Kirk Pickell Investigation
November 2021- Providence, RI
According to publicly available records Kirk Edward Pickell, a broker with Janney Montgomery Scott, discloses a multi million dollar 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 November of 2020, a Janney Montgomery Scott customer filed FINRA case #20-03899 alleging that the fees associated with their accounts were not fully disclosed and were higher than stated between 2009 and 2020. Clients further alleges that investments make in a hedge fund and in an annuity were not suitable and is seeking damages of $10 million.
Pickell has been employed with Janney Montgomery Scott since 2002. Prior to that he was employed by RBC Dain Rauscher from 3/2002-8/2002 when he was “permitted to resign” to resolve allegations of a possible violation of firm policies with respect to reporting activity outside the firm.
If you have questions about an investment account with Kirk Edward Pickell, call 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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