Jamal Hiram Sampson (also known as Jay Sampson), of Red Bank, New Jersey, a stockbroker formerly registered with First Standard Financial Company, is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested $146,599.00 in damages founded on accusations of excessive turnover and commissions because of Sampson’s stock trading at First Standard Financial Company. Financial Industry Regulatory Authority (FINRA) Arbitration No. 19-03839 (June 16, 2020). According to the claim, unsuitable trades were made by Sampson.
This is not the first time that a customer has taken issue with Sampson’s sales practices. FINRA Public Disclosure shows that Sampson is referenced in a customer initiated investment related FINRA securities arbitration claim which was settled to resolve allegations of unsuitable trading of over-the-counter equities by Sampson while he was associated with Legend Merchant Group. The claim alleges that the customer’s assets were not allocated appropriately, and that Legend Merchant Group failed to supervise the equities transactions.
Sampson was registered with First Standard Financial Company between September 14, 2015, and January 30, 2019. He was registered with Worden Capital Management LLC between January 31, 2019, and December 11, 2019. Since December 12, 2019, he has been registered with SW Financial. First Standard Financial is defunct. Six of Mr. Sampson’s prior firms are defunct or have been expelled by FINRA.
