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John Reese Allegedly Failed to Notify Client of Annuitization Deadline

John Reese (CRD #: 1511243), a broker registered with American Portfolios Financial Services, allegedly failed to keep a client informed, according to his BrokerCheck record, accessed on October 10, 2022. Read on if you want to know more about his conduct as a broker.

Investor Dispute

On July 15, 2022, an investor alleged that John Reese failed to notify her of the mandatory annuitization deadline. The client seeks $132,879.62 in this pending dispute.

FINRA Rule 2020

FINRA Rule 2020 prohibits the use of fraudulent tactics, like deception or manipulation, as they relate to the purchase and sale of securities. This includes the omission of information, such as an investment’s requirements or limitations.

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade. Violations of FINRA Rule 2020 automatically violate FINRA Rule 2020. 

Background Information

John Reese has passed the following exams:

  • Series 63 – Uniform Securities Agent State Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 6 – Investment Company Products/Variable Contracts Representative Examination

John Reese is a registered broker in ten states.

He has also worked for the following firms:

  • Invest Financial Corporation (CRD#:12984)
  • Questar Capital Corporation (CRD#:43100)
  • Locust Street Securities (CRD#:1703)
  • Pruco Securities (CRD#:5685)

Kurta Law Can Help

If you worked with John Reese 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 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. 

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