Jack McBride Was Named in a FINRA Investigation

Jack McBridePublicly available records provided by the Financial Industry Regulatory Authority (FINRA) and accessed on September 7, 2017 indicate that Michigan-based Wunderlich Securities broker/adviser Jack McBride has received customer disputes and was recently named in a FINRA investigation. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. McBride (CRD# 2517946).

Jack McBride has spent 22 years in the securities industry and has been registered with Wunderlich Securities in Birmingham, Michigan since 2014. Previous registrations include Ameriprise Financial Services in Farmington Hills, Michigan (2009-2014) and Ameriprise Advisor Services in West Bloomfield, Michigan (1994-2009). He has passed four securities industry examinations: Series 65 (Uniform Investment Adviser Law Examination); Series 63 (Uniform Securities Agent State Law Examination); Series 7 (General Securities Representative Examination); and Series 8 (General Securities Sales Supervisor Examination [Options Module & General Module]). He is a registered broker and investment adviser with 17 US states and territories: Arkansas, California, Colorado, Connecticut, Florida, Georgia, Illinois, Iowa, Michigan, Minnesota, New Hampshire, New York, North Carolina, Ohio, South Carolina, Vermont and Wisconsin.

According to his BrokerCheck report, he has received two customer complaints, was recently named in two FINRA investigations, and was discharged from a former employer.

In July 2017, he was named in a FINRA investigation “into the failure to file on form U4, the February 23, 2017 Wells Notice.” His note on the disclosure states: “I believe this was a failure of the home office to file, as they were notified of the requirement, by me, on February 27, 2017.” The investigation remains pending.

In February 2017, he was named in a FINRA investigation “into termination of registered representative from his previous firm, under allegations of settlement in the field and soliciting of prohibited securities.” The investigation remains pending.

In 2015 a customer alleged Jack McBride, while employed at Ameriprise Financial Services, recommended unsuitable investments in inverse-leveraged exchange-traded funds as well as precious metals and mining/natural resources ETFs that resulted in losses. The complaint settled in 2016 for $100,000.

In 2015 a customer alleged Jack McBride, while employed at Ameriprise Financial Services, mismanaged the account. The complaint settled for $290,000.

In 2014, he was terminated from his position at Ameriprise Financial Services following allegations of “violation of company policy related to settlement in the field and solicitation of prohibited securities.”

If you or someone you know has lost money investing with Jack McBride, call Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup your losses. Fitapelli Kurta accepts all cases on a contingency basis: we only get paid if and when you collect money. Time to file your claim may be limited, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.

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