National investment loss lawyers KlaymanToskes is investigating broker Luke Schunk of Moloney Securities (CRD #2387553).
According to FINRA BrokerCheck, broker Luke Schunk of Moloney Securities is currently facing an investor dispute alleging that he recommended unsuitable investments and engaged in negligence, with the investor seeking $50,000.
Investors that suffered losses with broker Luke Schunk are encouraged to contact attorney Lawrence L. Klayman, Esq., at 888-997-9956 or by email at investigations@klaymantoskes.com to discuss recovery options. We do not collect attorney’s fees unless we are able to obtain a financial recovery for you.
Luke Schunk, a broker registered with Moloney Securities, is involved in an investor dispute, according to his FINRA BrokerCheck record. The dispute, dated June 27, 2024, alleges that Schunk recommended investments that were not suitable and was negligent. The investor is seeking to recover $50,000 in damages. Over his 30-year career, Schunk has worked with three firms: Moloney Securities, Eagle One Investments, and Investment Centers of America.
FINRA Rule 2111, known as The Suitability Rule, requires brokers to make investment recommendations that fit the specific needs of their clients. This rule means brokers must consider things like the investor’s goals, age, risk tolerance, time horizon, investing experience, and tax status. If an investment does not meet these criteria, it may be considered unsuitable.
As an investor, there are a few signs that you should look out for if you believe you may have a claim against broker Luke Schunk. These signs could potentially indicate misconduct, negligence, or investment fraud. Investors are encourage 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 Luke Schunk, or have concerns regarding your investment portfolio at Moloney Securities, contact KlaymanToskes at 888-997-9956 or fill out a short contact form for a free and confidential consultation.