Securities Lawyers Blog
According to the BrokerCheck records kept by Financial Industry Regulatory Authority (FINRA) broker Ellwood Jones (Jones) has been the subject of at least four customer complaints. Customers have filed complaints against Bell alleging a number of securities law violations including that the broker made unsuitable investments, misrepresentations and false statements, among other claims. Some of these claims involve recommendations in private placements such as hedge funds, insurance products, and direct participation programs (DPPs).
Since 1997 Jones was associated with NFP Advisor Services (NFP) until March 2011. According to Jones’ BrokerCheck records, Jones has a number of other disclosed outside businesses including Capital Region International, LLC, A.B.R.C., and Synergex International Corporation.
One customer complaint against Jones alleged damages of $10,000,000 resulting from negligence and misrepresentations concerning hedge funds. In another action, the customer alleged misrepresentations in relation to the customer’s participation in a welfare benefit plan. Finally, in a third customer complaint the customer alleged misrepresentations in connection with the sale of insurance and other financial transactions involving alternative investments and limited partnership interests.