Advisor Alert: Our Attorneys Are Investigating John Charles Wyshak For Investment Fraud
Did You Lose Money Because of John Wyshak?
Filed: January 24, 2024
John Wyshak currently has six (6) pending judgment/lien events. Overall, he has been the subject of two (2) regulatory events, six (6) customer complaints, one (1) termination event, and six (6) judgment/lien events. 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 Wyshak.
Who Is John Charles Wyshak?
- Advisor Name: John Charles Wyshak
- Aliases: John Wyshak
- CRD: 1272260
- Location: Los Angeles, California
- Current Employer: No Longer Allowed to Practice in the Securities Industry
- Previous Firms: Raymond James & Associates, Inc., Wedbush Securities Inc., and Ryan, Beck & Co., LLC
- Number of Known Customer Complaints: 6
- Number of Known Regulatory Events: 2
- Number of Known Termination Events: 1
- Number of Known Judgment/Lien Events: 6
- Can John Wyshak Be Sued: Yes, in Private Arbitration
- Can John Wyshak’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $1,583,810
- Highest Settlement: $700,000
If you have suffered investment losses by John Wyshak, 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 Wyshak For Broker Misconduct
As of this publication date, John Wyshak has been the subject of 2 regulatory events, 6 customer disputes, 1 termination event, and 6 judgment/lien events. Let’s review them below.
In December 2020, a FINRA arbitration was filed against or in reference to John Wyshak by a customer of Wedbush Securities Inc. alleging unsuitable investments from July 2010 to October 2014. Per the customer, he/she lost over $1,583,810 because of Mr. Wyshak’s actions. On December 7, 2021, Mr. Wyshak settled the claim for $141,875, and some or all of this amount may have been paid by Mr. Wyshak’s employer and/or insurance carrier.
In January 2020, a FINRA arbitration was filed against or in reference to John Wyshak by a customer of Wedbush Securities Inc. alleging that from mid 2010 to 2014, the financial advisor entered many unauthorized trades, engaged in excessive trading. Claims for fraudulent concealment, breach of fiduciary duty, unsuitable investment recommendations and violations of industry rules and standards among other violations. Per the customer, he/she lost over $1,369,868 because of Mr. Wyshak’s actions. On January 26, 2021, Mr. Wyshak settled the claim for $230,000, and some or all of this amount may have been paid by Mr. Wyshak’s employer and/or insurance carrier.
In January 2020, FINRA initiated a regulatory action against or in reference to John Wyshak for failing to respond to FINRA request for information.
In January 2020, FINRA initiated a regulatory action against or in reference to John Wyshak for failing to comply with an arbitration award or settlement agreement or to satisfactorily respond to a FINRA request to provide information concerning the status of compliance.
In August 2019, a complaint was filed against or in reference to John Wyshak by a customer of Raymond James & Associates, Inc. alleging unauthorized trading.
In June 2019, a complaint was filed against or in reference to John Wyshak by a customer of Raymond James & Associates, Inc. alleging unauthorized trading, suitability, excessive commissions, violations of industry standards, violation of FINRA rule 2020, NYSE rule 405, breach of fiduciary duty, negligent retention, fraud, omission of material facts, conversion, breach of contract, and fraudulent concealment. Per the customer, he/she lost over $131,783 because of Mr. Wyshak’s actions.
In January 2018, a FINRA arbitration was filed against or in reference to John Wyshak by a customer of Raymond James & Associates, Inc. alleging respondeat superior, concentration, breach of fiduciary duty, fraud, churning, failure to supervise, omission of material facts, conversion, breach of contract, fraudulent concealment, violations of industry rules and standards. Per the customer, he/she lost over $1,023,460 because of Mr. Wyshak’s actions. On October 16, 2018, Mr. Wyshak settled the claim for $700,000, and some or all of this amount may have been paid by Mr. Wyshak’s employer and/or insurance carrier.
In February 2013, John Wyshak was the subject of a civil judgment or lien in the amount of $15,433. 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.
In October 2012, John Wyshak was the subject of a civil judgment or lien in the amount of $64,666. 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.
In September 2012, John Wyshak was the subject of a civil judgment or lien in the amount of $71,428. 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.
In April 2012, John Wyshak was the subject of a civil judgment or lien in the amount of $32,297.62. 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.
In July 2009, John Wyshak was the subject of a civil judgment or lien in the amount of $31,386.06. 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.
In August 2008, John Wyshak was the subject of a civil judgment or lien in the amount of $11,095.88. 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.
In March 1999, a complaint was filed against or in reference to John Wyshak by a customer of Gruntal & Co., L.L.C. alleging that Mr. Wyshak engaged in excessive trading in his account. Per the customer, he/she lost over $35,000 because of Mr. Wyshak’s actions. On June 7, 1999, Mr. Wyshak settled the claim for $45,000, and some or all of this amount may have been paid by Mr. Wyshak’s employer and/or insurance carrier.
In June 1998, Dean Witter Reynolds, Inc. terminated John Wyshak for unauthorized trade in customer account.
How To File A Claim Against John Wyshak (previously with Raymond James & Associates, Inc., Wedbush Securities Inc., and Ryan, Beck & Co., LLC) To Get Your Money Back
If you have questions about John Wyshak, Raymond James & Associates, Inc., Wedbush Securities Inc., Ryan, Beck & Co., 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.