Broker Jon Lindberg, Birmingham, AL has 2 Pending Regulatory Actions
According to the Financial Industry Regulatory Authority (FINRA), former Proequities advisor Jon Peter Lindberg (CRD#: 1085475) has two regulatory actions currently pending for alleged broker misconduct.
On May 27, 2020, the state of Montana reportedly initiated a regulatory action against Lindberg for allegations of “Fraud, Unsuitable recommendations, Breach of Fiduciary Duty.” The action is currently pending, according to FINRA.
On April 2, 2019, the Alabama Securities Commission reportedly filed a complaint against Lindberg for the following allegations: “1. failed to inform his broker dealer of 2 customer complaints 2. failed to adequately disclose risks of options program to clients. 3. Failed to update his form adv to reflect disciplinary events. 4. Failed to uphold his duty as a fiduciary to his clients. 5. Failed to follow his own policies and procedures.” The action is currently pending, according to FINRA.
According to his broker profile, Lindberg was registered with Proequities Inc. from August 1989 until he was reportedly dismissed in August 2018. He reportedly has two customer complaints filed against him in May 2018. Allegations include mishandling of accounts, among others.
Potential Lawsuits to Recover Financial Losses
The White Law Group is investigating FINRA arbitration cases involving financial advisor Jon Lindberg and the liability his former employers may have for failure to properly supervise him.
When brokers abuse client accounts and conduct transactions that violate securities laws, such as making unsuitable investment recommendations, the brokerage firm they are working with may be liable for investment losses. Brokerage firms that fail to monitor the business activities of their employees may be liable for investment losses due to negligent supervision for the misconduct of their employees.
If you suffered losses investing with Jon Lindberg andProequities Inc., the securities attorneys at The White Law Group may be able to help you. Please call 888-637-5510 for a free consultation, or visit us on the web at www.whitesecuritieslaw.com.
The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois.
Tags: Jon Lindberg Birmingham, Jon Lindberg financial advisor, Jon Lindberg FINRA, Jon Lindberg finra complaint, Jon Lindberg investigation, Jon Lindberg Joseph Stone, Jon Lindberg lawsuit, Jon Lindberg recovery options, Jon Lindberg suspended, securities fraud attorney, Securities Lawyer Last modified: December 1, 2022