Cetera Sued For Defective Investment Advice
Joanna Moran (also known as Joanna Brost) of Hawthorne Nevada a stockbroker currently registered with Cetera Advisor Networks LLC is the subject of a customer initiated investment related arbitration claim which was settled for $25,000.00 in damages based upon allegations that the customer was provided with unsuitable investment advice by Moran regarding an investment in real estate securities during the period in which the stockbroker was associated with Cetera Advisor Networks. Financial Industry Regulatory Authority (FINRA) Arbitration No. 19-03550 (May 20, 2020).
FINRA Public Disclosure confirms that Moran has been identified in two additional customer initiated investment related disputes concerning accusations of her misconduct. Moran has been identified in a customer initiated investment related civil action brought in the Superior Court of California where the customer sought $14,000.00 in damages founded on accusations that misrepresentations were made concerning an annuity that was sold to the customer while Moran was employed by Morgan Stanley Co. Incorporated. Civil Action No. 37-200-00083125-CU-PN-CTL.
On March 20, 2019, a customer filed an investment related complaint pertaining to Moran’s conduct in which the customer requested at least $5,000.00 in damages supported by allegations that the Cetera Advisor Networks customer had been placed into unsuitable real estate securities and variable annuities between February of 2014 and March of 2019.