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National Investment Fraud Lawyers

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Were You the Victim of Independent Financial Group, LLC Financial Advisor John Cione?

Posted on Thursday, January 31st, 2019 at 10:07 pm    

Independent Financial Group, LLC logo

Erez Law is currently investigating Independent Financial Group, LLC financial advisor John Cione (CRD# 1742561) regarding investment losses. Cione has been registered with Independent Financial Group, LLC in San Diego, California since 2003.

In December 1990, the National Association Of Securities Dealers, Inc. censured Cione and ordered him to pay a $2,000 fine.

Cione has been the subject of one customer complaint, according to his CRD report:

July 2018. “Alleges that between September 2007 and August 2016 representative made unsuitable recommendations, resulting in losses and lost opportunity.” The customer is seeking $671,490 in damages and the case is currently pending. This case is regarding variable annuities, direct investments, oil and gas investments and real estate investment trusts (REITs).

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, Independent Financial Group, LLC may be liable for investment or other losses suffered by Cione’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.