John Eggleton is the Subject of a REIT Dispute

John Eggleton (CRD #: 4954717), a broker registered with Ameritas Investment Company, is the subject of an investor dispute. This is according to his BrokerCheck record, accessed on March 20, 2024. Details concerning this dispute are provided below. 

Investor Dispute

On December 20, 2023, investors alleged that John Eggleton recommended an unsuitable REIT. The investor is seeking $450,000. 

What Are REITs?

A real estate investment trust (REIT) allows investors to pool their funds together in a portfolio of real estate and earn returns without the responsibility of managing the properties themselves. 

However, the lack of liquidity associated with REITs may make them unsuitable for some investors.

What is an Unsuitable Investment?

FINRA Rule 2111 requires brokers to evaluate whether an investment strategy fits their investor’s financial goals. Brokers must examine the investor’s profile, which contains the following investor characteristics:

• Age
• Risk tolerance
• Time horizon (i.e., how long the investor plans to hold the investment)
• Investing experience
• Tax status
• Financial goals

Investors who rely on brokers for recommendations may be able to recover losses from unsuitable investment recommendations by pursuing FINRA arbitration.

Background Information

John Eggleton has passed the following exams: 

• Series 66 Uniform Combined State Law Examination 
• SIE – Securities Industry Essentials Examination 
• Series 31 Futures Managed Funds Examination 
• Series 7 General Securities Representative Examination 

He is a registered broker in ten states and is a registered investment adviser in Texas. 

During his 18 years of experience, John Eggleton has registered with four firms: 

• Ameritas Investment Company (CRD #: 14869) 
• AllianceBernstein (CRD #: 108477) 
• Sanford C. Bernstein & Co. (CRD #: 104474) 

Kurta Law Can Help 

If you have worked with John Eggleton and have concerns about your investments, do not hesitate to contact us at 877-600-0098 or info@kurtalawfirm.com for a free consultation. 

For nearly 20 years, Kurta Law has advocated for investors 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. Do not let securities fraud go unchecked. Start your recovery process today.