April 10, 2016-New York, NY
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
FINRA records are public and can be accessed on the BrokerCheck website.
The FINRA records of Woodstock Financial Group stockbroker John M. Tinnelly report that he has recently been named in two pending customer disputes:
- FINRA Case 15-0736- customer alleges churning, unsuitable investment recommendations, misrepresentation and breach of contract. Damages are alleged to be $168,924.
- FINRA Case 15-0458-customer alleges churning, excessive commissions, quantitative unsuitable trading, unauthorized trading, fraud and other claims. Damages are alleged to be !118,375.
Tinnelly’s FINRA record reports six prior customer disputes that have been settled, including:
- FINRA Case @13-02289 where a customer alleged undisclosed markups/markdowns, fraud, breach of fiduciary duty, and unscrupulous trading and churning. That case was settlement for $125,000.
Tinnelly is currently employed by Woodstock Financial Group.
If you have losses in an account handled by John M. Tinnelly contact us to learn how you may be able to recover damages from his employer.
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.
Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
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