INVESTOR ALERT! JOHN GILBERT SUSPENDED – Houston, TX
John Gilbert, formerly with Raymond James & Associates, Suspended 45 Days from Securities Industry
Have you lost money with financial advisor John Gilbert from Houston, Texas? We are investigating into allegations made by FINRA (the Financial Industry Regulatory Authority) against John Wendel Gilbert. FINRA suspended Gilbert from the securities industry for 45 days, fined him $7,500, and ordered him to take 10 hours of continuing education. FINRA was investigating allegations that while he was affiliated with Raymond James & Associates, Gilbert recommended that an elderly customer put more than half of her portfolio in energy stocks (such as oil and gas), some of which were speculative. The elderly customer had substantial losses in these energy stocks.
John Gilbert was a registered representative and financial advisor with Raymond James & Associates from 2007 to October 2016. He worked out of a branch office in Houston, Texas.
Broker-dealers like Raymond James & Associates have a responsibility to adequately supervise all representatives who are registered through their firm, including investments sold by their registered representatives. Broker-dealers also must take steps to ensure that their financial advisors follow all securities rules and regulations. When broker-dealers fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.
Israels & Neuman are investment fraud and securities arbitration attorneys with offices in Denver, Colorado and Seattle, Washington. Our firm has represented over one thousand investors throughout the country, including investors throughout Texas and the Houston area, and including against Raymond James & Associates.
Click to view: Gilbert, John FINRA AWC
Click to view: Gilbert, John BrokerCheck 10.5.18
If you have lost money with John Gilbert, or Raymond James & Associates, and want to hear about ALL legal options, please visit https://www.israelsneuman.com/ or CONTACT US at 720-599-3505.
Israels & Neuman, PLC is a private law firm and is not affiliated with any government or law enforcement agency. Any investigation referenced in this blog is independent in nature and is being conducted by our law firm privately, not in conjunction with any government or law enforcement agency. All information contained in this blog should be deemed statements of opinion derived from the author’s review of public records, not statements of fact. This blog is advertising material and does not create an attorney client relationship, nor does it constitute legal advice. Everyone’s situation is different and the question of whether or not you have a claim will vary on a case-by-case basis. In contingent representation, clients may still be liable for costs.
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