Kirk Edward Pickell of Providence, Rhode Island, a stockbroker registered with Janney Montgomery Scott LLC, was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $100,000.00 in damages based upon allegations that Pickell made unsuitable recommendations, made omissions of material fact, and charged excessive fees in connection with the sale of mutual funds and annuities when Pickell was associated with Janney Montgomery Scott LLC. Financial Industry Regulatory Authority (FINRA) Arbitration No. 20-03899 (August 23, 2022).
This is not the first time that Pickell has been referenced in a customer initiated investment related dispute concerning Pickell’s conduct in the securities industry. FINRA Public Disclosure shows that Pickell was also referenced in a customer initiated investment related complaint filed on December 17, 2010, in which the customer requested compensation based upon allegations that Pickell engaged in unsuitable and unauthorized trading in mutual funds when Pickell was associated with RBC Capital Markets Corporation.
Pickell has been registered with Janney Montgomery Scott LLC as a stockbroker since August 19, 2002, and as an investment adviser representative since July 7, 2004.
