John Patock is the Subject of a Suitability Dispute

John Patock (CRD #: 6039302), a broker registered with Moloney Securities, is the subject of an investor dispute. This is according to his BrokerCheck record, accessed on April 4, 2024. Details concerning this dispute are provided below. 

Investor Allegations 

On January 19, 2024, an investor named John Patock in an investment alleging unsuitable investments and negligence. The investor is seeking $150,000. 

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.

Negligence

Many types of broker misconduct may qualify as negligence. Typical examples include unsuitable investment recommendations, misrepresentations or omissions of material fact, and failure to follow instructions.

Background Information 

John Patock has passed the following exams:

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

He is a registered broker in six states and is a registered investment adviser in Minnesota. 

During his 11 years of experience, he has registered five firms: 

• Moloney Securities (CRD #: 38535) 
• Moloney Securities Asset Management (CRD #: 282448) 
• Eagle Strategies (CRD #: 110826) 
• NYLife Securities (CRD #: 5167) 
• Thrivent Investment Management (CRD #: 18387) 

Kurta Law Can Help 

If you have worked with John Patock 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.