John C. Maccoll
I am Attorney John Murrin with over 40 years of experience representing clients. Murrin Law Firm investigates bad investments, (also called unsuitable investments), and bad brokers or the salespeople who sell them. If you have lost money in a bad investment and want to find out if you can get your money back or feel that you may have a claim against your broker, call us. We can advise you of your possible rights of recovery in a FINRA arbitration or through many other methods or funds available to compensate wronged investors.
We are currently investigating the activities of John C. Maccoll, a participant in the financial industry engaged in selling investments. We are interested in speaking with individuals about their experience with this person.
Information from SEC litigation release No 24230/August 9, 2018 relates to a charge against John C. Maccoll of defrauding his brokerage customers out of nearly 4 million dollars in a long-running investment scam:
According to the SEC’s complaint, John C. Maccoll, who was affiliated with the Birmingham, Michigan branch of a nationwide registered broker dealer and investment adviser, used high pressure sales tactics to solicit at least 15 of his retail brokerage customers to invest in what he described as a highly-sought-after private fund investment. Most of the injured customers were elderly and retired and invested through their retirement accounts. Maccoll told his customers that the purported fund investment would allow them to diversify their portfolios and that they would receive annual investment returns as high as 20%. He also assured them that this investment would give them investment growth potential that was better than the growth they received in their brokerage accounts. As alleged in the complaint, Maccoll’s statements to his customers were false – he did not invest the customers’ money but stole it for his own personal use. In total, the customers invested nearly $4 million in the fraudulent scheme. To conceal the scheme, Maccoll allegedly instructed his customers not to tell others about the purported fund investment, provided some of his customers with fake account statements reflecting fictitious returns, and paid over $400,000 in Ponzi-like payments to certain of the customers to keep the scheme alive.
He was working for UBS Financial Services Inc. until March 2018. He has been permanently barred from FINRA and the industry since then when he failed to respond to FINRA request for information. In the broker check there are many customer complaints. Most of the complaints were settled. If you were a victim of John C. Maccoll, call our office.
Murrin Law Firm, at 800-ACCIDENT (222-4336), helps people get their money back through multifaceted methods including looking into liability of individuals, their brokerage firms and through associated companies. Sometimes, if appropriate, there are other methods to access government and or other agencies and programs that might help a client get their money back. These include FINRA (Financial Industry Regulatory Authority), CSF (Client Security Funds), SIPC (Securities Investors Protection Corporation) and CFCF (Corporate Fraud Compensation Funds). We can also help in determining whether government reparations might be available through legislative bodies including state legislatures and Congress for purposes of compensating victims of investment losses.
We may even assist in putting together materials for government prosecutors to consider criminal and/or Securities and Exchange Commission (S.E.C.) actions. We can help you fight to get your investment monies back.
Contact a law firm who has made a career out of getting money back for investors. If you have concerns about any investment or Financial Services, please contact the Murrin Law firm at 800-ACCIDENT (222-4336) for a free evaluation of your case.
We also have extensive experience working with large groups of investors who have lost money in the same scheme or endeavor. If you are part of a group of investors wronged by the same investment scheme, it may be desirable to band together for economies of scale, and other reasons.
Please do not hesitate to call and discuss your matter at any time. Our service and assistance starts with a call. No question is too basic for us to try to answer. Calls are free and so are case evaluations. We often work on a contingency basis, meaning that we only charge attorney fees to investors if we obtain a recovery.
Call Murrin Law Firm for help in recovering the loss of your hard-earned money.
Murrin law firm is a private firm and not affiliated with any government or law enforcement agency. The information in this blog is believed correct, but should be checked through independent sources, and is just the opinion of this blog writer, John Murrin or Murrin Law Firm staff.
