If you have lost money investing with Jon Cox or in Proton Power, Inc., you may be able to recover your losses through FINRA arbitration or securities litigation.
The Financial Industry Regulatory Authority (FINRA) recently filed a complaint against stockbroker Jon Cox alleging that he may have engaged in unauthorized outside business activities, and private securities transactions (known as "selling away"). Jon Cox was allegedly terminated by LPL as a result of the allegations of outside transactions. According to FINRA records, John Cox was associated with Investment and Retirement Services Group in Knoxville, TN and that Cox is a sales agent for Proton Power, Inc.
In the securities industry, when a stockbroker like Jon Cox sells investments (such as Proton Power, Inc.) that are not approved by the brokerage firm they are registered with it is called “selling away”. Generally speaking, stockbrokers are required to only sell investments that have been reviewed and approved by the brokerage firm they are registered with. Even if a broker sells investments that are not approved to customers of the firm, in many cases the brokerage firm may be held liable for losses in those investments even if the investment itself was not approved. Moreover, because brokerage firms have a regulatory duty to supervise its brokers like Jon Cox and the transaction itself to ensure that securities are suitable for the firm customers, brokerage firms may be held liable for “selling away” if investors suffer losses in unapproved investments.
If you have ever lost money investing with Jon Cox or investing in Proton Power, Inc., you may be able to recover your losses through FINRA arbitration or securities litigation. Please call Kons Law Firm at (860) 920-5181 for a FREE, NO OBLIGATION consultation to discuss your investment loss recovery options.
Kons Law Firm represents investors nationwide in securities arbitration and litigation matters. To learn more about the Firm’s securities litigation and FINRA arbitration practice, please visit www.investmentfraudattorneys.com.
