Scott William Palmer, of Hackensack, New Jersey, a stockbroker currently registered with Janney Montgomery Scott LLC, has been named in a customer initiated investment related arbitration claim on July 26, 2016, in which the customer requested $75,000.00 in damages based upon allegations that Palmer effected unsuitable stock transactions in the customer’s investment account.
Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Palmer has been named in four additional customer initiated investment related disputes containing allegations of his misconduct while employed with Janney Montgomery Scott LLC. In particular, on April 5, 1998, a customer initiated investment related written complaint involving Palmer’s conduct was settled for $75,000.00 in damages based upon allegations that Palmer effected excessive and unsuitable options trading in the customer’s account.
Subsequently, on April 21, 1998, a customer initiated investment related written complaint regarding Palmer’s activities was resolved for $62,500.00 in damages based upon allegations that Palmer effected trades in the customer’s account on an excessive and unsuitable basis.
Additionally, on April 24, 2015, a customer initiated investment related written complaint involving Palmer’s conduct was settled for $70,000.00 in damages based upon allegations that Palmer effected unsuitable over-the-counter equity transactions in the customer’s account. On December 8, 2015, another customer filed an investment related written complaint regarding Palmer’s activities, in which the customer requested $5,000.00 in damages based upon allegations that Palmer misstated the customer’s prospective earnings.
Guiliano Law Group
Our practice is limited to the representation of investors. We accept representation on a contingent fee basis, meaning there is no cost to you unless we make a recovery for you. There is never any charge for a consultation or an evaluation of your claim. For more information, contact us at (877) SEC-ATTY.
To learn more about FINRA Securities Arbitration, and the legal process, please visit us at securitiesarbitrations.com
