Christopher David Sinkula of Stuart Florida a stockbroker currently employed by Janney Montgomery Scott LLC is referenced in a customer initiated investment related arbitration claim which was resolved for $40,000.00 based upon allegations that the customer was placed in common or preferred stock by Sinkula when those investments were inappropriate for the customer given the customer’s objectives for investing or financial profile. Financial Industry Regulatory Authority (FINRA) Arbitration No. 19-00626 (May 12, 2019).
FINRA Public Disclosure reveals that Sinkula has been identified in eleven more customer initiated investment related disputes containing accusations of Sinkula’s misconduct during the time that he was associated with Janney Montgomery Scott LLC. Particularly, a customer initiated investment related arbitration claim regarding Sinkula’s conduct was settled for $24,750.00 in damages supported by allegations of Sinkula having overconcentrated the customer’s assets in energy-sector equities; and Sinkula giving the customer bad investment advice which caused the customer to experience unwarranted losses. FINRA Arbitration No. 17-02467 (Feb. 23, 2018).
Then, a customer initiated investment related arbitration claim concerning Sinkula’s activities was resolved for $22,900.00 in damages founded on accusations that Sinkula advised the customer to invest in equities that were not appropriate for the customer causing the customer to contain excess concentrations in speculative, energy-sector stocks. FINRA Arbitration No. 17-01814 (Feb. 26, 2018). Another customer initiated investment related arbitration claim involving Sinkula’s conduct was settled for $100,000.00 in damages based upon allegations that common or preferred stock trades were placed in the customer’s account that conflicted with the customer’s risk tolerance, investment experience, goals for investing or financial circumstances. FINRA Arbitration No. 18-01334 (Nov. 5, 2018).
Subsequently, a customer initiated investment related arbitration claim regarding Sinkula’s activities was resolved for $95,000.00 in damages supported by accusations that equities investments held in the customer’s investment portfolio were in no way suitable for the customer. FINRA Arbitration No. 18-02707 (Apr. 24, 2019). Moreover, a customer initiated investment related arbitration claim concerning Sinkula’s conduct was settled for $205,000.00 in damages founded on allegations of bad stock transactions having been selected for the customer’s account causing the customer to incur losses. FINRA Arbitration No. 18-01458 (Apr. 25, 2019).
Sinkula has been registered with Janney Montgomery Scott LLC since August 29, 2018.
