Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker John Pronovost (Pronovost), currently associated with Osaic Institutions, INC., has at least one disclosable event. These events include one customer complaint, alleging that Pronovost 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 $500,000.00 on February 07, 2024.
The Statement of Claim alleges the financial professional recommended unsuitable investments given the client’s age and stated objectives. It is alleged that these recommendations resulted in significant losses to the client.