GOODMAN & NEKVASIL P.A, MAY RECOVER INVESTOR LOSSES – JOHN ROTHROCK MCKINSTRY JR. FIRED BY MOLONEY SECURITIES CO., INC.
From 2004 until his firing in 2015, John McKinstry Jr. was licensed with Moloney Securities Co., Inc. According to FINRA’s records, John McKinstry Jr. was fired by Moloney Securities Co., Inc. on August 7, 2015. Moloney Securities Co., Inc. reported to FINRA that John McKinstry Jr. was under internal review concerning customer complaints and FINRA cause examination.
Following John McKinstry Jr.’s discharge by Moloney Securities Co., Inc., FINRA investigated John McKinstry Jr. and brought a disciplinary action against John McKinstry Jr. John McKinstry Jr. was permanently barred from the securities and investment banking industry in April 2016. John McKinstry Jr. consented to findings that he violated FINRA rules by failing to continue to provide FINRA with information and documents and failed to appear for testimony during its investigation into whether John McKinstry Jr. had made unsuitable securities recommendations, misleading statements, and omissions.
FINRA reports that six arbitration claims were filed alleging negligence, unsuitable investments, misrepresentation, and breach of fiduciary duty by John McKinstry Jr., while John McKinstry Jr. was with Moloney Securities Co., Inc. These claims against John McKinstry Jr. were all settled, with the largest being for $110,000, $72,000 and $65,000. FINRA also reports that another arbitration involving John McKinstry Jr.’s conduct is pending with alleged damages of $348,151.
If you lost any money on investments with John McKinstry Jr. while he was employed with Moloney Securities Co., Inc. (Apr. 2004 – Aug. 2015), you may be able to recover your losses from Moloney Securities Co., Inc. This is because Moloney Securities Co., Inc. had a duty to supervise John McKinstry Jr.
We would like to discuss the possibility of your retaining our firm to represent you in an arbitration action against Moloney Securities Co., Inc. concerning John McKinstry Jr.’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 $170 million on behalf of victimized investors. If you lost money on investments with John McKinstry Jr. 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.