John Joseph Conroy of New York, New York, a stockbroker formerly registered with Andrew Garrett Inc., is referenced in a customer initiated investment related FINRA securities arbitration claim which was settled for $14,999.00 in damages supported by allegations of negligence and fraud as it pertained to stock trades executed in the customer’s account while Conroy was registered with Andrew Garrett. Financial Industry Regulatory Authority (FINRA) Arbitration No. 19-02038 (November 16, 2021). The claim also contains accusations of breach of fiduciary and breach of contract concerning common and preferred stock transactions.
Conroy has been identified in five additional customer initiated investment related disputes containing allegations of his activities while employed by securities broker dealers, including Benson York Group Inc., New Castle Financial Services, and Andrew Garrett Inc. FINRA Public Disclosure shows that a customer initiated investment related FINRA securities arbitration claim regarding Conroy’s conduct was resolved for $24,999.99 in damages founded on accusations of unauthorized trading of over-the-counter equities by Conroy during the time that he was associated with Benson York Group.
Another customer who brought an investment related FINRA securities arbitration claim was awarded $201,345.00 in compensatory damages and $30,000.00 in punitive damages based on Conroy being found liable for fraud and violating Alabama securities law, including Alabama Securities Act Section 8-6-17. The Statement of Claim alleges misrepresentation, breach of contract, and deceptive practices relating to the customer’s investments in OmniVision Technologies, IPIX Corp., Qiao Xing Univ Telephone Inc., Cal-Maine Foods Inc., Brightpoint Inc., Immunomedics Inc., and Rae Systems Inc.
Another customer initiated investment related FINRA securities arbitration claim concerning Conroy’s activities was settled for $50,000.00 in damages based upon allegations of unauthorized and unsuitable trades when Conroy was employed by New Castle Financial Services. According to the claim, the securities broker dealer failed to supervise over-the-counter equities transactions resulting in losses.
Conroy is also the subject of a customer initiated investment related FINRA securities arbitration claim which was resolved for $150,000.00 in damages supported by accusations of failure to supervise, unsuitable trading, and churning while Conroy was registered with Benson York Group and New Castle Financial Services.
An additional customer initiated investment related FINRA securities arbitration claim involving Conroy’s conduct was settled for $7,000.00 in damages founded on allegations of Conroy making unsuitable over-the-counter equities trades for the customer’s account at Andrew Garrett. FINRA Arbitration No. 17-00728 (May 6, 2020).
Conroy was registered with Andrew Garrett between August 20, 2018, and April 20, 2018.