Advisor Alert: Our Attorneys Are Investigating John Edward Massa For Investment Fraud
Did You Lose Money Because of John Massa?
Filed: November 15, 2023
John Massa has been the subject of one (1) termination event and eight (8) 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 Edward Massa.
Who Is John Edward Massa?
- Advisor Name: John Edward Massa
- Aliases: John Massa
- CRD: 2120585
- Location: Staten Island, New York
- Current Employer: Currently Not Registered
- Previous Firms: Cetera Investment Services LLC and Capital One Investment Services LLC
- Number of Known Customer Complaints: 8
- Number of Known Termination Events: 1
- Can John Massa Be Sued: Yes, in Private Arbitration
- Can John Massa’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $75,000
- Highest Settlement: $85,000
If you have suffered investment losses by John Massa, 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 Massa For Broker Misconduct
As of this publication date, John Massa has been the subject of 1 termination event and 8 customer disputes. Let’s review them below.
In April 2023, a complaint was filed against or in reference to John Massa by a customer of Cetera Investment Services LLC alleging that Mr. Massa told the client that he would not lose money and that the investment was not tied to the stock market.
In July 2021, a FINRA arbitration was filed against or in reference to John Massa by a customer of Cetera Investment Services LLC alleging that Mr. Massa recommended unsuitable investments. On June 10, 2022, Mr. Massa settled the claim for $85,000, and some or all of this amount may have been paid by Mr. Massa’s employer and/or insurance carrier.
In October 2019, a complaint was filed against or in reference to John Massa by multiple customers of Cetera Investment Services LLC alleging that they could not withdraw funds all at one time. Per the customers, they lost over $5,000 because of Mr. Massa’s actions.
In August 2019, a FINRA arbitration was filed against or in reference to John Massa by a customer of Cetera Investment Services LLC alleging violation of the Securities Exchange Act of 1934 and Rule 10b-5, breach of fiduciary duty, breach of contract, and negligence. Per the customer, he/she lost over $40,000 because of Mr. Massa’s actions. On November 25, 2019, Mr. Massa settled the claim for $20,000, and some or all of this amount may have been paid by Mr. Massa’s employer and/or insurance carrier.
In July 2019, a complaint was filed against or in reference to John Massa by a customer of Cetera Investment Services LLC alleging accounts were closed and cashed in without the client’s permission and funds were stolen/fraud. Per the customer, she lost over $75,000 because of Mr. Massa’s actions.
In May 2018, a complaint was filed against or in reference to John Massa by a customer of Cetera Investment Services LLC alleging misrepresentation. Per the customer, he/she lost over $22,562.01 because of Mr. Massa’s actions. On October 17, 2018, Mr. Massa settled the claim for $7,610.96, and some or all of this amount may have been paid by Mr. Massa’s employer and/or insurance carrier.
In February 2009, a complaint was filed against or in reference to John Massa by a customer of Capital One Financial Advisors alleging that Mr. Massa sold mutual fund shares without their consent, knowledge or approval. Per the customer, he/she lost over $41,636.76 because of Mr. Massa’s actions.
In October 1999, Essex National Securities terminated John Massa for a few recent customer complaints.
In September 1999, a complaint was filed against or in reference to John Massa by a customer of Essex Securities. The client invested 100,000 in Rochester NY tax free bonds and lost $7536.12. The client was upset because she claimed she was not advised of the possibility of losing money. Per the customer, she lost over $11,703.12 because of Mr. Massa’s actions. On January 14, 2000, Mr. Massa settled the claim for $11,703.12, and some or all of this amount may have been paid by Mr. Massa’s employer and/or insurance carrier.
How To File A Claim Against John Massa (previously with Cetera Investment Services LLC and Capital One Investment Services LLC) To Get Your Money Back.
If you have questions about John Massa, Cetera Investment Services LLC, Capital One Investment Services 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.