Advisor Alert: Our Attorneys Are Investigating John Charles Broughton For Investment Fraud
Did You Lose Money Because of John Broughton?
Filed: November 2, 2023
John Broughton currently has one (1) pending customer complaint. Overall, he has been the subject of (1) termination event, and five (5) 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 John Charles Broughton.
Who Is John Charles Broughton?
- Advisor Name: John Charles Broughton
- Aliases: John Broughton
- CRD: 2362478
- Location: Johnston, Rhode Island
- Current Employer: Currently Not Registered
- Previous Firms: Citizens Securities, Inc., Cetera Investment Services LLC, and LPL Financial LLC
- Number of Known Customer Complaints: 5
- Number of Known Termination Events: 1
- Can John Broughton Be Sued: Yes, in Private Arbitration
- Can John Broughton’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $160,000
- Highest Settlement: $5,752.41
If you have suffered investment losses by John Broughton, 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 John Broughton For Broker Misconduct
As of this publication date, John Broughton has been the subject of 1 termination event and 5 customer disputes. Let’s review them below.
In February 2022, a FINRA arbitration was filed against or in reference to John Broughton by a customer of LPL Financial LLC alleging that Mr. Broughton made a recommendation that he invest in and hold a closed-end fund and a business development company that was unsuitable for the customer’s risk tolerance and investment objectives in 2016. Per the customer, he/she lost over $160,000 because of Mr. Broughton’s actions.
In July 2020, a complaint was filed against or in reference to John Broughton by a customer of Cetera Investment Services LLC alleging that Mr. Broughton misrepresented the interest the client would receive from annuity and the fees charged. Per the customer, she lost over $5,000 because of Mr. Broughton’s actions.
In February 2000, a complaint was filed against or in reference to John Broughton by multiple customers of Natcity Investments, Inc. and Natcity Insurance Services, Inc. alleging that the customers purchased $30,000 of Duke Realty cumulative preferred (8.25%) which was enthusiastically recommended by Nat City despite the cash reserve and all disclosures when the principal declined. Per the customers, they lost over $5,752 because of Mr. Broughton’s actions. On May 23, 2000, Mr. Broughton settled the claim for $5,752.41, and some or all of this amount may have been paid by Mr. Broughton’s employer and/or insurance carrier.
In December 1999, a complaint was filed against or in reference to John Broughton by a customer of Natcity Investments, Inc. and Natcity Insurance Services, Inc. alleging misrepresentation in April 1999. Per the customer, he/she lost over $14,000 because of Mr. Broughton’s actions. On February 16, 2000, Mr. Broughton settled the claim for $5,269.60, and some or all of this amount may have been paid by Mr. Broughton’s employer and/or insurance carrier.
In November 1999, a complaint was filed against or in reference to John Broughton by a customer of Natcity Investments, Inc. alleging improper investment advice. Per the customers, they lost over $3,902.35 because of Mr. Broughton’s actions. On March 17, 2002, Mr. Broughton settled the claim for $3,902.35, and some or all of this amount may have been paid by Mr. Broughton’s employer and/or insurance carrier.
In November 1999, Natcity Investments terminated John Broughton for holding a customer check for $70,000 from October 28, 1999 to November 3, 1999.
How To File A Claim Against John Broughton (previously with Citizens Securities, Inc., Cetera Investment Services LLC, and LPL Financial LLC) To Get Your Money Back.
If you have questions about John Broughton, Citizens Securities, Inc., Cetera Investment Services LLC, LPL Financial LLC, 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.