John Joseph Conroy, of New York, New York, a stockbroker currently registered with Andrew Garret Inc., was identified in a customer initiated investment related written complaint on May 1, 2017, in which the customer requested $99,734.82 in damages based upon allegations that Conroy effected unsuitable over-the-counter equities transactions in the customer’s account.
Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Conroy has been identified in four additional customer initiated investment related disputes in reference to allegations of his wrongdoing while associated with Benson York Group, Inc. and New Castle Financial Services. Specifically, on April 23, 2002, a customer initiated investment related written complaint involving Conroy’s conduct was settled for $24,999.99 in damages based upon allegations that he effected over-the-counter equities transactions that the customer did not consent to. Subsequently, on May 2, 2008, a customer was awarded $320,000.00 in damages according to an investment related arbitration claim involving Conroy’s conduct, based upon allegations that Conroy churned the customer’s investment portfolio.
Moreover, on October 23, 2008, a customer initiated investment related arbitration claim regarding Conroy’s activities was resolved for $50,000.00 in damages based upon allegations that Conroy placed equity trades in the customer’s account that were neither suitable nor authorized. The customer also alleged that New Castle Financial Services failed to supervise Conroy’s activities. Further, on January 19, 2010, a customer initiated investment related arbitration claim involving Conroy’s conduct was settled for $60,000.00 in damages supported by allegations against Conroy of unsuitability, excessive commissions, and churning.
Since June 29, 1998, Conroy has been associated with five different broker dealers, four of which have been expelled by securities regulators for violation of federal securities laws or are otherwise defunct.
Guiliano Law Group
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