John Braddock – Financial Advisor/Broker Suspended from Securities Industry | Recover Investment Losses

John Braddock – Financial Advisor/Broker Suspended from Securities Industry | Goodman & Nekvasil P.A., May Recover Investor Losses

John Braddock a/k/a John Carter Braddock CRD #1282733

John Braddock a/k/a John Carter Braddock is a previously licensed financial advisor/broker with Lakeridge Capital Inc.

According to FINRA, John Braddock was suspended from the securities industry for 5 months in June 2021.

According to FINRA Allegations:

Braddock consented to the sanction and to the entry of findings that he prepared and distributed a private placement memorandum that negligently misrepresented and omitted facts relevant to an investment in a private placement. The findings stated that Braddock solicited prospective investors to purchase equity interests in a private placement of a company whose business purpose was to export beverages from the United States to foreign markets. Braddock, as the export company’s founder, chairman and chief executive officer, prepared the memorandum for the offering, which was reviewed and approved by his member firm. The memorandum failed to disclose that Braddock had previously declared bankruptcy and entered into a debt reorganization and repayment plan that was confirmed prior to when he began soliciting investors. Given other statements in the memorandum regarding his financial background, Braddock’s bankruptcy filing was a material fact that should have been disclosed to investors. In addition, the memorandum negligently misstated that another company owned and controlled by Braddock had invested a portion of its earnings, including working capital, into the export company. In fact, the other company had not invested any cash into the export company. The earnings and working capital reflected, instead, Braddock’s estimate of the value of work that the other company had performed prior to the export company’s formation, which Braddock believed were of value to the export company’s business. Characterizing the value of such work as earnings and working capital was misleading because it gave investors inaccurate information.

Goodman & Nekvasil, P.A. May Recover Investor Losses:

If you lost money on investments with John Braddock and believe the investments may have been unsuitable or otherwise improper for you, we would like to discuss the possibility of your retaining our firm to represent you in an arbitration action concerning John Braddock’s conduct. There is no charge for an evaluation of your case. Further, we handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee. Unless you recover any money, you pay us nothing, not even the costs and expenses which the firm will advance on your behalf.

Kalju Nekvasil, Esq., formerly regional counsel with the NASD, now known as FINRA, has practiced in this area of the law for more than 35 years. Goodman & Nekvasil, P.A. has recovered more than $200 million on behalf of victimized investors. If you lost money on investments with John Braddock and would like your case evaluated by a securities attorney (again, there is no charge for an evaluation and all cases are handled on a purely contingency fee basis), please contact us.

 

Some of the information in this blog post was obtained on 9/7/2021 directly from FINRA BrokerCheck, without any changes. If you believe this information was reported incorrectly, please contact our firm at 1-800-500-4442.

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