Can you recover investment losses due to recommendations by Moloney Securities Co., Inc. broker John Chaney (CRD# 44529)? He was registered with Moloney Securities Co., Inc. in Manchester, Missouri, from 2015 to 2023, and with Arque Capital, Ltd. in Sun City, Arizona, from 2008 to 2015.
John Chaney Customer Complaints
He has been the subject of two customer complaints, according to his CRD report:
October 2023. “Suitability/negligence. 2011-2020.” The customer is seeking $500,000 in damages, and the case is currently pending. The complaint was regarding corporate debt, and it took place while he was registered with Moloney Securities Co., Inc.
May 2023. “Suitability/Negligence. 2019,” The customer sought $50,000 in damages, and the case was settled for $14,500. The complaint was regarding corporate debt, and it took place while he was registered with Moloney Securities Co., Inc.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Moloney Securities Co., Inc. may be liable for investment or other losses suffered by John Chaney’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
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