John Thomas Holly Sr of National Securities Corporation is referenced in a customer initiated investment related arbitration claim where the customer sought $500,000.00 in damages founded on accusations including (1) breach of contract (2) negligence and (3) breach of fiduciary duty relating to the customer’s government debt investments. Financial Industry Regulatory Authority (FINRA) Arbitration No. 18-00054 (Jan. 17, 2018).
FINRA Public Disclosure reveals that Holly has been identified in four more customer initiated investment related disputes pertaining to allegations of Holly’s violative conduct during the period that he was employed by First Union Securities Financial Network Inc. and JWGenesis Securities. Specifically, on February 28, 2001, a customer initiated investment related complaint regarding Holly’s activities was resolved for $6,000.00 in damages supported by accusations of misrepresentations and inappropriate investment recommendations having been made to the customer concerning corporate debt investments.
Thereafter, on April 7, 2003, a customer initiated investment related arbitration claim regarding Holly’s conduct was settled for $190,000.00 in damages based upon allegations that excessive and unsuitable over-the-counter equities transactions had been executed in the customer’s account. National Association of Securities Dealers (NASD) Arbitration No. 02-01425 (Apr. 7, 2003).
The information contained herein has been obtained from reliable sources however may not be accurate and is not guaranteed by us. Readers are encouraged to undertake their own independent investigation and evaluation of the relevant facts. All claims and allegations are subject to adjudication, decisions may be subject to appeal, and no inference is intended, nor should any inference be made from any information contained herein from any source.
This posting and the information on our website is for general information purposes only. This content should be not considered legal advice, and any responses, comments, e-mails, other communications do not form any attorney client relationship. Attorney Advertisement. See Important Disclaimer
Guiliano Law Group
Our practice is limited to the representation of investors. We accept representation on a contingent fee basis, meaning there is no cost to you unless we make a recovery for you. There is never any charge for a consultation or an evaluation of your claim. For more information, contact us at (877) SEC-ATTY.
For more information concerning common claims against stockbrokers and investment professionals, please visit us at securitiesarbitrations.com
To learn more about FINRA Securities Arbitration, and the legal process, please visit us at securitiesarbitrations.com
