Erez Law is currently investigating former Western International Securities, Inc. broker John Egan (CRD# 2221733) regarding losses related to unsuitable investment recommendations. He was registered with Western International Securities, Inc. in Glendora, California, from 1996 to 2021.
John Egan Customer Complaints
He has been the subject of 10 customer complaints between 2022 and 2024, according to his CRD report:
September 2024. “Customer alleges that an investment recommendation was unsuitable.” The customer is seeking $5,000 in damages. The complaint was regarding corporate debt.
August 2024. “Customer alleges that an investment recommendation was unsuitable and misleading.” The customer is seeking $50,000 in damages. The complaint was regarding corporate debt.
June 2024. “Customers allege that investment recommendations were unsuitable and misrepresented. Dates of activity from October 2017 to June 2020.” The customer is seeking $380,000 in damages. The complaint was regarding corporate debt.
November 2023. “Violations of Federal Securities Laws, Unsuitable Recommendations, Misrepresentations and Ommission of Material Facts.” The customer sought $60,000 in damages, and the case was settled for $29,423.75. The complaint was regarding corporate debt.
August 2023. “The representative misrepresented the features of the product sold in 2020.” The customer sought $50,000 in damages, and the case was settled for $12,500. The complaint was regarding corporate debt.
July 2023. “Unsuitable recommendations, breach of fiduciary duty.” The customer sought
$127,500 in damages, and the case was settled for $65,000. The complaint was regarding corporate debt.
February 2023. “Negligence; Misrepresentation.” The customer sought $5,000 in damages, and the case was settled for $23,000. The complaint is related to corporate debt losses.
November 2022. “Unsuitable Recommendations, Misrepresentations and Omissions of Material Fact.” The customer sought $50,000 in damages, and the case was settled for $26,200. The complaint is related to corporate debt losses.
August 2022. “Unsuitability.” The customer sought $158,000 in damages, and the case was settled for 13,166.28. The complaint is related to corporate debt losses.
July 2022. “Unsuitability.” The customer sought $379,250 in damages, and the case was settled for $50,678. The complaint is related to corporate debt losses.
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, Western International Securities, Inc. may be liable for investment or other losses suffered by John Egan’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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