FINRA Bars John Spach After Various Misconduct Allegations

John Spach (CRD#: 2731192) is a former registered broker and investment advisor whose last known employer was Kestra Investment Services, LLC (CRD#: 42046) of Aliso Viejo, CA. His previous employers include Financial Telesis Inc (CRD#: 31012) and Financial West Group (CRD#: 16668), both of Westlake Village, CA, and Sentra Securities Corporation (CRD#: 10249) of Phoenix, AZ. He has been in the industry since 1996.

Spach has three disclosures, all within a one-year time frame. The first was filed on 2/6/2018, after Spach introduced a non-firm client of his own independent registered investment advisor (RIA) to an outside investor. This client invested $450,000 into a promissory note with the outside investor. This activity took place completely outside of Kestra’s auspices, and the note later defaulted. The client informed Spach of the defalt, and Spach agreed to settle the account and reimburse the client for the full $450,000, plus interest until paid.

On 7/26/2018, NFP Retirement discharged Spach for multiple violations, including co-mingling client assets with his own, circumvention of firm policy, breaches of fiduciary duty, and misrepresentations to the firm, among other things.

The customer complaint was noted in his U5 termination form from Kestra. On 2/21/2019, FINRA barred Spach after he failed to provide requested information for its investigation into the firm’s allegations. FINRA issued an Acceptance, Waiver & Consent (AWC) letter to Spach, who signed it without admitting or denying any findings. Spach is barred indefinitely, in all capacities, and restricted from association with FINRA member brokers.

Spach has no other disciplinary actions.

Did You Invest With John Spach?

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