Written by The White Law Group• August 16, 2019• 4:46 pm• Current Investigations

Rick D. Konecny Broker Investigation

Former Financial Advisor Rick D. Konecny – UBS Financial Services & JP Morgan in Chicago, IL

Are you concerned about investments with Rick D. Konecny in Chicago, IL? If so, the securities attorneys at The White Law Group may be able to help you by filing a FINRA Dispute Resolution claim.

According to the Financial Industry Regulatory Authority (FINRA), the regulator reportedly barred Konecny on March 16, 2018 from working in the securities industry after he reportedly failed “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.”

According to his FINRA BrokerCheck report, Konecny reportedly was affiliated with JP Morgan from July 2013 until April 2016. Prior to that, he was registered with UBS Financial Services in Chicago, IL from November 2008 until August 2013. He reportedly has 11 customer complaints filed against him according to his broker report. Allegations include unsuitable and over concentrated recommendations, among others.

Investigating Potential Claims

The White Law Group is investigating potential lawsuits regarding the liability that his former employers may have for failure to properly supervise Konecny.

When brokers violate securities laws, such as making unsuitable recommendations, the brokerage firm they are working with may be liable for investment losses through FINRA Arbitration.

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.

The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Franklin, Tennessee.

We represent investors in FINRA arbitration claims in all 50 states, including Illinois. Our attorneys have recovered millions of dollars from many brokerage firms in the past.