American Portfolios Financial Services, Inc. Broker John Reese Variable Annuity Losses

American Portfolios Financial Services

There are options for customers of American Portfolios Financial Services, Inc. broker John Reese (CRD# 1511243) who suffered investment losses due to variable annuities. He has been registered with American Portfolios Financial Services, Inc. in Boardman, Ohio since 2017. Previously, he was registered with Invest Financial Corporation in Boardman, Ohio from 2008 to 2017.

John Reese Customer Complaints

He has been the subject of four customer complaints between 1999 and 2022, according to his CRD report. The most recent complaint was regarding: 

July 2022. “Customer alleges Registered Representative failed to notify her of the mandatory annuitization deadline.” The customer is seeking $132,879.62 in damages and the case is currently pending. The complaint was regarding variable annuities.

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, American Portfolios Financial Services, Inc. may be liable for investment or other losses suffered by John Reese’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.