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John Shortal Allegedly Recommended Unsuitable Investments

John “Pat” Shortal (CRD #: 2233172), a broker registered with Moloney Securities, is the subject of an investor dispute. This is according to his BrokerCheck record, accessed on March 21, 2024. Details concerning this dispute are provided below. 

Investor Dispute

On December 19, 2023, an investor alleged that John Shortal recommended unsuitable investments and engaged in negligence. The investor is seeking $87,000. 

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.

Investors who believe their losses are the result of broker negligence may be able to recover their funds through FINRA arbitration.

Unsuitable Investments 

FINRA Rule 2111 defines suitable investments as securities that fit an investor’s profile. Investor profiles have information on the investor’s age, risk tolerance, tax status, investing experience, and financial goals. Investments that do not take these factors into account may be unsuitable. 

Background Information 

John Shortal 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 

He is a registered broker in Idaho, Illinois, Missouri, and Nevada. 

John Shortal has registered with the following firms: 

  • Moloney Securities (CRD #: 38535) 
  • Eagle One Investments (CRD #: 45254)
  • Fintegra (CRD #: 16741) 
  • Primevest Financial Services (CRD #: 15340) 
  • Walnut Street Securities (CRD #: 15840) 
  • Equico Securities (CRD #: 6627) 
  • The Equitable Life Assurance Societ of the United States (CRD #: 4039) 

Kurta Law Can Help 

If you have worked with John Shortal 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.

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