Advisor Alert: Our Attorneys Are Investigating John Michael Horseman For Investment Fraud
Did You Lose Money Because of John Horseman?
Filed: November 2, 2023
John Horseman 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 John Michael Horseman.
Who Is John Michael Horseman of AW Securities and Allworth Financial, L.P.?
- Advisor Name: John Michael Horseman
- Aliases: John Horseman
- CRD: 851636
- Location: St. Louis, Missouri
- Current Employer: of AW Securities and Allworth Financial, L.P.
- Previous Firms: LPL Financial LLC and National Planning Corporation
- Number of Known Customer Complaints: 4
- Can John Horseman Be Sued: Yes, in Private Arbitration
- Can John Horseman’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $300,000
- Highest Settlement: $50,000
If you have suffered investment losses by John Horseman, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining a stockbroker 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 Horseman For Broker Misconduct
As of this publication date, John Horseman has been the subject of 4 customer disputes. Let’s review them below.
In April 2019, a complaint was filed against or in reference to John Horseman by a customer of National Planning Corporation alleging that reit purchased in 2008 had not performed as Mr. Horseman had predicted, and sought recovery of some of his investment losses.
In April 2013, a NASD arbitration was filed against or in reference to John Horseman by a customer of National Planning Corporation alleging poor recommendation resulting in poor performance and failure to disclose fees and commissions.
In April 2006, a NASD arbitration was filed against or in reference to John Horseman by a customer of PSI alleging that in 1997, the client purchased variable annuities that declined in value after he moved investments to another brokerage firm. Per the customer, he lost over $300,000 because of Mr. Horseman’s actions. On June 26, 2006, Mr. Horseman settled the claim for $50,000, and some or all of this amount may have been paid by Mr. Horseman’s employer and/or insurance carrier.
In March 2005, a NASD arbitration was filed against or in reference to John Horseman by a customer of UBS Financial Services Inc. alleging that two variable annuities purchased on or about December 31, 1999 were unsuitable. Per the customer, he/she lost over $100,000 because of Mr. Horseman’s actions. On October 11, 2005, Mr. Horseman settled the claim for $18,000, and some or all of this amount may have been paid by Mr. Horseman’s employer and/or insurance carrier.
How To File A Claim Against John Horseman of AW Securities and Allworth Financial, L.P. (previously with LPL Financial LLC and National Planning Corporation) To Get Your Money Back.
If you have questions about John Horseman, AW Securities, Allworth Financial, L.P., LPL Financial LLC, National Planning Corporation, 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.