Advisor Alert: Our Attorneys Are Investigating John David Stubbs For Investment Fraud
Did You Lose Money Because of John Stubbs?
Filed: November 6, 2023
John Stubbs currently has one (1) pending judgment/lien event. Overall, he has been the subject of three (3) financial events, one (1) judgment/lien event, and two (2) 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 David Stubbs.
Who Is John David Stubbs?
- Advisor Name: John David Stubbs
- Aliases: John Stubbs
- CRD: 1079923
- Location: Smithfield, North Carolina
- Current Employer: Currently Not Employed
- Previous Firms: LPL Financial LLC, Morgan Stanley, and Citigroup Global Markets Inc.
- Number of Known Customer Complaints: 2
- Number of Known Financial Events: 3
- Number of Known Judgment/Lien Events: 1
- Can John Stubbs Be Sued: Yes, in Private Arbitration
- Can John Stubbs’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $23,782.37
- Highest Settlement: $23,782.37
If you have suffered investment losses by John Stubbs, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining a margin call liquidations 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 Stubbs For Broker Misconduct
As of this publication date, John Stubbs has been the subject of 3 financial events, 1 judgment/lien event, and 2 customer disputes. Let’s review them below.
In May 2020, a complaint was filed against or in reference to John Stubbs by a customer of LPL Financial LLC alleging unsuitable recommendation of an advisory account and seeking reimbursement of fees. Per the customer, he/she lost over $16,000 because of Mr. Stubbs’s actions. On October 5, 2020, Mr. Stubbs settled the claim for $15,736.39, and some or all of this amount may have been paid by Mr. Stubbs’s employer and/or insurance carrier.
In April 2016, John Stubbs was the subject of a civil judgment or lien in the amount of $34,614. In general, judgment liens are court rulings that give a creditor the right to take possession of a debtor’s property when the debtor has failed to fulfill his or her contractual obligations. Sometimes, these types of disclosures reflect IRS judgments, tax liens, and/or civil judgments against a financial advisor. As of this publication date, this claim is pending.
In March 2016, Barclays Bank reported that John Stubbs had outstanding debt totaling $4,832. John Stubbs settled this matter in the amount of $612.
In November 2015, Bank of America reported that John Stubbs had outstanding debt totaling $23,977. John Stubbs settled this matter in the amount of $601.
In November 2015, Chase reported that John Stubbs had outstanding debt totaling $3,970. John Stubbs settled this matter in the amount of $1,985.
In April 2005, a complaint was filed against or in reference to John Stubbs by a customer of Legg Mason Wood Walker, Inc. alleging that he was not aware of the liquidation costs associated with sales of the Royce Pennsylvania fund and the Legg Mason emerging markets fund if the funds were sold within a year. Per the customer, he lost over $23,782.37 because of Mr. Stubbs’s actions. On April 26, 2005, Mr. Stubbs settled the claim for $23,782.37, and some or all of this amount may have been paid by Mr. Stubbs’s employer and/or insurance carrier.
How To File A Claim Against John Stubbs (previously with LPL Financial LLC, Morgan Stanley, and Citigroup Global Markets Inc.) To Get Your Money Back.
If you have questions about John Stubbs, LPL Financial LLC, Morgan Stanley, Citigroup Global Markets Inc., 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.