Close Menu
Free Consultation: 888-976-6111

John Whalen: $1mm Complaint Against Wealth Strategies Group Advisor

Honolulu financial advisor John Whalen (CRD# 1900188) allegedly recommended unsuitable investments, according to a pending investor complaint. Financial Industry Regulatory Authority records show that he is a broker and investment advisor with Commonwealth Financial Network, doing business as Wealth Strategies Group.

Mr. Whalen’s BrokerCheck report discloses one pending investor complaint. Filed in May 2021, it alleges that as a representative of VSR Financial Services, he sold unsuitable alternative investments, including real estate and variable annuity products. For reference, FINRA Rule 2111 requires brokers to recommend only investments and investment strategies which they have a reasonable basis to believe are appropriate for their customers’ individual investment profiles. The pending complaint alleges damages of $1,117,597.10.

According to the Financial Industry Regulatory Authority, John Whalen holds 32 years of securities industry experience. Based in Honolulu, Hawaii, he has been a broker and investment advisor with Commonwealth Financial Network since 2015, doing business as Wealth Strategies Group. His past registrations include VSR Financial Services (Honolulu, Hawaii; 2010-2015), AXA Advisors (Honolulu, Hawaii; 1990-2010), and the Equitable Life Assurance Society of the United States (New York, New York; 1990-2000). His credentials include the passage of seven securities industry qualifying examinations: the Investment Company Products/Variable Contracts Principal Examination, or Series 26; the Uniform Investment Adviser Law Examination, or Series 65; the General Securities Principal Examination, or Series 24; the Uniform Securities Agent State Law Examination, or Series 63; the Investment Company Products/Variable Contracts Representative Examination, or Series 6; the Securities Industry Essentials Examination, or SIE; and the General Securities Representative Examination, or Series 7. He is licensed in Arizona, California, Colorado, Hawaii, Kansas, Minnesota, Nebraska, Nevada, North Carolina, Oregon, Pennsylvania, South Carolina, Texas, Virginia, Washington, and West Virginia. (Information current as of June 17, 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.

Facebook Twitter LinkedIn
Contact Us For A Free Case Evaluation
protected by reCAPTCHA Privacy - Terms
Latest Blog Posts
  • Tom Bates: $500K Complaint Against Bates Financial Advisor

    Columbus, Ohio financial advisor Tom Bates (CRD# 1037294) allegedly gave misleading investment advice, according to a recent investor complaint. Financial...

    Read More
  • Charlotte McConnell: Ex-Cetera Advisor Faces $300K Complaint

    Fort Collins, Colorado financial Charlotte McConnell (CRD# 1161160) recently received an investor complaint alleging that her advice resulted in damages....

    Read More
  • John Davenport: $150K Complaint Against J. Davenport Advisor

    Norwalk, Connecticut financial advisor John Davenport (CRD# 1448999) recently received an investor complaint alleging that his investment advice resulted in...

    Read More
  • Cissy Hutchinson: Synovus Securities Fires Athens Advisor

    Former Athens, Georgia broker Cissy Hutchinson (CRD# 2067670) was recently fired from Synovus Securities in connection with alleged rule violations....

    Read More
  • Previous
  • Next