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John Bussa: Southfield Advisor Has Oil & Gas Complaint

Lincoln Financial Advisors Corporation representative John Bussa (CRD# 4418922) has received multiple investor complaints alleging his investment advice resulted in damages. Financial Industry Regulatory Authority records show that he is a broker and an investment advisor based in Southfield, Michigan. 

Mr. Bussa’s BrokerCheck report discloses several investor complaints. The most recent, filed in February 2022, alleges that as a representative of Lincoln Financial Advisors Corporation, he recommended an unsuitable oil and gas product. The pending complaint alleges unspecified damages believed to be greater than $5,000.

An earlier investor complaint, filed in 2016, alleged that as a representative of Lincoln Financial Advisors, he sold illiquid and unsuitable investments in oil and gas and real estate products. The complaint alleged unspecified damages and was closed after the firm “found no evidence to support the client’s allegations and confirmed the client received the appropriate disclosures and information to make an informed decision.”

A third investor complaint, filed in 2009, alleged that he breached his fiduciary duty, failed to monitor investments, failed to diversify investments, and engaged in negligence in connection to investments in a closed-end fund and auction rate securities. The complaint alleged damages of $26,414.84 before it was denied by the firm, Lincoln Financial Advisors.

A fourth investor complaint, filed in 2008, alleged he misrepresented the death benefit of a variable annuity sold in May 2005. In 2009 the complaint reached a settlement of $121,787.98.

According to the Financial Industry Regulatory Authority, John Bussa holds 21 years of securities industry experience. Based in Southfield, Michigan, he has been a broker and an investment advisor with Lincoln Financial Advisors Corporation since 2001 and 2011, respectively. He was previously registered with the Lincoln National Life Insurance Company in Fort Wayne, Indiana from 2001 until 2006. His credentials include the passage of four securities industry qualifying examinations: the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; the Uniform Combined State Law Examination, or Series 66; and the Uniform Investment Adviser Law Examination, or Series 65. He holds 20 state licenses. (Information current as of July 31, 2022.)

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.

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