Peter Douglas Monson (Peter Monson) – Financial Advisor/Broker Peter Monson Suspended from Securities Industry | Goodman & Nekvasil, P.A. May Recover Investor Losses
Peter Douglas Monson (Peter Monson) CRD #2203309
Peter Monson is a currently licensed financial advisor/broker with Van Clemens & Co. Incorporated. According to FINRA, Peter Monson was fined $7,500 and suspended from the securities industry for six months in March 2020.
According to FINRA Allegations:
Peter Monson consented to the sanctions and to the entry of findings that Peter Monson engaged in excessive and unsuitable trading in the Individual Retirement Account (IRA) of his customer. The findings stated that Peter Monson actively traded risky, microcap stocks in the customer’s account, even though the account value had declined by more than 60% since its inception and the customer was facing a serious illness. This decline resulted not only from investment losses and commissions charged for trades, but also from more than $138,000 in withdrawals that the customer used to help finance a family business. The findings also stated that when placing these trades in the customer’s account, Peter Monson regularly exercised discretion without the required authorization from either the customer or the firm for which he worked. Peter Monson also exercised discretion without written authorization when placing trades in the accounts of other customers.
Goodman & Nekvasil P.A. May Recover Investor Losses
If you lost money on investments with Peter Monson 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 Peter Monson’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 $180 million on behalf of victimized investors. If you lost money on investments with Peter Monson 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 3/17/2020 directly from FINRA BrokerCheck, without any changes. If you believe this information was reported incorrectly, please contact our firm at 1-800-500-4442.
Peter Monson, Financial Advisor, Broker, Unsuitable Investment Advice, Investment Fraud, Churning, Misrepresentation and Omission of Material Facts, Elder Fraud, Unauthorized Trading, Theft, Selling Away, Unapproved Outside Business, Nationwide, SEC, Financial Advisor, Broker, Peter Monson