Category Archives: Janney Montgomery Scott

Gerald Maisner-RBC Capital Markets Broker-Discloses Pending Customer Dispute Over Energy Bonds

April 2017- Westport, CT

The FINRA records of  Irwin Gerald Maisner ,  a  stockbroker who is currently employed by RBC Capital Markets and, until recently,  was  employed by  Janney Montgomery Scott  disclose 2 prior final customer disputes and a currently pending customer dispute.

The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.

In pending FINRA arbitration #16-2978, a customer of Janney Montgomery Scott and RBC Capital Markets alleges damages of $250,000 for an unsuitable recommendations in energy bonds.

Gerald Maisner  was employed by Janney Montgomery Scott from 2002-2014. Maisner has been employed by RBC Capital Markets since 12/2014.

If you have losses in an account in an account handled by Gerald  Maisner  , contact us to discuss how you may be able to recover damages for those losses.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Senator Elizabeth Warren Criticizes Wall Street For Inadequately Policing Stock Brokers

March 3, 2016-Washington, DC

The Investment News reported that Massachusetts Senator Elizabeth Warren raised doubts during a Senate banking subcommittee hearing about whether FINRA can adequately police itself. Wa

During the hearing she questioned FINRA chairman and CEO Richard Ketchum on what the regulators are doing to ensure the protection of investors, citing a recent study by business school professors from the University of Chicago and University of Minnesota asserting that one in 13 brokers has some type of misconduct reported on their FINRA record. That same study shows that half of the brokers with ethical issues are fired, but 44% are rehired by another firm within a year.

While Ketchum said recidivism is being addressed, Senator Warren was not satisfied and insists that the industry must do better.

The study lists the 10 firms with the highest rate of misconduct:

FIRM                                                                     Misconduct     Brokers

Rate

1 Oppenheimer & Co. 19.60% 2,275
2 First Allied Securities 17.72% 1,112
3 Wells Fargo Advisors 15.30% 1,797
4 UBS Financial Services 15.14% 12,175
5 Cetera Advisors 14.39% 1,432
6 Securities America 14.30% 2,546
7 National Planning Corp. 14.03% 1,760
8 Raymond James Financial Inc. 13.74% 5,495
9 Stifel Nicolaus & Co. 13.27% 4,008
10 Janney Montgomery Scott 13.27% 1,394

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Janney Montgomery Scott Supervisor Martin Bowers Fined by FINRA

Berwyn, Pennsylvania

The Financial Industry Regulatory Authority (FINRA) is the largest independent regulator for all securities firms doing business in the United States. FINRA’s chief role is to protect investors by maintaining the fairness of the U.S. capital markets.

All stockbrokers and broker dealers (brokerage firms) are required to be licensed by and subject to the rules and regulations of FINRA. Each month FINRA publishes disciplinary actions against brokers and broker dealers. Discipline can range from monetary fines and suspensions, or in extreme cases, revocation of licensing and a bar from the securities industry.

See the FINRA website for current and historical disciplinary actions.

AUGUST 2013
Martin Firestone Bowers (CRD #1018570, Registered Supervisor, Berwyn, Pennsylvania-currently registered with Janney Montgomery Scott) submitted a Letter of Acceptance, Waiver and Consent in which he was fined $5,000 and suspended from association with any FINRA member in any capacity for five business days.

Without admitting or denying the findings, Bowers consented to the described sanctions and to the entry of findings that he exercised discretion in customers’ accounts without obtaining each customer’s written authorization and his member firm’s acceptance of the accounts as discretionary.

The suspension was in effect from July 1, 2013, through July 8, 2013. (FINRA Case #2011030316201)

If you have questions about investment losses or the way your brokerage account has been handled, please contact us to discuss your legal rights.

Rex Securities Law , located in Boca Raton, FL, provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney. Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Rex Securities Law

561 391 1900