John J. Maloney III (John Maloney) – Customer Disputes Filed Alleging Sales Practice Violations Against Financial Advisor/Broker John Maloney | Goodman & Nekvasil P.A., May Recover Investor Loss
John J. Maloney III (John Maloney) CRD #726108
John Maloney is a currently licensed financial advisor/broker with Woodbury Financial Services, Inc. John Maloney was a previously licensed financial advisor with Edward Jones. According to John Maloney’s BrokerCheck Report, three customer disputes have been recently filed alleging sales practice violations against John Maloney.
Customer Dispute (11/16/2017): Allegations against John Maloney include misrepresentation, suitability, breach of fiduciary duty, breach of contract, negligence, and churning. This customer dispute settled for $300,000.
Customer Dispute (9/8/2017): Customers allege that John Maloney recommended unsuitable investment, specifically the investment purchase of FireEye. This customer dispute settled for $165,000. John Maloney contributed $50,000 towards this settlement.
Customer Dispute (8/2/2016): Customers allege that John Maloney’s recommendations to purchase individual equites were unsuitable. This customer dispute settled for $132,500.
According to John Maloney’s BrokerCheck Report, John Maloney was discharged from Edward Jones in May 2016. According to the allegations, John Maloney was discharged because he did not adhere to Edward Jones’s policy regarding Suitability of Recommendations.
Goodman & Nekvasil P.A. May Recover Investor Losses
If you lost any money on investments with John Maloney, you may be able to recover your losses. If you lost money on investments with John Maloney and believe that 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 Maloney’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.
Goodman & Nekvasil, P.A. has recovered more than $180 million on behalf of victimized investors. If you lost money on investments with John Maloney 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 9/1/20 directly from FINRA BrokerCheck, without any changes. If you believe this information was reported incorrectly, please contact our firm at 1-800-500-4442.