Category Archives: Janney Montgomery Scott

Employer of Stuart, FLA, Broker Christopher D. Sinkula Named in FINRA Arbitration

September 2017-Stuart, Florida

We have filed a FINRA arbitration claim against Janney Montgomery Scott (JMS) on behalf of a single lady who seeks damages alleging that  recommendations made to her by JMS broker Christopher D. Sinkula were unsuitable.

Our client alleges that Sinkula recommended that she invest a high percentage of her IRA account in energy stocks which has resulted in significant losses to her account.

According to FINRA records, Sinkula has been registered with JMS since 2008. In 2013, a customer of his former employer Citigroup Global Markets was paid $200,000 to resolve claims that Sinkula misrepresented and failed to adequately understand the risks and features associated with a variable annuity product.

FINRA arbitration is a process that is generally much more expedient and far less costly than court litigation. If you have questions about losses in an account handled by Christopher Sinkula, contact us to discuss your options.

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

Employer of Stuart, FLA, Broker Christopher D. Sinkula Named in FINRA Arbitration

September 2017-Stuart, Florida

We have filed a FINRA arbitration claim against Janney Montgomery Scott (JMS) on behalf of a single lady who seeks damages alleging that  recommendations made to her by JMS broker Christopher D. Sinkula were unsuitable.

Our client alleges that Sinkula recommended that she invest a high percentage of her IRA account in energy stocks which has resulted in significant losses to her account.

According to FINRA records, Sinkula has been registered with JMS since 2008. In 2013, a customer of his former employer Citigroup Global Markets was paid $200,000 to resolve claims that Sinkula misrepresented and failed to adequately understand the risks and features associated with a variable annuity product.

FINRA arbitration is a process that is generally much more expedient and far less costly than court litigation. If you have questions about losses in an account handled by Christopher Sinkula, contact us to discuss your options.

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

Christopher D. Sinkula Investigation-Janney Montgomery Scott Broker-Stuart, FL

June 2017-Stuart, Florida

We are investigating Stuart-based Janney Montgomery Scott stockbroker Christopher D. Sinkula. FINRA records indicate that Sinkula has been employed by Janney Montgomery Scott since 8/2008.

Our client is a single lady approaching retirement who alleges damages for  unsuitable investments which she alleges were purchased for her account by Sinkula.

Sinkula’s official broker records disclose that two of his customers brought actions that resulted in cash settlements:

  • In FINRA Case 12-01357 a customer of CItigroup Global Markets, his prior employer, sought damages of $879,680 alleging that Sinkula misrepresented the features of variable annuities that he recommended. That case was settled for $200,000.
  • In NASD Case 97-0761 a customer of A.G. Edwards, his prior employer, sought damages of $67,540 and alleged breach of contract, breach of fiduciary duty, account related negligence and failure to execute. That case was settled for $46,000.

If you have information you feel could be helpful to this investigation, please contact Nan Thompson at 561 391 1900.

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

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

Lisa Lowi Investigation-Former RBC Capital Broker-W. Palm Beach, FL

November 2017-South Florida

We are investigating former RBC Capital Markets/ Janney Montgomery Scott broker Lisa J Lowi of West Palm Beach, Florida.

According to her official FINRA record, Lowi was recently barred from the securities industry after failing to appear before regulators who were investigating customer complaints and arbitrations alleging, among other things, unsuitable trading.

Lowi was employed by RBC Capital Markets from 10/2009-11/2015. She was employed by Janney Montgomery Scott until April 2016.

Lowi discloses 13 pending and 24 prior final customer complaints. The complaints allege a variety of improprieties, including: over concentration of energy sector corporate bonds, unsuitable junk bonds, high risk investments,

FINRA records, Lowi was previously known as Lisa Jacqueline Vineberg.

If you have losses in an account handled by Lisa Lowi, call to discuss how you may be able to recover damages from her former employer through FINRA arbitration.

The Law Office of Robert H. Rex, P.C. , 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

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