John Richard Boatright of Duluth Georgia a stockbroker formerly employed by Summit Brokerage Services Inc. is referenced in a customer initiated investment related written complaint on May 11, 2018 where the customer sought $46,000.00 in damages based upon allegations that the customer’s account was handled in a negligent manner and the customer was poorly advised about investing in equities.
Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that Boatright is referenced in two more customer initiated investment related disputes pertaining to accusations of Boatright’s violative conduct while employed with J.P. Turner & Company, L.L.C. Specifically, a customer initiated investment related arbitration claim concerning Boatright’s conduct was settled for $42,500.00 in damages supported by allegations including suitability, breach of fiduciary duty, negligence, churning and misrepresentation in reference to options and equity trades placed in the customer’s account. National Association of Securities Dealers (NASD) Arbitration No. 00-00909 (Feb. 13, 2001).
Then, a customer initiated investment related arbitration claim involving Boatright’s activities was resolved for $50,000.00 in damages founded on accusations that the customer was charged unwarranted commissions and the customer’s equity portfolio had been churned. NASD Arbitration No. 01-2802 (Sept. 3, 2002).
Boatright’s registration with Summit Brokerage Services has been terminated as of September 2, 2016. His employment with Newbridge Securities Corporation commenced on September 7, 2016.
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