Investors Allege John Rood Acted Unprofessionally
John Rood (CRD #: 2693581), a broker registered with Avantax Investment Services, is involved in two pending disputes, according to his BrokerCheck record, accessed on June 20, 2023. Investors may have also worked with him through Avantax Advisory Services. Keep reading if you have questions about his alleged conduct as a broker.
Investor Disputes
On May 9, 2023, several investors named John Rood in allegations involving unprofessional conduct, overcharging of fees, and the loss of investment value. This dispute is currently pending.
Another pending dispute, filed on April 25, 2023, alleges that John Rood acted unprofessionally and recommended unsuitable investments. The client further alleged a loss of investment value.
FINRA Rule 2010
FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade. Violations of many other rules may also qualify as violations of FINRA Rule 2010.
FINRA Rule 2111
FINRA Rule 2111 requires brokers to recommend securities that sufficiently suit an investor’s financial goals. Brokers must use the information in the investor’s profile, such as their age, risk tolerance, and tax status when recommending investments.
Investors who rely on brokers for recommendations may be able to recover their losses by pursuing FINRA arbitration.
Background Information
John Rood has passed the following exams:
- Series 63 – Uniform Securities Agent State Law Examination
- SIE – Securities Industry Essentials Examination
- Series 7 – General Securities Representative Examination
- Series 6 – Investment Company Products/Variable Contracts Representative Examination
John Rood is a registered broker in California, Colorado, Indiana, Oklahoma, and Texas. He is also a registered investment adviser in Texas.
Kurta Law Can Help
If you worked with John Rood 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.