The investment loss attorneys at Meyer Wilson are interested in speaking with investors who have lost money with former Janney Mongomery Scott, LLC broker Scott Palmer. Palmer is currently the subject of four pending FINRA arbitrations alleging that Palmer overconcentrated his customers in unsuitable investments, including investments in the high-risk and volatile energy sector
According to his BrokerCheck report, all of these alleged violations occurred during Palmer's employment with Janney Montgomery Scott, LLC. He was registered with the firm from 2007 to 2017. Palmer was permitted to resign from the firm in 2017 and is not currently registered.
Have You Lost Money Due to Over-Concentration or Unsuitable Investment Recommendations?
People trust brokerage firms like Janney Montgomery Scott LLC to act in the best interests of their clients. When individuals work with brokers representing the firm, there's an expectation that brokers like Scott Palmer will make investment decisions that are in the best interests of the clients. When brokers make unsuitable investment choices on behalf of their clients, purchase securities without prior authorization, participate in excessive trading or churn client accounts, they place the stability of clients' finances in jeopardy and brokerage firms like Janney Montgomery Scott can be held liable for the investment losses that result.
If you invested money with Scott Palmer and you suspect that unsuitable recommendations overconcentration or other broker misconduct could be responsible for your financial losses, the investment loss attorneys at Meyer Wilson want to speak with you.