Former J.P. Turner & Company, L.L.C. Broker Gilbert Conrad Investment Loss Options
Posted on Tuesday, November 24th, 2020 at 8:45 pm
Erez Law is currently investigating former J.P. Turner & Company, L.L.C. broker Gilbert Conrad (CRD# 2746778) regarding investment losses. Conrad has been registered with Arkadios Capital in Lewiston, New York since February 2020. Previously, Conrad was registered with Independent Financial Group, LLC in Lewiston, New York from 2016 to 2020, with Summit Brokerage Services, Inc. in Lewiston, New York from 2015 to 2016, and with J.P. Turner & Company, L.L.C. in Lewiston, New York from 2012 to 2015.
Conrad has been the subject of two customer complaints between 2013 and 2020, according to his CRD report:
July 2020. “Unsuitable product, 2014.” The case is currently pending. The complaint was regarding alternative investments and took place while Conrad was registered with J.P. Turner & Company, L.L.C.
June 2013. “Clients allege misrepresentation, common law fraud, unsuitable investments, negligence, violation of Nebraska securities law, breach of contract and breach of fiduciary duty.” The customer sought $2,850,352.99 in damages and the case was settled for $235,000. The complaint was regarding real estate securities and took place while Conrad was registered with J.P. Turner & Company, L.L.C.
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, J.P. Turner & Company, L.L.C. may be liable for investment or other losses suffered by Conrad’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If and 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.