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John Prokos: Allegations of Unsuitable Investment Recommendations

John Prokos (CRD #: 1553091), a broker registered with LPL Financial, is involved in an investor dispute, according to his BrokerCheck record, accessed on August 16, 2021. He also offers advisory services through Lucia Capital Group. Investors concerned about Prokos’ conduct as a broker should keep reading.

On June 12, 2021, an investor alleged that John Prokos did not disclose the potential risks of an illiquid investment. The investor further alleged that the investment was not suitable based on their risk tolerance. FINRA requires that brokers only recommend investments that fit the investor’s risk tolerance as well as their financial goals, age, and investing time horizon.

John Prokos Background Information

John Prokos has passed the following exams:

  • Series 63 Uniform Securities Agent State Law Examination
  • Securities Industry Essentials Examination
  • Series 7 General Securities Representative Examination
  • Series 24 General Securities Principal Examination

He is a registered broker in 24 states and is a registered investment adviser in California, Florida, and Texas.

John Prokos has worked with the following firms:

  • LPL Financial (CRD #: 6413)
  • Lucia Securities (CRD #: 37179)
  • Lucia Capital Group (CRD #: 152396)
  • Raymond J. Lucia Companies (CRD #: 115670)
  • First Allied Securities (CRD #: 32444)
  • Securities America Advisors (CRD #: 110518)
  • Raymond J. Lucia Companies (CRD #: 115670)
  • RJL Advisors (CRD #: 128074)
  • FSC Securities Corporation (CRD #: 7461)
  • Securities America (CRD #: 10205)
  • Mutual Service Corporation (CRD #: 4806)
  • Lowry Financial Services Corporation (CRD #: 7261)

Kurta Law Can Help

If you worked with John Prokos and you have concerns about your investments, contact Kurta Law today. Call 877-600-0098 or email