Haselkorn & Thibaut, P.A., operating as Investment Fraud Lawyers, has opened an investigation into the professional conduct and disclosure history of John Michael McArthur (CRD #4389397). Our objective is to assist investors in understanding possible risks, unresolved complaints, and critical disclosure details involving this financial advisor registered with Saxony Securities, Inc. in Missouri and Krilogy as his Registered Investment Adviser (RIA). We regularly help clients nationwide, leveraging our firm’s 98% success rate and 95+ years of combined securities law experience to maximize recovery of investment losses. If you entrusted your funds to John McArthur or have concerns, we encourage you to continue reading and consider a free, no-obligation consultation by calling 1-888-885-7162.
Who Is John Michael McArthur (CRD #4389397)?
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John McArthur is an experienced financial advisor active in St. Louis, Missouri, registered as a broker with Saxony Securities, Inc. and as an investment adviser representative of Krilogy. According to his FINRA BrokerCheck profile, he holds Series 7, 31, 63, and 65 licenses and has worked in the securities industry since 2001. His prior affiliations include Purshe Kaplan Sterling Investments, Morgan Stanley Smith Barney, and A.G. Edwards & Sons, Inc.
Investor Complaint Summary: $1,000,000 Claim Tied to Private Securities
Our review of John McArthur’s BrokerCheck report as of June 18, 2026, revealed a pending customer dispute—the most consequential red flag facing his record to date:
- Date Reported: April 21, 2026
- Allegation: The customer claims McArthur recommended private securities through his registered investment adviser role. The investments are alleged to have been unsuitable and misrepresented.
- Damages Sought: $1,000,000
- FINRA Forum: FINRA arbitration, Docket #26-00778
- Product: Private securities
McArthur, in his BrokerCheck response, states he is not named as a party or respondent and denies all wrongdoing. Nonetheless, the dispute remains active and unresolved.
Red Flags & What Investors Need to Know
A pending customer dispute for such a significant sum raises immediate concerns about suitability, transparency, and adherence to securities regulations. Our attorneys have seen that, especially with private securities, there may be:
- Complex products that carry higher risk
- Difficulties in fully understanding or evaluating underlying risks
- An increased possibility of misrepresentation or incomplete disclosures
When financial professionals recommend private placements or similar products, regulatory oversight and due diligence are critical. Any hint of misrepresentation or unsuitability places your investments—and your recovery—at risk.
Relevant Regulatory Standards: FINRA Rule 2111, 2020, and Regulation Best Interest
The pending dispute involves potentially serious suitability and misrepresentation allegations. Key regulatory standards include:
| Rule | Description | Implications |
|---|---|---|
| FINRA Rule 2111 | Requires advisors to have a reasonable basis for investment recommendations. Each recommendation must align with the investor’s needs and financial situation. | If a product was unsuitable, investors may be eligible for recovery. |
| FINRA Rule 2020 | Prohibits manipulative or deceptive conduct when selling securities. Misrepresentations or omissions can violate this rule. | Misleading recommendations may entitle harmed investors to seek remedies. |
| Regulation Best Interest (Reg BI) | Mandates that broker-dealers act in the investor’s best interest, disclosing key facts, minimizing conflicts, and considering alternatives. | Strengthens your right to transparency and fair dealing. |
Comprehensive List of Complaints & Disclosures for John Michael McArthur
As of our June 2026 review of public databases:
- One pending customer dispute alleging unsuitable recommendations and misrepresentation of private securities ($1,000,000 at issue)
- No resolved customer complaints or past arbitration claims
- No FINRA or SEC disciplinary actions
- No regulatory orders, sanctions, civil or criminal actions
- No cease-and-desist or administrative proceedings by the SEC
- No bankruptcies, liens, or other negative financial disclosures
- No investor alerts, major media coverage, or official grievances beyond the current arbitration
It is important to understand that regulatory records can change. For the most current status, investors should perform updated searches using CRD #4389397 via FINRA BrokerCheck and the SEC’s EDGAR database. Our attorneys conduct these due diligence steps for every client we represent, ensuring no stone is left unturned in pursuit of recovery.
Understanding Private Securities Risks
Private securities are not traded on public exchanges. They may offer high returns but come with heightened risks, such as:
- Lack of transparency
- Limited liquidity—making it harder to recover funds if you need to sell
- Higher fees or commissions—potential conflicts of interest for advisors
- Lower regulatory oversight compared to traditional, publicly traded investments
Advisors are required to properly vet, disclose, and match these products to your unique investment profile. If you experienced losses due to unsuitable or misrepresented private investments, regulatory remedies may be available.
Your Rights as an Investor: What To Do If Concerned
As former Wall Street defense attorneys, we employ our insider knowledge to fight for investors who have been misled or financially harmed. Our firm operates on a no recovery, no fee basis—your interests come first. If you:
- Invested in private securities through John McArthur
- Have reason to believe your account was mishandled or risks were not fully explained
- Have experienced unexpected losses tied to unsuitable recommendations
We encourage you to seek guidance promptly. Securities arbitration has strict deadlines. Our Super Lawyers-designated team offers straightforward, actionable advice and an assessment of your case at no charge.
Why Trust Our Firm to Pursue Your Recovery?
- 98% success rate across hundreds of investor claims
- Over 95+ years of combined securities law experience
- $520+ million involved in past securities matters
- Top 2% peer-reviewed (Martindale-Hubbell AV Preeminent), Super Lawyers selected, and 5.0-star client reviews
- No recovery, no fee—pay nothing unless we recover for you
Contact Us For a Free Investor Consultation
Our attorneys are committed to helping you recover losses and move forward with confidence. If you have concerns about John Michael McArthur, Saxony Securities, Inc., or any private investment, reach out now for a confidential and free case assessment—call us direct at 1-888-885-7162. We answer your questions and explain your most powerful next steps, with the full weight of our expertise on your side.
