Imagine walking in a monetary minefield, with every investment choice akin to stepping forward. Who would you rely on to guide you safely across? Your financial advisor, right? But, what if that particular guide is accused of leading investors astray? This isn’t just a hypothetical scenario; it’s an actual story relating to Mesa, Arizona-based financial advisor, John Drabek (CRD# 1335813).
Allegations Against John Drabek
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Recently, an investor lodged a complaint against Drabek, alleging he made inappropriate investment advice. His affiliations are with Calton & Associates and he operates not just from Arizona but is also registered with the firm’s offices in Tampa, Florida, and East Lyme, Connecticut.
A Deeper Dive Into the Complaints
Records from Financial Industry Regulatory Authority indicate that this is not the first complaint against Mr. Drabek. Turning back the metaphorical pages of his BrokerCheck report, we find two investor complaints against him.
- The recent claim, filed in July 2023, asserts Drabek advised unsuitable investments in Griffin Realty Trust and CIM Real Estate Finance Trust as a Calton & Associates representative. The complaint argues damages of $200,000.
- A previous complaint from 2012 alleged that Drabek didn’t meet his supervisory obligations, acted negligently, endorsed unsuitable real estate securities, provided false information, and breached a contract. This case concluded with a settlement of $24,000 in 2013.
The Other Side of The Story
Drabek, of course, holds a different perspective. He denies these allegations, offering an insight into his interactions with the claimant’s husband, who he describes as an ‘intelligent and sophisticated investor’. He asserts that the couple was thoroughly aware of the potential and risks associated with the investments, choosing consciously to invest their money.
The Man At The Heart Of The Controversy
With 37 years of experience in the securities industry, Drabek has been a broker since 2010 and an investment advisor since 2022 with Calton & Associates. His background shows ties with numerous firms, a diverse history marked by five qualifying exams passed, and licenses in multiple states. His imposing professional story appears at striking odds with the allegations against him.
Where To Turn?
Investing capital can often feel like treading on thin ice, requiring sophisticated knowledge, and careful decision-making. When you feel like your so-called guide has failed you, what recourse do you have?
This is where Haselkorn & Thibaut, an organization specializing in assisting investors nationwide with claims against financial advisors and investment firms, steps in. If you, or someone close to you, have experienced investment losses, reach out to us using our toll-free number, 1-800-856-3352, or express your concerns explicitly through our contact form.
We offer a confidential, no-obligation consultation to hear your story and guide you through the pros and cons of pursuing your claim. You rely on us, and we’re here to stand by your side and help you navigate these muddy investment waters.
