Investors Allege John Crigler Violated Multiple FINRA Rules
John Crigler (CRD #: 1014977), a broker registered with JRL Capital, allegedly committed multiple FINRA rule violations, according to his BrokerCheck record, accessed on August 7, 2022. Keep reading if you have questions about John Crigler’s conduct as a broker.
On May 19, 2022, several investors filed a dispute alleging that John Crigler misrepresented and omitted facts, violated the suitability rule and blue sky laws, failed to supervise, breached his contract, and acted negligently. The clients seek $100,000 in this pending dispute.
FINRA Rule 2111
FINRA Rule 2111, a.k.a. “the suitability rule,” requires brokers to evaluate whether an investment fits their client’s financial goals using the information in an investor’s profile. These profiles describe investors’ risk tolerance, tax status, and other relevant characteristics.
Brokers must consult an investor’s profile when recommending investments or investment strategies and when exercising their trading discretion on behalf of their clients.
FINRA Rule 2020
FINRA Rule 2020 prohibits the use of manipulation, deception, and other fraudulent means of influencing investors’ decisions. This includes the misrepresentation or omission of material facts related to investments, such as their limitations, risks, or potential returns.
FINRA Rule 3110
Failure to supervise violates FINRA Rule 3110, which requires firms to establish systems of supervision to maintain their compliance with securities regulations. Firms must ensure that supervisory personnel have the appropriate training or experience for their role.
What are blue sky laws?
Blue sky laws are state-level regulations that give investors an additional layer of protection against fraud by extending federal protections and defining what investments qualify as securities in a state.
What qualifies as broker negligence?
Many forms of misconduct may qualify as broker negligence, including unsuitable investment recommendations, failure to supervise, and excessive or unauthorized trading. Investors who lose money due to broker negligence may be able to recoup their losses by seeking out FINRA arbitration.
John Crigler has passed the following exams:
- Series 65 – Uniform Investment Adviser Law Examination
- Series 63 – Uniform Securities Agent State Law Examination
- SIE – Securities Industry Essentials Examination
- Series 7 – General Securities Representative Examination
- Series 22 – Direct Participation Programs Representative Examination
- Series 6 – Investment Company Products/Variable Contracts Representative Examination
- Series 24 – General Securities Principal Examination
John Crigler is a registered broker and a registered investment adviser in California.
He has also worked for the following firms:
- Voya Financial Advisors (CRD#:2882)
- Crown Capital Securities (CRD#:6312)
- Titan/Value Equities Group (CRD#:6359)
- United Pacific Securities (CRD#:21986)
- Mutual Service Corporation (CRD#:4806)
- Equico Securities (CRD#:6627)
- The Equitable Life Assurance Society of the United States (CRD#:4039)
Kurta Law Can Help
If you worked with John Crigler and you have concerns about your investments, please contact us today at 877-600-0098 or firstname.lastname@example.org for a free consultation.
For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm and exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf.