John Anthony Kailunas II of Kentwood Michigan is a stockbroker currently registered with Regulus Advisors LLC who is the subject of a customer initiated investment related civil action brought in the Albemarle Circuit Court of Albemarle County Virginia in which the customer sought over one million eight hundred thousand dollars in damages supported by accusations that (1) misrepresentations were made to the customer about an investment strategy concerning Triton Sitework Development LLC by way of the investment strategy lacking balance and diversification and exposing the customers to a high level of investment risk (2) the customers’ promissory note transactions were not suitable for them and (3) the firm failed to supervise Kailunas’ activities relating to the customers’ investment portfolio. Civil Action No. 003CL16000824-00 (Dec. 6 2016).
FINRA Public Disclosure reveals that on November 15, 2006, a customer filed an investment related written complaint involving Kailunas’ conduct while associated with Sunamerica Securities, Inc., in which the customer requested $7,500.00 in damages founded on allegations that the customer’s variable annuity purchases were not suitable for the customer, and misrepresentations had been made with respect to mutual fund transactions effected in the customer’s account.
Moreover, on January 17, 2000, Kailunas was terminated from his previous brokerage firm, Signator Investors, Inc., based upon accusations that he neglected to turn in customer account documentation and had engaged in outside business activities that the firm never approved.
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