Jeannette Ann Adcock a stockbroker formerly registered with Wayne Hummer Investments is referenced in a customer initiated investment related written complaint on April 9, 2019 in which the customer sought $11,335.29 in damages founded on accusations that (1) unfounded statements had been made to the customer concerning the purchase of structured notes and structured certificate of deposit investments and (2) the customer was not made aware from Adcock that the products would not mature for at least twenty years or that the products might not pay interest during certain periods.
Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that Adcock is referenced in seven more customer initiated investment related disputes containing allegations of her violative conduct while employed with Wayne Hummer Investments. In fact, on April 12, 2017, a customer initiated investment related complaint concerning Adcock’s activities was settled for $21,884.73 in damages based upon accusations that the customer was placed into investments that failed to be suitable given the customer’s income needs, investment horizon and tolerance for risk; and the customer had been misled by Adcock into purchasing those investments.
On August 7, 2017, an elderly customer filed an investment related complaint regarding Adcock’s conduct where the customer requested $28,516.00 in damages founded on allegations that the customer was placed into bad structured notes investments when Adcock was associated with Wayne Hummer Investments. Another customer initiated investment related complaint involving Adcock’s conduct was settled to resolve accusations of false or misleading statements concerning the safety and returns of investments inducing the customer to purchase products that were inappropriate for the customer.
Adcock is also the subject of a customer initiated investment related written complaint which was settled for $22,000.00 on March 14, 2018 based upon allegations of omissions in regard to the limitations or risks of structured products. Another customer filed an investment related complaint on June 11, 2018 concerning Adcock’s activities in which the customer sought $388,488.00 in damages founded on accusations of Adcock failing to explain the risks of structured products to the customer prior to effecting the purchase of those investments; and Adcock failing to execute adequate due diligence on the investments prior to making recommendations.
On September 5, 2018, a customer filed an investment related complaint regarding Adcock’s conduct requesting $100,000.00 in damages based upon allegations of bad structured product transactions especially given the customer’s age when the products had been purchased and the customer being taking advantage of by Adcock. Further, on November 6, 2018, a customer filed an investment related complaint involving Adcock’s activities in which the customer sought $71,500.00 in damages founded on accusations that essential details about structured certificate of deposit products were withheld from the customer; and those investments were not suitable.
Adcock was terminated by Wayne Hummer Investments on April 19, 2017 based upon allegations that she concealed information about a customer complaint; conduct violative of the firm’s policy.
