Close Menu
Free Consultation: 888-976-6111

Josh Slocum: $181K Complaint Against Advisory Services Network Advisor

Birmingham financial advisor Josh Slocum (CRD# 4919492) recently received an investor complaint alleging his conduct resulted in damages exceeding $150,000. Records maintained by the Securities and Exchange Commission indicate that he is currently registered as an investment advisor with Advisory Services Network.

Mr. Slocum’s Investment Adviser Public Disclosure reveals one investor complaint against him. Filed in April 2023, it alleges that as a representative of Advisory Services Network, he “used an unsuitable and undiversified investment strategy.” The pending complaint alleges damages of $181,838.

Failure to diversify, also referred to as over-concentration or concentration, denotes an advisor’s failure to invest a client’s portfolio among a variety of assets. “A diversified portfolio,” FINRA explains, “tends to be harder to achieve than simply following the mantra: don’t put all your investment eggs in one basket.” To mitigate the risks of over-concentration, FINRA recommends diversifying one’s portfolio across and within major asset classes, rebalancing one’s portfolio on a routine basis, learning about the the mutual funds and exchange-traded funds in one’s portfolio, and keeping track of each investment’s liquidity.

According to the Securities and Exchange Commission, Josh Slocum holds 17 years of securities industry experience. Based in Birmingham, Alabama, he has been an investment advisor with Advisory Services Network since 2016. His registration history includes Clark Financial Advisors (Birmingham, Alabama; 2014-2016), Merrill Lynch (Birmingham, Alabama; 2006-2014), Merrill Lynch (Birmingham, Alabama; 2006-2014), and AXA Advisors (New York, New York; 2005-2006). His credentials include the passage of four securities industry qualifying exams: the General Securities Representative Examination, or Series 7; the Futures Managed Funds Examination, or Series 31; the Securities Industry Essentials Examination, or SIE; and the Uniform Combined State Law Examination, or Series 66. He is licensed in Alabama. (Information current as of May 14, 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.

Facebook Twitter LinkedIn
Contact Us For A Free Case Evaluation
protected by reCAPTCHA Privacy - Terms
Latest Blog Posts
  • Steve Bransburg: Gradient Advisor Fired by AllState

    Conroe, Texas financial advisor Steve Bransburg (CRD# 1003470) was recently terminated by a former member firm in connection with alleged...

    Read More
  • Leonard Suskind: UBS Advisor Received $1.5mm Complaint

    A recent, denied investor complaint against Hallandale Beach, Florida financial advisor Leonard Suskind (CRD# 1140599) alleged that his conduct resulted...

    Read More
  • Fred Hilton: $500K Complaint Against LPL Advisor

    Gainesville, Florida financial advisor Fred Hilton (CRD# 2161935) allegedly recommended unsuitable investments, according to a recent investor complaint. Financial Industry...

    Read More
  • Walter Schram: Ameriprise Advisor Lands $300K Complaint

    A recent investor complaint against Farmington Hills, Michigan financial advisor Walter Schram (CRD# 1728096) alleges that his conduct resulted in...

    Read More
  • Previous
  • Next