FINRA Permanently Barred Broker John Heath

John Heath

Public records published by the Financial Industry Regulatory Authority (FINRA) on February 24, 2017 indicate that former Minnesota-based Independent Financial Group broker/adviser John Heath has been permanently barred from acting as a broker or otherwise associating with firms that sell securities to the public. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Heath (CRD# 2331052).

John Heath has spent 22 years in the securities industry and was most recently registered with Independent Financial Group in Bloomington, Minnesota (2011-2016). Previous registrations include QA3 Financial Group in Bloomington, Minnesota; Royal Alliance Associates in New York, New York; and Gardner Financial Services in Minneapolis, Minnesota. He has passed three securities industry examinations: Series 63 (Uniform Securities Agent State Law Examination); Series 7 (General Securities Representative Examination); and Series 24 (General Securities Principal Examination). He is currently not registered with any state or firm.

According to his BrokerCheck report, he has received one regulatory sanction, one pending regulatory complaint, and one pending customer complaint.

In April 2016 a customer alleged John Heath, while employed at Independent Financial Group, recommended unsuitable investments. The customer is seeking unspecified damages in the pending complaint.

In April 2016 FINRA sanctioned John Heath following allegations he failed to respond to FINRA request for information. He was permanently barred from acting as a broker or otherwise associating with firms that sell securities to the public

In March 2016 he was discharged from his position at Independent Financial Group following allegations wrongfully took funds.

In February 2016 the State of Minnesota Department of Commerce named John Heath respondent in a complaint alleging he “engaged in dishonest and deceptive activities related to one client’s funds.” The complaint remains pending.

If you or someone you know has complaints regarding John Heath, call the experienced attorneys at Fitapelli Kurta at 877-238-4175 for a free consultation. You may be entitled to recover lost funds. All cases are taken on contingency: we only receive payment if and when you collect money. Time to file your claim may be limited, so we suggest you avoid delay. Call 877-238-4175 now to speak to an attorney for free.