DID JOHN CHARLES WYSHAK CAUSE YOU INVESTMENT LOSSES?
John Charles Wyshak formerly with Raymond James & Associates, Inc. Has 4 Customer Complaints For Alleged Broker Misconduct
Who is John C. Wyshak formerly with Raymond James & Associates, Inc.?
John Wyshak (CRD #1272260) who was formerly registered with Raymond James & Associates, Inc. and located in Los Angeles, California is a subject of one of our many securities industry sales practice abuse investigations. Prior to Raymond James & Associates, Inc., John Wyshak was associated with Wedbush Securities Inc. and 7 other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.
John Wyshak has had his share problems with FINRA as well. In January 2020, he was suspended by FINRA for failing to comply with an arbitration settlement and/or failing to satisfactorily respond to FINRAs request for information concerning payment of that settlement. That sanction was later increased to a permanent bar in April 2020. John Wyshak is now prohibited from working with any FINRA member firm in any capacity.
Raymond James & Associates, Inc. Broker Misconduct
In his career, John Wyshak has been the subject of 4 customer complaints that we know about, one of those complaints were filed in the last year to recover investment losses. Two of John Wyshak’s 4 customer complaints were settled in favor of investors. One of those 4 complaints was denied by his former employer and a customer is not taken any action since that time There is currently one pending customer complaint remaining against John Wyshak’s former employer Wedbush Securities, Inc. for investment losses caused by his alleged misconduct.
Allegations Against John Wyshak
A sample of the allegations made in the FINRA reported arbitration claim settlements and pending complaints for investment losses are as follows:
- A Raymond James & Associates, Inc. customer alleged that John Wyshak over-concentrated investments in its account in breach of his fiduciary duties and that further he committed fraud, conversion, churning, violated industry rules and fraudulently concealed his misconduct. Raymond James took that complaint seriously and settled it for $700,000.
- At Gruntal and Co., LLC. the client alleged that John Wyshak engaged in excessive trading in his account.
- Another Raymond James and Associates, Inc. client alleged John Wyshak engaged in unauthorized trading, suitability, excessive commissions, violation of industry standards and rules of conduct. The firm recently denied that complaint and the customers yet to take action.
John Wyshak Red Flags & Your Rights As An Investor
Of course, John Wyshak did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of John Wyshak at Raymond James & Associates, Inc. and Wedbush Securities Inc. on alert to review carefully the activity and performance of their accounts and question whether John Wyshak has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Raymond James & Associates, Inc. and Wedbush Securities Inc. about John Wyshak also raises questions about their supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.
File A Claim To Recover Your Investment Losses At Raymond James & Associates, Inc.
If you have questions about Raymond James & Associates, Inc., Wedbush Securities Inc. and/or John Wyshak and the management or performance of your accounts please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.