John James McLaughlin IV, of Ponte Vedra Beach, Florida, a stockbroker formerly registered with Morgan Keegan & Company, Inc., is subject of a customer initiated investment related arbitration claim that settled for $6,500.00 in damages, which was founded on allegations including suitability, omissions and misrepresentation, breach of fiduciary duty, breach of contract and negligence in reference to exchange traded funds effected in the customer’s account. Financial Industry Regulatory Authority (FINRA) Arbitration No. 17-01182 (Aug. 24, 2017).
FINRA Public Disclosure reveals that McLaughlin is the subject of three additional customer initiated investment related disputes pertaining to allegations of his wrongdoing during the time he was registered with Morgan Keegan & Company, Inc. and Morgan Stanley. Particularly, a customer filed an investment related arbitration claim involving McLaughlin’s conduct, in which the customer sought $1,650,000.00 in damages founded on accusations that the auction rate preferred stock purchased by the customer had been misrepresented. FINRA Arbitration No. 11-00718 (Mar. 9, 2011).
Subsequently, an arbitration claim involving McLaughlin’s conduct was settled for $1,960,212.28 in damages based upon allegations of suitability and misrepresentation concerning the customer’s municipal bond holdings. FINRA Arbitration No. 10-03783 (July 11, 2011). Thereafter, a customer initiated investment related arbitration claim regarding McLaughlin’s activities was resolved for $24,999.00 in damages founded on allegations that McLaughlin effected unauthorized exchange traded fund and option trades in the customer’s account. FINRA Arbitration No. 16-02358 (Nov. 18, 2016).
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