Published On: September 12, 2016

Last month, the state of Connecticut Department of Banking issued a cease-and-desist order against John Rafal, founder and former chief executive of Essex Financial Services. Essex is a registered investment advisor and broker-dealer owned by Essex Savings Bank. In 2015, Mr. Rafal was suspended from the industry, after charges against him that he wrote checks from his personal account to a lawyer who was not an investment advisor, in exchange for a referral of a large account. He was subsequently fired from Essex that same year. The state of Connecticut recently charged him with omitting material facts and unethical business practices.

According to his Financial Industry Regulatory Authority (FINRA) BrokerCheck report online, Rafal was registered with Cigna Securities, Integrated Resources Equity Corp, Broad Reach Capital, Raymond James and Essex in Essex, Connecticut from September 2003 until December 2015. He has one customer dispute against him. He is not licensed within the industry. Please call us today if you invested money with John Rafal. You may be able to sue Essex Financial Services for not properly supervising Rafal and allowing him to make transgressions. The call to us is free with no obligation. 312-332-4200.

Disclaimer

The posting on this site are mere OPINIONS and NOT statements of fact in any way whatsoever. The information should not be relied upon and there have been no findings made against the firms or individuals referenced on this site. In addition, this Blog is made available for educational purposes only and incorporates information from the web as well as to give you general information and a general understanding of the law, not to provide specific legal advice. By using this blog site you understand that there is no attorney client relationship between you and Stoltmann Law Offices (161 N Clark Street 16th Floor Chicago, IL 60601). The Blog opinions should not be used as a substitute for competent legal advice from a licensed professional attorney in your state.

PLEASE NOTE THIS IS ADVERTISING AND IT IS NOT A NEWSPAPER ARTICLE OR POST FROM AN INDEPENDENT OR NON-BIASED, NEWS SITE, NEWS SOURCE OR NEWSPAPER.

Chicago Investment Fraud Attorneys Offering Nationwide Representation to Investors

If you have suffered financial losses because of the negligence or fraud of your financial advisor or broker through unsuitable investment recommendations, over-concentration, churning, misrepresenting risks, conversion or selling away, you have legal rights and options to pursue recovery of those losses.

Stoltmann Law Securities Investment Fraud Attorneys