Henry Benoit Scheuer, of New York, New York, a stockbroker formerly registered with Janney Montgomery Scott LLC, is the subject of a customer initiated investment related arbitration claim, which settled for $13,000.00 in damages founded on allegations that Scheuer effected equity trades in the customer’s account that were neither authorized nor suitable for the customer. Financial Industry Regulatory Authority (FINRA) Arbitration No. 17-00788 (July 13, 2017).

FINRA Public Disclosure reveals that Scheuer has been identified in three more customer initiated investment related disputes containing accusations of his misconduct during the period that he was employed with Janney Montgomery Scott LLC. Particularly, on May 16, 2009, a customer filed an investment related written complaint involving Scheuer’s conduct, in which the customer sought $12,500.00 in damages based upon allegations that while Scheuer was the customer’s financial consultant, he made unsuitable investment recommendations regarding a covered call position.

Subsequently, on October 10, 2011, a customer filed an investment related written complaint regarding Scheuer’s activities, where the customer requested $9,663.00 in damages supported by accusations that Scheuer made unsuitable investment recommendations to the customer concerning the purchase of exchange traded funds. Thereafter, on March 15, 2013, a customer filed an investment related written complaint regarding Scheuer’s activities, in which customers sought $47,500.00 in damages founded on allegations that an index fund and options strategy recommended by Scheuer was not appropriate for the customers.

On November 29, 2016, Scheuer’s registration with Janney Montgomery Scott LLC was terminated. Since December 13, 2016, he has been employed with Oppenheimer & Co. Inc.

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