Goodman & Nekvasil P.A, May Recover Investor Losses – John L Shockey (John Shockey) Suspended from Securities Industry and Resigned from Merrill Lynch, Pierce, Fenner & Smith Incorporated
From 2005 until John Shockey’s resignation in 2014, John Shockey was licensed with Merrill Lynch, Pierce, Fenner & Smith Incorporated. John Shockey was then licensed with Summit Brokerage Services, Inc. According to FINRA’s records, John Shockey resigned from Merrill Lynch, Pierce, Fenner & Smith Incorporated on March 20,2014. Merrill Lynch, Pierce, Fenner & Smith Incorporated reported to FINRA that John Shockey resigned after being accused of conduct including referring or facilitating the sale of investments away from the firm, and engaging in unapproved outside business activities.
Subsequent to John Shockey’s resignation, FINRA brought a disciplinary action against John Shockey. John Shockey consented to a 1-year suspension, a $15,000 monetary fine and $70,070 in disgorgement. John Shockey consented to the entry of findings that John Shockey participated in private securities transactions in Miami International Holdings, Inc. (“MIH”), the parent holding company of the MIAX Options Exchange, without providing prior written notice to his firm. The findings state that John Shockey facilitated sales of shares of a company to individuals by selling shares he owned or referring customers to the company directly.
If you lost any money on investments with John Shockey, including investments in Miami International Holdings, Inc. (“MIH”), you may be able to recover your losses from Merrill Lynch, Pierce, Fenner & Smith Incorporated and/or Summit Brokerage Services, Inc. This is because Merrill Lynch, Pierce, Fenner & Smith Incorporated and Summit Brokerage Services, Inc. had a duty to supervise John Shockey.
If you lost money on investments with John Shockey, including investments in Miami International Holdings, Inc. (“MIH”), 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 against Merrill Lynch, Pierce, Fenner & Smith Incorporated and/or Summit Brokerage Services, Inc. concerning John Shockey’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 $300 million on behalf of victimized investors. If you lost money on any investments with John Shockey, including investments in Miami International Holdings, Inc. (“MIH”), 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.
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