The securities and investment fraud law firm Fitapelli Kurta is interested in speaking to investors who have complaints regarding Tennessee-based Raymond James broker/adviser John Verble (CRD# 3197928).
John Verble has spent sixteen years in the securities industry and has been registered with Raymond James & Associates in Knoxville, Tennessee since 2013. Previous registrations include Morgan Stanley in Knoxville, Tennessee (2009-2013); Citigroup Global Markets in Knoxville, Tennessee (2006-2009); and Morgan Stanley DW in Knoxville, Tennessee (1999-2006). Mr. Verble is a broker and investment adviser registered in nineteen US states, including Arizona, Florida, Illinois, Ohio, Pennsylvania, Tennessee, Texas, and Virginia.
According to his BrokerCheck report, John Verble is the subject of two customer complaints and was discharged from his position at Morgan Stanley.
In 2013 John Verble was terminated by Morgan Stanley following allegations he accepted funds from a third party in violation of the firm’s compensation policy.
In 2011 a customer alleged John Verble, while employed at Citigroup Global Markets and Morgan Stanley, breached his fiduciary duty, breached contract, engaged in negligent misrepresentation, violated the Tennessee Consumer Protection Act, and committed promissory estoppel when he failed to secure increased insurance coverage for the customer. The complaint resulted in an award to the customer of $390,000.
In 2005 a customer alleged John Verble, while employed at Morgan Stanley DW, recommended unsuitable investments and improperly established a margin account. The complaint settled for $9,999.
Both FINRA rules and federal securities law states brokers like John Verble to a standard called suitability, meaning they must recommend only investments that are suitable for their clients. When deciding whether an investment is suitable, brokers must take into account the client’s investment goals, experience, age, income, and many other factors. Brokerage firms have a duty to supervise their representatives and ensure compliance with state and federal regulations. Brokers and firms who recommend unsuitable investments may be subject to disciplinary action by FINRA or the Securities and Exchange Commission.
If you or someone you know has a complaint regarding stockbroker, John Verble, call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. You may be able to recoup losses. Fitapelli Kurta accepts every case on contingency: you will only pay us if and when you collect money. Time to file your claim may be limited, so we recommend you avoid delay. Call 877-238-4175 now to speak to an attorney for free.