Jack Wendell Griffith Jr. of Columbia South Carolina a stockbroker currently employed by Janney Montgomery Scott LLC is referenced in a customer initiated investment related arbitration claim in which the customer sought $200,000.00 in damages supported by allegations that (1) fiduciary duties had been breached (2) the customer’s assets were overconcentrated in over-the-counter equities and (3) inappropriate investment recommendations were made to the customer. FINRA Arbitration No. 18-00081 (Jan. 10, 2018).
Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that Griffith is referenced in four more customer initiated investment related disputes containing accusations of Griffith’s wrongdoing while employed with Ameriprise Financial Services, Inc. and Janney Montgomery Scott LLC. Specifically, a customer initiated investment related complaint concerning Griffith’s conduct was settled for $53,000.00 in damages based upon allegations that unsuitable investment recommendations had been made to the customer concerning bonds issued by Lehman Brothers. FINRA Arbitration No. 11-02584 (July 11, 2011).
On August 11, 2014, a customer filed an investment related complaint involving Griffith’s conduct where the customer requested $8,435.30 in damages founded on accusations that FNMA and GNMA government debt investments had been misrepresented. Thereafter, a customer filed an investment related complaint regarding Griffith’s activities in which the customer sought $4,265,639.00 in damages supported by allegations that the customer was poorly advised regarding investments in equities, and the advisor caused the customer to maintain an over-concentration of energy sector equities in the customer’s portfolio. FINRA Arbitration No. 17-02080 (Aug. 17, 2017).
Griffith is also the subject of another customer initiated investment related arbitration claim where the customer requested $150,000.00 in damages based upon accusations that unsuitable equities transactions were effected in the customer’s accounts.
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