John D. Craft (John Craft) – Broker John Craft Suspended from Securities Industry | Goodman & Nekvasil, P.A. May Recover Investor Losses
John D. Craft (John Craft) CRD #1844174
John Craft was a previously licensed financial advisor with Trustmont Financial Group, Inc. and Cetera Financial Specialists LLC. According to FINRA, John Craft will be suspended from the securities industry for 2 months beginning in January 2021.
According to FINRA Allegations:
Craft consented to the sanctions and to the entry of findings that he effected transactions in a customer’s individual retirement account (IRA) based on instructions he received from the customer’s mother, without obtaining the customer’s prior authorization for the trades or a power of attorney authorizing the customer’s mother to direct trading in the customer’s IRA. The findings stated that Craft executed trades, with a total value of approximately $20,333 in the customer’s IRA. These trades included stock sales liquidating all investments in the customer’s IRA, which generated approximately $10,000 in proceeds that were distributed out of the account.
Goodman & Nekvasil P.A. May Recover Investor Losses
If you lost money on investments with John Craft 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 Craft’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 Craft 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 12/24/2020 directly from FINRA BrokerCheck, without any changes. If you believe this information was reported incorrectly, please contact our firm at 1-800-500-4442.