Jesse Julian Griffin Jr., of Palm City, Florida, a stockbroker formerly associated with VSR Financial Services, Inc., has been subject to a customer initiated investment related arbitration action from June 19, 2015, which settled for $52,000.00 in damages based upon allegations that Griffin effected unsuitable transactions in the customers’ accounts.
FINRA Public Disclosure reveals that Griffin has been subject to four additional customer arbitrations which were settled. Particularly, on April 21, 2009, a customer initiated investment related arbitration action involving Griffin’s conduct was resolved for $250,000.00 in damages based upon allegations that Griffin breached his fiduciary duties to the customer, made misrepresentations to the customer concerning investments, violated Maine Uniform Securities Act, and defrauded the customer.
On April 5, 2013, another customer initiated investment related arbitration action concerning Griffin’s conduct was settled for $77,500.00 in damages based upon allegations that Griffin violated the securities laws of The State of Arizona, breached his contractual and fiduciary duties to the customer, negligently handled the customer’s account, and made misrepresentations concerning investments.
Subsequently, on May 12, 2014, a customer initiated investment related arbitration action concerning Griffin’s conduct was settled for $92,500.00 in damages based upon allegations against Griffin including negligence, breach of fiduciary duty, unsuitable investment recommendations, and fraud. On August 4, 2014, another customer initiated investment related arbitration claim concerning Griffin’s actions was resolved for $7,000.00 based upon the customer’s allegations that Griffin effected unsuitable investment transactions in the customer’s account.
Griffin’s registration with VSR Financial Services, Inc. ended in July of 2016. Since then, he has been associated with Newbridge Securities Corporation.
Guiliano Law Group
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