Joseph William Tonyan of Springfield Missouri a stockbroker currently employed by SagePoint Financial Inc. has been identified in a customer initiated investment related arbitration claim where the customer sought more than $5,000.00 in estimated damages founded on accusations of the SagePoint Financial customer’s investment portfolio having been allocated in a manner which was unsuitable for the customer and which had resulted in losses for the customer’s account.
This is not the first time that Tonyan has been accused of questionable sales practices by a customer of a securities broker dealer. Financial Industry Regulatory Authority (FINRA) Public Disclosure indicates that Tonyan has been referenced in a customer initiated investment related written complaint in which the customer requested more than $5,000.00 in estimated damages supported by allegations that a Pruco Securities Corporation customer had been provided with inappropriate mutual fund recommendations by Tonyan which caused the customer to experience investment losses.
FINRA Public Disclosure also reveals that Tonyan was discharged by former employer, LPL Financial, based upon accusations of him failing to comply with a document signature policy implemented by the securities broker dealer.
