National investment loss lawyers KlaymanToskes is investigating broker John Kersey (CRD# 1480524) of Northwestern Mutual Investment Services.
According to FINRA BrokerCheck, barred financial advisor John Kersey of Northwestern Mutual Investment Services is involved in several customer complaints alleging $1,806,219 in collective investor damages. One of the customer complaints relates to the recommendation of a 1035 exchange of a Northwestern Mutual non-variable life insurance policy to an outside variable investment that was unsuitable. Another customer alleges that they gave money to the representative and that the representative misled the customer to believe that this money was used to invest on the customer’s behalf in a bond fund.
Investors that suffered losses with broker John Kersey are encouraged to contact attorney Lawrence L. Klayman, Esq., at 888-997-9956 or by email at investigations@klaymantoskes.com to discuss potential recovery options. We do not collect attorney’s fees unless we are able to obtain a financial recovery for you.
Financial advisor John Kersey, formerly of Northwestern Mutual Investment Services, is currently facing several customer complaints alleging $1,806,219 in collective investor damages. One of the customer complaints alleges that Kersey recommended a 1035 exchange of a Northwestern Mutual non-variable life insurance policy to an outside variable investment and that the recommendation was unsuitable. A second pending customer complaint alleges the customer gave money to the representative and that the representative misled the customer to believe that this money was used to invest on the customer’s behalf in a bond fund. The Firm allegedly has no record of this transaction. Kersey was permanently barred from acting as a broker by FINRA in November 2023 for failing to respond to FINRA’s requests for information.
As an investor, there are a few signs that you should look out for if you believe you may have a claim against your financial advisor. These signs could potentially indicate misconduct, negligence, or investment fraud. Investors are encouraged to contact our firm immediately if you have experienced any of the following:
Some investors have close relationships with their brokers due to the time and trust built over the course of their investment relationship. However, it is crucial to remember that financial decisions should be based on careful analysis and due diligence rather than solely relying on personal relationships.
Engaging the services of an experienced securities attorney to evaluate your specific circumstances is strongly advised. At KlaymanToskes, our team of experienced securities attorneys has a deep understanding of this complex area of law, allowing us to provide invaluable insight and tailored guidance that directly addresses your individual needs.
If you suffered losses with broker John Kersey, or have concerns regarding your investment portfolio at Northwestern Mutual Investment Services, or with any other financial advisor or firm, contact KlaymanToskes at 888-997-9956 or fill out a short contact form for a free and confidential consultation.