Erez Law Investigates Summit Brokerage Services, Inc. Financial Advisor Jeffrey Poosch for Unauthorized Trading

Summit Brokerage Services

Did you lose money investing with Summit Brokerage Services, Inc. broker Jeffrey Poosch (CRD# 2490703) regarding unsuitable investment recommendations? He has been registered with Prospera Financial Services, Inc. in Port Huron, Michigan, since 2021.

Previously, he was registered with Summit Brokerage Services, Inc. in Fort Gratiot, Michigan, from 2007 to 2021. 

Jeffrey Poosch Customer Complaints

Jeffrey Poosch has been the subject of five customer complaints between 2013 and 2022, two of which were denied, according to his CRD report. The most recent complaint was regarding: 

August 2022. “Customer alleges breach of fiduciary duty, unsuitability, misrepresentation and omission of facts, failure to supervise in the Advisor’s recommendation of Walton Land Fund 3, a real estate private placement purchased by the Customer in 2014.” The customer is seeking $300,000 in damages. 

Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Summit Brokerage Services, Inc. may be liable for investment or other losses suffered by Jeffrey Poosch’s customers.

Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.

"*" indicates required fields

Please do not include any confidential or sensitive information in this form. Submitting this form does not create an attorney-client relationship.

Author: Jeffrey Erez

The founder of Erez Law, Jeffrey Erez, focuses exclusively on securities arbitration and litigation. Mr. Erez passionately believes in representing aggrieved investors and obtaining justice for his clients through litigation.