RedFlags, Allegations and Complaints against KARL JAY WARNER
Disclosure #1 for KARL WARNER
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- eventDate: 4/27/2012
- Disclosure Type: Customer Dispute
- Disclosure Resolution: Settled
- Disclosure Detail :: Allegations: THE CLIENT ALLEGED HER INLAND WESTERN REIT PURCHASED IN JUNE 2005 WAS NOT SUITABLE AND THE ADVISOR STATED THE PRINCIPAL WAS GUARANTEED.
- Damage Amount Requested: $20,859.75
- Settlement Amount: $29,070.29
- Arbitration Docket Number:
- Broker Comment: I DENY THE ALLEGATIONS MADE IN THIS MATTER. THE RECOMMENDATION TO PURCHASE A REIT IN 2005 WAS INTENDED TO PROVIDE THIS LONGTIME CUSTOMER (13 YEARS AT THAT TIME) WITH ADDITIONAL DIVERSIFICATION TO REAL ESTATE, WHICH WAS A COMMON PRACTICE AT THE TIME. THE INVESTMENT WAS FULLY DISCUSSED, DOCUMENTED AND AUTHORIZED AT THAT TIME. AS A RESULT OF SUCH HISTORIC AND UNPRECEDENTED EVENTS AS THE GLOBAL CREDIT CRISIS AND THE SUBPRIME MORTGAGE SCANDAL, MANY ECONOMIC SECTORS, INCLUDING REAL ESTATE, WERE NEGATIVELY AFFECTED. THIS RESULTED IN A REDUCTION IN THE VALUE OF THE REIT AND RESTRICTIONS ON ITS LIQUIDITY. I BELIEVE THAT THE ALLEGATIONS IN THIS MATTER WERE MADE WITH THE BENEFIT OF HINDSIGHT, AND THAT MY RECOMMENDATION WAS SUITABLE AND APPROPRIATE AT THE TIME IT WAS MADE. I WAS NOT CONSULTED BY MY FORMER FIRM ABOUT THE DECISION TO SETTLE THIS MATTER, AND WAS NOT ASKED TO MAKE A FINANCIAL CONTRIBUTION TO THE SETTLEMENT.
Should I file a FINRA complaint against brokers like KARL JAY WARNER?
Many investors (presumably, like yourself) are unaware of the legal recourse available to them after losing money due to securities broker fraud and/or negligence. The truth is that investors who lost money in this fashion may actually be entitled to damages. You may suffer significant losses at the hands of your financial advisors’ misconduct, such as if they misrepresented or failed to disclose the risks associated with a particular investment, recommended frequent trades for the sole purpose of generating commissions, or used high-pressure tactics to make a sale. The rules and regulations of securities laws and FINRA policies are complex, and investment loss claims require an extensive understanding of securities arbitration to achieve the best possible results.
Update – 2022.11.15If you have suffered investment losses that may have been caused by KARL JAY WARNER’s negligence or fraud, contact a FINRA lawyer today. Most FINRA lawyers work on a contingency fee basis, meaning that you will not be charged for their services unless they successfully collect money for you. Kindly add a comment, or contact us directly if you have any query, or want to be contacted by a FINRA lawyer today!
Frequently Asked Questions About KARL JAY WARNER
What is KARL WARNER’s Central Registration Depository (CRD) Number?
Which firm is KARL JAY WARNER associated with?
LPL FINANCIAL LLC
Where is KARL WARNER located?
400 TRADE CENTER STE 4990, WOBURN, MA, 1801
Where can I find more details about KARL WARNER’s Investment Firm?
Visit https://brokercheck.finra.org/firm/summary/6413 to read a detailed report for LPL FINANCIAL LLC
Are there any disclosures, allegations or complaints filed against KARL JAY WARNER?
Where can I download a detailed FINRA report for KARL WARNER?
Is it safe to do business with KARL JAY WARNER?
We’re not sure. Please research KARL WARNER’s disclosures, allegations and complaints before taking a decision
Originally reported on November 16, 2022 @ 12:40 am
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