Corpus Christi financial advisor Jaime Rios (CRD# 1747126) was recently sanctioned by securities regulators in connection with alleged rule violations....Read More
John Anderson: Ex-AE Wealth Advisor Faces $600K Complaint
Gainesville, Georgia financial advisor John Anderson (CRD# 5922928) has received multiple investor complaints alleging his conduct resulted in six-figure losses. Securities and Exchange Commission records show that he is an investment advisor with Anderson Advisors, having previously been registered with AE Wealth Management and Global Financial Private Capital.
Mr. Anderson’s Investment Adviser Public Disclosure form discloses two investor complaints. The most recent, filed in May 2023, alleges that as a representative of AE Wealth Management and Global Financial Private Capital, he violated the Georgia Securities Act, negligently misrepresented material facts, and breached his fiduciary duty “in regards to the risks and benefits” of investments in fixed annuities. The pending complaint alleges damages of $600,000.
An earlier investor complaint, filed in March 2022, alleges that as a representative of Global Financial Private Capital, he executed an unauthorized sale of 4,000 shares of stock in March 2018. The pending complaint alleges damages of $100,000.
For reference, FINRA Rule 2020 states that no FINRA-registered representative shall “effect any transaction in, or induce the purchase or sale of, any security by means of any manipulative, deceptive or other fraudulent device or contrivance.” Representatives who misrepresent material information in regards to the products they recommend may be found liable for violating this rule.
According to the Securities and Exchange Commission, John Anderson holds 12 years of securities industry experience. Based in Gainesville, Georgia, he has been an investment advisor with Anderson Advisors since November 2022. His registration history includes AE Wealth Management (Gainesville, Georgia; 2018-2023) and Global Financial Private Capital (Gainesville, Georgia; 2011-2018). His credentials include the passage of one securities industry qualifying exam: the Uniform Investment Adviser Law Examination, or Series 65. He is licensed as an investment advisor in Georgia. (Information current as of July 9, 2023.)
Carlson Law represents investors throughout the United States in claims against financial advisors and investment firms. If you or a loved one have suffered investment losses, please call us at 888-976-6111 or complete our contact form for a free and confidential consultation.