June 2018- Columbia, South Carolina
The FINRA records of Jack Wendell Griffith, Jr. , a stock broker who is employed by Janney Montgomery Scott , disclose 3 pending customer disputes, 2 prior customer disputes, and an outstanding judgment lien.
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.
Three FINRA arbitrations are currently pending:
- Case 17-2080-A customer of Janney Montgomery Scott (Janney) seeks damages of $4.2 million and alleges that Griffith recommended unsuitable securities and caused the client’s accounts to be over concentrated in energy investments.
- Case 18-081-A customer of Janney seeks damages of $200,000 and alleges the Griffith made questionable recommendations and exposed the the client to overconcentration.
- Case 18-0083- Another customer of Janney seeks damages of $150,000 alleging that Griffith made unsuitable investments in their accounts.
Griffith has been employed by Janney Montgomery Scott since 1/2014. His securities industry employment prior to that includes Ameriprise Financial and A.G. Edwards.
Brokers have a duty to make recommendations that are suitable, taking into account the age, health, level of financial sophistication, risk tolerance and investment objectives of the customer.
If you have questions about an account handled by Jack W. Griffith, Jr. , 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.
Florida-561 391 1900