Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Justin Limmer (Limmer), previously associated with M. S. Howells & CO., has at least one disclosable event. These events include one customer complaint, alleging that Limmer 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 $60,265.77 on February 19, 2022.
ON FEBRUARY 19, 2022, [REDACTED] COMPLAINED THAT HIS ACCOUNTS HAD SIGNIFICANTLY DECLINED IN VALUE. [REDACTED] HAD A CONSERVATIVE INVESTMENT OBJECTIVE, LOW RISK TOLERANCE AND LIMITED INVESTMENT KNOWLEDGE. THE REGISTERED REPRESENTATIVE, MR. LIMMER, INVESTED THE CLIENT’S ACCOUNTS IN SMAs WITH AN UNDERLYING TACTICAL BOND FUND THAT DECLINED IN VALUE DUE TO MARKET VOLATILITY. THE INVESTMENT ADVISORY FIRM HE WAS ASSOCIATED WITH MADE A BUSINESS DECISION TO COMPENSATE THE CLIENT $60265.77 FOR HIS LOSSES RATHER THAN INCUR EXTENSIVE LITIGATION COSTS.