John R. Stevens, of Grand Junction, Colorado, is subject to several customer disputes. On February 18, 2016, Stevens became subject to a pending customer dispute, in which the customer requested $300,000.00 after alleging that Stevens had misrepresented aspects of a variable annuity, causing the customer to bear investment losses. On February 5, 2016, another customer lodged a complaint against Stevens, requesting $600,000.00 in damages resulting from Stevens’ misrepresentations concerning a variable annuity.
On September 10, 2014, Stevens became subject to a pending customer dispute, in which the customer requested $1,465,000.00 in damages per allegations against Stevens of misrepresenting investments in an oil and gas limited partnership. The customer was reportedly told of guarantees against loss regarding the investment, and that Stevens was not properly licensed to sell the investment.
On October 29, 2011, Stevens settled a customer dispute for $8,000.00 after customers claimed that investment accounts were not properly liquidated, which resulted in investment losses for customers. In another customer dispute, on March 20 2009, a customer alleged that Stevens failed to follow sell provisions in an investment agreement.
On April 30, 2014, Stevens was terminated from Wilbanks Securities Inc. amid allegations of putting investors into a secured notes investment program, despite such program not being approved by the firm and the firm never being notified regarding Wilbanks’ involvement in such. The firm also alleged that Stevens attempted to engage in securities business with clients by utilizing outside communication channels, where Stevens made improper guarantees to investors against market loss.
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.
