Indianapolis financial advisor Steve Haskell (CRD# 6864948) recently received an investor complaint alleging his advice resulted in six-figure damages. Financial...Read More
Port Huron Advisor Jeff Poosch Receives Walton Land Complaint
A recent investor complaint against Port Huron, Michigan financial advisor Jeff Poosch (CRD# 2490703) details allegation regarding an investment in Walton Land Fund 3. Financial Industry Regulatory Authority records show that he is a broker with Prospera Financial Services, doing business as Jeff Poosch Financial Services.
Mr. Poosch’s BrokerCheck report discloses several investor complaints. The most recent, filed in June 2022, alleges that as a representative of Summit Brokerage Services, he breached his fiduciary duty, recommended unsuitable investments, made misrepresentations and omissions of material facts, and failed in his supervisory duties in connection with an investment in Walton Land Fund 3, a real estate private placement. The pending complaint alleges damages of $300,000.
An earlier investor complaint, filed in 2016, alleged he failed to disclose the penalties associated with a variable annuity’s free look period. In 2017 the complaint reached a settlement of $6,269.54.
A third investor complaint, filed in 2013, alleged that he recommended a mutual fund investment that decreased in value. In 2014 the complaint reached a settlement of $5,807.65.
According to the Financial Industry Regulatory Authority, Jeff Poosch holds 28 years of securities industry experience. Based in Port Huron, Michigan, he has been a broker with Prospera Financial Services since April 2021, doing business as Jeff Poosch Financial Services. His past registrations include Cetera Advisor Networks (Port Huron, Michigan; 2019-2021), Summit Brokerage Services (Fort Gratiot, Michigan; 2007-2019), Raymond James Financial Services (Fort Gratiot, Michigan; 2004-2007), and Edward Jones (St. Louis, Missouri; 1994-2004). His credentials include the passage of five securities industry qualifying exams: the General Securities Sales Supervisor – General Module Examination, or Series 10; the General Securities Sales Supervisor – Options Module Examination, or Series 9; the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; and the Uniform Securities Agent State Law Examination, or Series 63. He is licensed in Alabama, Arizona, California, Colorado, Florida, Georgia, Illinois, Iowa, Louisiana, Michigan, Minnesota, Nebraska, New York, North Carolina, Ohio, Texas, and Wisconsin. (Information current as of October 12, 2022.)
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