Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker John Cervantes (Cervantes), currently associated with Prospera Financial Services, INC., has at least one disclosable event. These events include one customer complaint, alleging that Cervantes recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.
FINRA BrokerCheck shows a settled customer complaint with a damage request of $100,000.00 on July 29, 2021.
Customer alleges breach of fiduciary duty, contract, and negligence, as well as overall negligence and misrepresentation in the liquidation transactions of her CSX and FB positions since coming to Prospera in Dec 2019 after she alleges she explicitly told the Reps not to touch these positions. She is asking for $100k plus interest and legal fees.