Customer Sues Janney Montgomery Scott For Suitability
Christopher David Sinkula, of Stuart, Florida, a stockbroker currently registered with Janney Montgomery Scott LLC, has been named in a customer initiated investment related arbitration claim on July 11, 2017, in which the customer requested $100,000.00 in damages based upon allegations that Sinkula over-concentrated the customer’s funds in energy sector stocks, and effected unsuitable equity transactions in the customer’s account.
Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Sinkula has been identified in six more customer initiated investment related disputes regarding allegations of his misconduct while employed with A.G. Edwards & Sons Inc., Citigroup Global Markets, Inc., and Janney Montgomery Scott LLC. Specifically, on September 5, 2008, a customer filed an investment related written complaint involving Sinkula’s conduct, based upon allegations that Sinkula made misrepresentations to the customer concerning a variable annuity.
Then, on September 7, 2013, a customer initiated investment related written complaint regarding Sinkula’s activities was resolved for $200,000.00 in damages based upon allegations that Sinkula misrepresented the terms and conditions of variable annuities. Further, on June 2, 2015, a customer filed an investment related written complaint involving Sinkula’s conduct, in which the customer requested $39,664.94 in damages based upon allegations that Sinkula charged excessive fees to the customer, and effected investment transactions that failed to conform to the customer’s tolerance for risk and objectives for investing.
Guiliano Law Group
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