The securities arbitration attorneys at the law firm of Meyer Wilson are investigating potential investment loss claims involving alleged misconduct by financial advisor John J. Maloney III (CRD# 726108).
Mr. Maloney is a stockbroker with registered offices in Morristown, Tennessee. Since June 2016, Mr. Maloney has been associated with the brokerage firm of Woodbridge Financial Services, Inc. Prior to then, from March 1981 through June 2016, Mr. Maloney was associated with the brokerage firm of Edward Jones.
According to regulatory documents, there are at least two pending customer complaints involving alleged misconduct by Mr. Maloney. One complaint alleges negligence, lack of supervision, breach of contract, breach of fiduciary duty, and churning, and seeks damages in excess of $2 million. The other complaint alleges unsuitable investment recommendations in FireEye, a publicly-listed cybersecurity company, and seeks damages of over $300,000.
Both complaints relate to alleged misconduct that occurred while Mr. Maloney worked for Edward Jones. According to FINRA, Edward Jones discharged Mr. Maloney in May 2016 for allegedly failing to “adhere to the Firm’s policy regarding Suitability of Recommendations.”
FINRA’s records also indicate that Edward Jones settled two previous customer complaints involving alleged misconduct by Mr. Maloney. One complaint settled in June 2015 for $132,500. Another complaint settled in May 2004 for $150,000.
If you are a current or former customer of registered representative John J. Maloney III and believe that you lost money as a result of potential misconduct by him or his supervising brokerage firm, then please contact the investment fraud lawyers at the law firm of Meyer Wilson to request a complimentary case evaluation today.