News has surfaced concerning a serious allegation against a registered representative, John Starke, who is currently under investigation by Haselkorn & Thibaut. The allegation revolves around unsuitable and illiquid investments recommended by Starke to his clients during the 2015-2017 period. These investments, according to his clients, performed poorly, causing a significant financial loss amounting to $75,000. The case is now pending as a customer dispute.
The Allegation in Simple Terms
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In layman’s terms, the clients allege that the investments recommended by Starke were not suitable for them and were illiquid, meaning they could not be easily sold or exchanged for cash without a substantial loss in value. Furthermore, these investments performed poorly, leading to a substantial financial loss for the clients. This type of allegation is a serious matter in the financial industry, as it involves the trust clients place in their advisors to make sound and suitable investment decisions on their behalf.
John Starke, who was associated with Centaurus Financial, Inc. from June 26, 2015, to the present, and with Newbridge Financial Services Group, Inc. from February 9, 2006, to May 10, 2010, has denied any wrongdoing. He asserts that the allegations are completely without merit and that the investments were suitable based on the clients’ objectives, goals, and financial circumstances. He further states that the investments were recommended only after the clients reviewed all material documentation related to the investment and confirmed in writing that they fully understood the characteristics and risks of the investments.
How FINRA Arbitration Can Help
For investors who find themselves in a similar situation, FINRA Arbitration is a tool that can be used to help recover losses. The Financial Industry Regulatory Authority (FINRA) is a non-governmental organization that regulates member brokerage firms and exchange markets in the United States. Through FINRA Arbitration, investors can file claims against their brokers or brokerage firms to recover losses resulting from unsuitable investments, fraud, or other misconduct.
The Role of Haselkorn & Thibaut
Haselkorn & Thibaut, a national investment fraud law firm with offices in Florida, New York, North Carolina, Arizona, and Texas, is currently investigating the allegations against John Starke and the involved companies. With over 50 years of experience in the field, Haselkorn & Thibaut has a successful track record of financial recoveries for investors, boasting a 98% success rate.
The firm is offering a free consultation to clients who may have been affected by this case or similar cases. They can be reached at 1-800-856-3352. Importantly, Haselkorn & Thibaut operates on a “No Recovery, No Fee” policy, meaning clients will not be charged unless the firm successfully recovers their losses.
This case serves as a reminder of the importance of vigilance when it comes to investing. Investors are encouraged to thoroughly understand any investment before making a commitment and to seek professional advice when necessary.
