John Elliot McCune Jr., of Portsmouth, New Hampshire, a stockbroker associated with LPL Financial LLC, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $50,000.00 in damages based upon allegations that McCune failed to follow the customer’s instructions of consulting one of her children before taking any actions in her account. The claim alleged a withdrawal of funds that were paid to a third party in relation to a suspected financial scam. FINRA Arbitration No. 21-01436 (April 23, 2022).
This is not the first time that McCune has been referenced in a customer initiated investment related dispute concerning McCune’s conduct in the securities industry. FINRA Public Disclosure shows that McCune was also referenced in a customer initiated investment related complaint that was settled on April 21, 2008, for $9,392.21 in damages based upon allegations that McCune failed to properly explain how a stop-loss order on General Electric stock would function.
McCune has been associated with LPL Financial LLC in Portsmouth, New Hampshire since July 22, 2005. He has also been associated with Gulfstream Financial Group LLC in Portsmouth, New Hampshire, since September 15, 2005.