Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker John Hose (Hose), currently associated with Madison Avenue Securities, LLC, has at least one disclosable event. These events include one customer complaint, alleging that Hose 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 $20,000.00 on November 16, 2022.
Customer alleges that in early March 2022, he was pressured by Representative to make a partial withdrawal/transfer from a fixed annuity into a managed account portfolio. On March 23, 2022, when the customer changed his mind about the managed account portfolio, Representative offered to reimburse customer for any declines in value experienced by the customer in the managed portfolio within the first six months of the investment. (March 23, 2022 – September 23, 2022)