Chris Sinkula Investigation-Janney Montgomery Broker Discloses $2.3M Customer Suit-Stuart, FL

February 2019-Stuart, Florida

According to public records, Christopher D. SInkula  (CRD#2001512))  a  stockbroker who is currently employed by Janney Montgomery Scott,  discloses 2 pending customer disputes and 9 prior customer disputes that have been resolved.

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 currently pending FINRA Case 18-2707, a customer of Janney Montgomery alleges that Sinkula made unsuitable investment recommendations and seeks damages of $400,000.
  • In another currently pending matter, FINRA Case 18-1458, a Janney Montgomery customer seeks damages of $2.3 million, alleging unsuitable recommendations by Sinkula.

Sinkula’s official broker records disclose that five of his prior customer disputes  resulted in cash settlements, including the following:

  • In FINRA Case 18-1334, a customer of Janney Montgomery Scott was paid $100,000 to resolve allegations that Sinkula made unsuitable investments in the customer’s account.
  • In FINRA Case -17-2467, a customer of Janney Montgomery Scott was paid $24,750 to resolve allegations that Sinkula caused losses when he over concentrated  the customer’s account with energy stocks.
  • In FINRA Case -17-1814, a customer of Janney Montgomery Scott was paid $22,900 to resolve allegations that Sinkula caused losses when he over concentrated  a customer’s account with energy stocks.
  • 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 losses in an account handled by Christopher Sinkula, call for a no charge consultation to learn how you may be able to recover damages through FINRA arbitration.

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.

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