Godfrey Investment Group’s Jack Godfrey Has Investor Complaints

Zeeland, Michigan broker and investment advisor Jack Godfrey (CRD# 2928652) has received investor complaints alleging he engaged in misconduct. Financial Industry Regulatory Authority records show that he is a representative of LPL Financial, doing business as Godfrey Investment Group. 

Mr. Godfrey’s BrokerCheck report discloses two recent investor complaints. The most recent, filed in April 2022, alleges that he made misrepresentations relating to mutual fund investments between November 2020 and April 2022. The pending complaint alleges unspecified damages believed to exceed $5,000.

A second complaint, filed in June 2021, alleges that as a representative of LPL Financial, he recommended unsuitable investments in business development companies. (For reference, FINRA rules require brokers like Jack Godfrey to abide by the suitability standard, which stipulates that they may only recommend their clients invest in products or strategies that are considered suitable for their particular investment profiles.) The pending complaint alleges damages between $50,000 and $100,000.

According to the Financial Industry Regulatory Authority, Jack Godfrey holds 24 years of securities industry experience. Based in Zeeland, Michigan, he has been a broker and investment advisor since 2004 and 2011, respectively, doing business as Godfrey Investment Group. He was formerly registered with Edward Jones in St. Louis, Missouri, from 1997 until 2004. His credentials include the passage of four securities industry qualifying examinations: the General Securities Representative Examination, or Series 7; the Uniform Investment Adviser Law Examination, or Series 65; the Securities Industry Essentials Examination, or SIE; and the Uniform Securities Agent State Law Examination, or Series 63. He holds 30 state licenses. (Information current as of June 13, 2022.)

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