John Moy is a Florida based securities broker. He has worked in the securities industry for forty-one years. During his career, he has been registered with fourteen different securities firms.
His registrations include; Salkin, Welch & Co. (1978-1980), Brokers Exchange, Inc. (1979-1980), Wheat, First Securities (1980-1981), Prudential-Bache Securities (1981-1984), Painewebber Incorporated (1984), Laidlaw Adams & Pec Inc. (1984-1986), E.F. Hutton & Company (1986-1988), Lehman Brothers Inc. (1988-1991), Dean Witter Reynolds (1991-1998), Prudential Securities Incorporated (1998-2003), Wachovia Securities (2003-2005), Merrill Lynch (2005-2017), Morgan Stanley (2017-2018), and National Securities Corporation (2018-Present).
John Moy’s publicly available FINRA BrokerCheck report shows that he has received multiple customer complaints over the course of his career.
In April 1993, a customer alleged negligence, fraud, breach of fiduciary duty, and violation of federal and state laws. This case went to arbitration where the customer was awarded $32,809 in damages.
In August 2001, a customer alleged that he never signed a contract for an annuity that was purchased. He also alleged that their investment portfolio was too aggressive. This case was settled for $23,491.61 in damages.
In January 2003, a customer alleged fraud and misrepresentation against Moy.
In May 2005, a customer alleged unsuitable investment recommendations and misrepresentation.
In November 2005, a customer alleged that Moy incorrectly told him he couldn’t contribute additional funds to his two ING annuities and that there was a 7% cash flow that was guaranteed. This case was settled for $17,593 in damages.
In May 2017, customers alleged unsuitable investment recommendations. The alleged transgressions taking place in 2015. This case was settled for $65,000 in damages.
Oakes & Fosher dedicates its entire legal practice to helping investors across the nation. If you, or someone you know, have lost money investing with John Moy, please contact Oakes & Fosher for a free and private consultation.