FINRA Broker Allegations

Allegations against: Jack William Teboda

Allegation type: Customer Dispute

Allegation status: Settled

The allegations read: [customer]\\u00a0alleges\\u00a0that\\u00a0mr.\\u00a0teboda's\\u00a0sale\\u00a0of\\u00a0two\\u00a0non\\u00adtraded\\u00a0real\\u00a0estate\\u00a0investment\\u00a0trusts\\u00a0("reits")\\u00a0were\\u00a0unsuitable\\u00a0considering\\u00a0the\\u00a0[customer's] time\\u00a0horizon\\u00a0and\\u00a0risk\\u00a0tolerance.\\u00a0[customer]\\u00a0argues\\u00a0that\\u00a0the\\u00a0sale\\u00a0of\\u00a0these\\u00a0reits\\u00a0by\\u00a0mr.\\u00a0teboda\\u00a0constitutes\\u00a0breach\\u00a0of\\u00a0fiduciary\\u00a0duty,\\u00a0fraud\\u00a0and misrepresentation,\\u00a0unjust\\u00a0enrichment,\\u00a0breach\\u00a0of\\u00a0contract,\\u00a0negligence,\\u00a0and\\u00a0violations\\u00a0of\\u00a0illinois\\u00a0securities\\u00a0law\\u00a0and\\u00a0finra\\u00a0rules.\\u00a0approximate\\u00a0dates when\\u00a0activities\\u00a0leading\\u00a0to\\u00a0the\\u00a0allegation(s)\\u00a0occurred:\\u00a02007\\u00ad-2016.