Jeannette Ann Adcock of Indianapolis Indiana a stockbroker formerly registered with Wayne Hummer Investments is the subject of a customer initiated investment related written complaint which was settled on December 4, 2019 for $56,838.12 in damages based upon allegations that misrepresentations had been made by the stockbroker pertaining to structured certificates of deposit which were sold to the customer. According to the complaint, the customer had been falsely told that the CDs would be called in two-to-three years. The complaint also alleges that the customer’s investor profile had contained false information which led to more of the customer’s account being allocated in the products.
Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that Adcock has been identified in nine additional customer initiated investment related disputes concerning accusations of her misconduct while employed by Wayne Hummer Investments. On December 19, 2017, a customer initiated investment related complaint concerning Adcock’s activities was settled to resolve accusations that the customer was provided with false information from Adcock in regard to the insurability and the safety of a structured certificate of deposit. The claim alleges that the stockbroker withheld information about risks and had misled the customer about payouts.
On June 11, 2018, another customer filed an investment related complaint pertaining to Adcock’s conduct in which the customer requested $388,488.00 in damages supported by allegations that Adcock did not reasonably inform the customer about the risks of structured products which had been sold by Adcock while employed by Wayne Hummer Investments. The claim also alleges a lack of due diligence on the stockbroker’s part.
Adcock has also been referenced in a customer initiated investment related written complaint on September 5, 2018 in which the customer requested $100,000.00 in damages supported by allegations that the customer had been taken advantage of by Adcock due to the customer’s age and that the customer was placed into unsuitable investments. On December 4, 2019, another customer initiated investment related complaint in reference to Adcock’s conduct was settled to resolve accusations of misrepresentation by Adcock regarding investment maturities as well as the customer’s net worth.
Adcock was terminated by Wayne Hummer Investments on April 19, 2017 based upon allegations that she broke policy given her failure to notify her manager about a customer’s complaint. The stockbroker was also discharged from prior securities broker dealer Merrill Lynch based upon allegations of her unauthorized trading. Adcock has been registered with Thurston Springer Financial since June 17, 2020 and Sanctuary Securities Inc. since April 27, 2017.
