Public records published by the Financial Industry Regulatory Authority (FINRA) on June 16, 2016 indicate that former Colorado-based Wilbanks Securities broker John Stevens is currently not licensed to act as a broker or an investment adviser. The securities and investment fraud law firm Fitapelli Kurta is investigating allegations of misconduct against Mr. Stevens (CRD# 2743760).
John Stevens has spent 17 years in the securities industry and was most recently registered with Wilbanks Securities in Grand Junction, Colorado (2006-2014). Previous registrations include Walnut Street Securities in El Segundo, California (1999-2006); Fortis Investors in Oakdale, Minnesota (1997-1999); and W.S. Griffith & Company in Hartford, Connecticut (1996-1997). He is currently not registered with any state or firm.
According to his BrokerCheck report, John Stevens is the subject of one customer complaint and three pending customer complaints, and was discharged from his position at Wilbanks Securities.
In February 2016, a customer alleged John Stevens, while employed at Wilbanks Securities, misrepresented the features of a variable annuity, causing the customer to suffer damages. The customer is seeking $300,000 in damages in the pending complaint.
In January 2016, a customer alleged John Stevens, while employed at Wilbanks Securities, misrepresented material facts related to a variable annuity. The customer is seeking $600,000 in damages in the pending complaint.
In 2014, John Stevens was terminated from his position at Wilbanks Securities following allegations he “put individuals into a non-approved secured notes investment program without notice to or approval from the firm,” and used a “non-approved email platform for securities business, with which he guaranteed a client against loss.”
In 2014, a customer alleged John Stevens, while employed at Wilbanks Securities, misrepresented material facts associated with an investment in an oil and gas partnership. The customer is seeking $1,465,000 in damages in the pending complaint.
In 2001, a customer alleged John Stevens, while employed at Wilbanks Securities, failed to timely liquidate an account and to transfer funds to another account. The complaint settled in 2002 for $8,000.
If you have lost money investing with John Stevens, you may be entitled to recover your losses. Call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. All cases are taken on a contingency basis, which means 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.