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Broker Misconduct Investigation: Justin Mackie (Arete Wealth Management, LLC)

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Updated on: March 15, 2024

National investment loss lawyers KlaymanToskes is investigating Justin Mackie of Arete Wealth Management, LLC (CRD #4736154).

Justin Mackie is a broker registered with Arete Wealth Management, LLC since 2015, is currently facing one customer complaint accusing him of unsuitable investment recommendations in May 2017, September 2019, and January 2021, with the customer seeking $257,500 in damages.

Investors that suffered losses with Justin Mackie (Arete Wealth Management, LLC) are encouraged to contact attorney Lawrence L. Klayman, Esq., at 888-997-9956 or by email at lawrence@klaymantoskes.com to discuss recovery options. We do not collect attorney’s fees unless we are able to obtain a financial recovery for you.

Arete Broker Justin Mackie Accused of Alternative Investment Losses

Justin Mackie, a broker registered with Arete Wealth Management, LLC, is currently under scrutiny for allegations of unsuitable investment recommendations. Mackie, who has been associated with the Henderson, Nevada-based firm since 2015, is facing a customer complaint seeking significant financial reparations.

The origins of the complaint can be traced back to three separate instances, specifically in May 2017, September 2019, and January 2021.

In each of these instances, the client alleges that Mackie made investment recommendations that were not suitable for their financial situation or risk tolerance. The investments in question are of an alternative nature, although the specifics of these investments have not been disclosed.

The customer lodged the complaint in February 2023 and is currently seeking damages amounting to $257,500. This is not the first time that alternative investments have been the subject of controversy. These types of investments, which include assets like hedge funds, private equity, and commodities, are known for their high-risk, high-reward nature.

While they can provide investors with significant returns, they can also lead to substantial losses, particularly for investors who are not adequately informed about the risks involved.

Who is Justin Mackie of Arete Wealth Management, LLC?

Justin Mackie has been a broker with Arete Wealth Management, LLC since 2015. In February 2023, he was the subject of one customer complaint, alleging unsuitable investment recommendations from May 2017, September 2019, and January 2021. The customer is seeking $257,500 in damages, and the case is currently pending.

Signs Investors Should Look Out For About Their Brokerage Accounts

As an investor, there are a few signs that you should look out for if you believe you may have a claim against Justin Mackie. 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:

  • You have substantial losses in your investment accounts
  • You received a call, email, or other communication from your broker’s supervisor or manager regarding your portfolio
  • Your broker misrepresented investment opportunities, or failed to disclose details about investments
  • You notice unauthorized transactions in your investment accounts
  • Your broker is not returning your calls or emails
  • You filed a complaint with your brokerage firm that has not been resolved
  • You see a mistake on your statement, or receive a fraudulent statement

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 Justin Mackie, or have concerns regarding your investment portfolio at Arete Wealth Management, LLC, contact KlaymanToskes at 888-997-9956 or fill out a short contact form for a free and confidential consultation.