm, Moloney Securities Co. Inc., is responsible for monitoring sales practices and client interactions.
- Red flags such as alleged negligence and unsuitable recommendations highlight the importance of vigilance when selecting an advisor.
Your investments are too important to leave to chance. If you suspect any impropriety or are seeking clarification about your advisor’s history, take the next step and have your portfolio reviewed by trusted professionals.
Haselkorn & Thibaut’s experience, track record, and investor-friendly approach can help you determine if you have a viable claim—at no cost unless a recovery is made.
Visit Haselkorn & Thibaut’s website for more information or call 1-888-885-7162 for a free consultation.
Your recovery and peace of mind are our top priorities. Get clarity on your investments today.
