Advisor Alert: Our Attorneys Are Investigating J. Craig McIlroy For Investment Fraud
Did You Lose Money Because of J. Craig McIlroy?
Filed: March 20, 2024
Craig McIlroy currently has one (1) pending customer complaint. Overall, he has been the subject of four (4) customer complaints. As an investor, you may be entitled to compensation for losses accrued due to mismanagement of your investments.
Let’s begin our Patil Law Advisor Alert with a summary report on J. Craig McIlroy.
Who Is J. Craig McIlroy of Lincoln Financial Advisors Corporation?
- Advisor Name: J. Craig McIlroy
- Aliases: J. Craig McIlroy
- CRD: 1422508
- Location: Denver, Colorado
- Current Employer: Lincoln Financial Advisors Corporation
- Previous Firms: The Lincoln National Life Insurance Company, Cigna Financial Advisors, Inc., and Mony Securities Corp.
- Number of Known Customer Complaints: 4
- Can J. Craig McIlroy Be Sued: Yes, in Private Arbitration
- Can J. Craig McIlroy’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $200,000
- Highest Settlement: $1,179,426
If you have suffered investment losses by J. Craig McIlroy, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining an investment fraud lawyer. Reach out to the legal team at Patil Law, P.C. via the secure online form or call the firm directly toll-free at 1-800-950-6553.
Customer Complaints Filed Against J. Craig McIlroy For Broker Misconduct
As of this publication date, J. Craig McIlroy has been the subject of 4 customer disputes. Let’s review them below.
In February 2024, a FINRA arbitration was filed against or in reference to J. Craig McIlroy by a customer of Lincoln Financial Advisors Corporation alleging that Mr. McIlroy recommended an unsuitable Oil & Gas investment. Per the customer, he/she lost over $50,000 because of Mr. McIlroy’s actions. As of this publication date, this claim remains pending.
In December 2022, a FINRA arbitration was filed against or in reference to J. Craig McIlroy by a customer of Lincoln Financial Advisors Corporation alleging that Mr. McIlroy recommended an unsuitable investment in an Oil & Gas program. Per the customer, he/she lost over $200,000 because of Mr. McIlroy’s actions. On August 17, 2023, Mr. McIlroy settled the claim for $133,500, and some or all of this amount may have been paid by Mr. McIlroy’s employer and/or insurance carrier.
In December 2011, a FINRA arbitration was filed against or in reference to J. Craig McIlroy by a customer of Lincoln Financial Advisors alleging that the investment purchased in October 2008 was represented as being safe and consistent with her low-risk tolerance but its true nature and risks were not disclosed and it is unsuitable. On June 19, 2012, Mr. McIlroy settled the claim for $228,786, and some or all of this amount may have been paid by Mr. McIlroy’s employer and/or insurance carrier.
In February 2011, a FINRA arbitration was filed against or in reference to J. Craig McIlroy by multiple customers of Lincoln Financial Advisors alleging that the investments purchased in 2008 – 2010 were represented as being consistent with their desire for a low-risk, conservative, income-producing investment but the actual strategy and risks associated with the investment were not fully disclosed and explained. On June 19, 2012, Mr. McIlroy settled the claim for $1,179,426, and some or all of this amount may have been paid by Mr. McIlroy’s employer and/or insurance carrier.
How To File A Claim Against J. Craig McIlroy of Lincoln Financial Advisors Corporation (previously with The Lincoln National Life Insurance Company, Cigna Financial Advisors, Inc., and Mony Securities Corp.) To Get Your Money Back
If you have questions about J. Craig McIlroy, Lincoln Financial Advisors Corporation, The Lincoln National Life Insurance Company, Cigna Financial Advisors, Inc., Mony Securities Corp., or the management or performance of your accounts, please contact Attorney Patil for a free initial consultation via email or toll-free at 1-800-950-6553.