Advisor Alert: Our Attorneys Are Investigating John William Carroll For Investment Fraud
Did You Lose Money Because of John Carroll?
Filed: February 2, 2024
John Carroll has been the subject of two (2) termination events and 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 John William Carroll.
Who Is John William Carroll?
- Advisor Name: John William Carroll
- Aliases: John Carroll
- CRD: 41769
- Location: Maumee, Ohio
- Current Employer: Currently Not Registered
- Previous Firms: Berthel, Fisher & Company Financial Services, Inc., Wachovia Securities, LLC, and First Union Capital Markets Corp.
- Number of Known Customer Complaints: 4
- Number of Known Termination Events: 2
- Can John Carroll Be Sued: Yes, in Private Arbitration
- Can John Carroll’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $553,033.74
- Highest Settlement: $13,298.57
If you have suffered investment losses by John Carroll, 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 Carroll For Broker Misconduct
As of this publication date, John Carroll has been the subject of 2 termination events, and 4 customer disputes. Let’s review them below.
In May 2020, a complaint was filed against or in reference to John Carroll by a customer of Berthel, Fisher & Company Financial Services, Inc. alleging that the investments made in 2008 & 2009 are unsuitable and is upset that they are illiquid.
In September 2018, a FINRA arbitration was filed against or in reference to John Carroll by a customer of Berthel, Fisher & Company Financial Services, Inc. alleging that the investments the client purchased between 2011 and 2015 were unsuitable and misrepresented to her by Mr. Carroll. The client also alleges the firm failed to supervise the actions of the representative. On April 23, 2021, Mr. Topper settled the claim for $25,000, and some or all of this amount may have been paid by Mr. Topper’s employer and/or insurance carrier.
In January 2018, Berthel, Fisher & Company Financial Services, Inc. terminated John Carroll for failure to follow firm policy regarding monitored email.
In December 2017, a complaint was filed against or in reference to John Carroll by a customer of Berthel, Fisher & Company Financial Services, Inc. alleging that Mr. Carroll’s advice and investment decisions have caused him financial distress. The client is upset that the representative allocated 90% of his portfolio into one investment which has not performed as he expected. Additionally, the client also alleges the firm failed to supervise the actions of the representative and that the representative received a higher than normal commission on his purchases.
In April 1992, Kemper Securities Group permitted John Carroll to resign.
In November 1988, a NYSE arbitration was filed against or in reference to John Carroll by multiple customers of Prudential Bache Securities Incorporated alleging that Mr. Carroll was responsible for investments in management accounts which were unsuitable. The clients also allege fraud and violation of securities laws. Per the customers, they lost over $553,033.74 because of Mr. Carroll’s actions. An arbitration panel found that John Carroll was negligent and awarded $13,298.57 in favor of the customers.
How To File A Claim Against John Carroll (previously with Berthel, Fisher & Company Financial Services, Inc., Wachovia Securities, LLC, and First Union Capital Markets Corp.) To Get Your Money Back
If you have questions about John Carroll, Berthel, Fisher & Company Financial Services, Inc., Wachovia Securities, LLC, First Union Capital Markets 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.