Investors Seek Six Figures in Suitability Disputes with John Egan

John Egan (CRD #: 2221733), a broker formerly registered with Western International Securities, is the subject of several investor disputes, according to his BrokerCheck record, accessed on September 25, 2022. If you want to learn more about his conduct as a broker, read on.

Investor Disputes

Three disputes, filed from June to September 2024, allege that John Egan recommended unsuitable investments. Two of these disputes also allege that he misrepresented these investments, and seek a total of $430,000 in damages.

A pending dispute filed on November 13, 2023, alleged that John Egan made unsuitable investment recommendations, misrepresented and omitted material facts, and violated federal securities laws. The client seeks $60,000 in damages.

Two disputes filed on July 27, 2022, name John Egan in allegations involving suitability. These disputes were settled for a collective $115,678.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to evaluate whether an investment fits their investor’s financial goals. Brokers must consult the investor’s profile, which contains information about their risk tolerance, tax status, and age.

Investors who rely on brokers for investment recommendations can potentially recover their losses by pursuing FINRA arbitration.

FINRA Rule 2020

FINRA Rule 2020 prohibits the use of deceptive, manipulative, and otherwise fraudulent methods to influence the purchase and sale of securities. The misrepresentation or omission of material facts violates this rule.

Background Information

John Egan 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 24 – General Securities Principal Examination

He previously worked for Western International Securities (CRD#:39262) and Baraban Securities (CRD#:7659).

Kurta Law Can Help

If you worked with John Egan and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com 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 that 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.