Investor Alleges Fraud in Dispute with John Rhoads
John Rhoads (CRD #: 2176003), a broker registered with United Planners’ Financial Services of America, allegedly engaged in fraud, according to his BrokerCheck record, accessed on November 6, 2022. Keep reading to learn more about his conduct as a broker.
On September 12, 2022, an investor named John Rhoads in a dispute alleging fraudulent and negligent misrepresentation, aiding and abetting in fraud, and fraud by concealment, non-disclosure, and negligence. This dispute is currently pending.
FINRA Rule 2010
FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade.
FINRA Rule 2020
FINRA Rule 2020 forbids the use of deceptive, manipulative, and otherwise unethical means of influencing investors’ decisions. This includes the misrepresentation of facts about investments, such as their potential risks or returns.
What is broker negligence?
Brokers may act in many negligent ways, including by making misrepresentations or omissions, giving unsuitable investment recommendations, or executing unauthorized trades. Investors who feel their losses are the result of broker negligence may be able to recover their funds by seeking out FINRA arbitration.
John Rhoads has passed the following exams:
- Series 66 – Uniform Combined State 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
John Rhoads is a registered broker in nine states and a registered investment adviser in Nevada.
He has also worked for the following firms:
- Cambridge Investment Research (CRD#:39543)
- FFP Securities (CRD#:16337)
- Joseph Charles & Association (CRD#:3949)
- Smith Barney (CRD#:7059)
- VTR Capital (CRD#:21404)
- RAF Financial Corporation (CRD#:1398)
- Chelsea Street Securities (CRD#:17548)
Kurta Law Can Help
If you worked with John Rhoads and you have concerns about your investments, please contact us today at 877-600-0098 or firstname.lastname@example.org 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.