In June 2020, Jonmark Richardson recommended an investment in a private placement that later failed. Mr. Richardson is presently an investment advisor representative and sole owner of Financial Partners of America ("FPA"), which is a licensed insurance producer. Plaintiff claims the investment was unsuitable and asserts causes of action against FPA and Mr. Richardson for breach of fiduciary duty, securities fraud, professional negligence, constructive fraud, negligent misrepresentation, and punitive damages and a claim of control person liability against Mr. Richardson.

$219,000.00

$354,396.05

Civil

District Court of Kansas

Mr. Richardson acted as a Promoter for a Private Equity Firm, Premier Global Investments, that later was sued by Oklahoma and Kansas Regulators. The allegations against Premier Global involve misrepresentations, Omissions and financial improprieties. The lawsuit pending against Mr. Richardson was brought to recover the commissions earned by Mr. Richardson in his rola as solicitor for the fund.

In August 2019, Jonmark Richardson recommended an investment in a private placement that later failed. Mr. Richardson is presently an investment advisor representative. This customer complained that the investment was unsuitable.

$134,952.00

$84,000.00

In December 2019, an colleague of Jonmark Richardson recommended an investment in a private placement to the plaintiffs that later failed. Mr. Richardson is presently an investment advisor representative and sole owner of Financial Partners of America ("FPA"), which is a licensed insurance producer. Plaintiffs claim the investment was unsuitable and asserts causes of action against FPA and Mr. Richardson for breach of fiduciary duty, securities fraud, negligence, constructive fraud, negligent misrepresentation, breach of contract and breach of implied covenant of good faith and fair dealing, and punitive damages against Mr. Richardson and FPA.

$200,000.00

$84,000.00