William George Bryant Harvey, of Doylestown, Pennsylvania, a stockbroker registered with Janney Montgomery Scott LLC, is the subject of a customer initiated investment related arbitration claim, in which the customer sought $280,000.00 in damages founded on allegations that Harvey effected unauthorized trades in the customer’s account, and made misrepresentations to the customer as well as unsuitable investment recommendations in reference to over-the-counter equities. FINRA Arbitration No. 17-02942 (Nov. 1, 2017).
Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Harvey has been identified in four more customer initiated investment related disputes concerning accusations of his wrongdoing while he was employed with Janney Montgomery Scott LLC and Legg Mason Wood Walker, Inc. On June 30, 2003, a customer filed an investment related written complaint involving Harvey’s conduct, in which the customer requested $25,000.00 in damages supported by allegations of suitability, unauthorized trading, and failure to abide by the customer’s instructions with respect to the customer’s equity investment portfolio.
Subsequently, on April 20, 2009, a customer filed an investment related written complaint regarding Harvey’s activities, in which the customer sought $161,025.00 in damages based upon allegations that Harvey effected corporate bond investment transactions in the customer’s account that were not suitable for the customer. Thereafter, a customer initiated investment related arbitration claim involving Harvey’s conduct was settled for $9,000.00 in damages founded on accusations that Harvey made unsuitable investment recommendations to the customer relating to mutual fund transactions, and failed to apprise the customer about the tax liability on distributions from the customer’s individual retirement account. FINRA Arbitration No. 09-05356 (Mar. 9, 2010).
Further, a customer initiated investment related arbitration claim regarding Harvey’s activities was resolved for $30,000.00 in damages based upon allegations that Harvey effected stock transactions in the customer’s account that were not suitable for the customer. FINRA Arbitration No. 16-03097 (Nov. 10, 2017).
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