Scott Palmer

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Scott Palmer (Palmer), previously associated with Janney Montgomery Scott LLC, has at least 2 disclosable events. These events include 2 customer complaints, alleging that Palmer recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint on November 29, 2021.

Client made a verbal complaint that the Financial Advisor made unsuitable investments in the client’s accounts that resulted in substantial losses. Allegation Time Period August 2010 to May 2017.

The securities lawyers of Gana Weinstein LLP are investigating customer complaints filed with The Financial Industry Regulatory Authority (FINRA) against broker Scott Palmer (Palmer). According to BrokerCheck records, Palmer is subject to at least five customer complaints. The customer complaints against Palmer allege securities law violations that claim unsuitable investments, excessive options trading, and unauthorized investments among other claims.

The most recent complaint was filed in July 2016, and alleged $125,000 in damages due to claims that the broker made unsuitable investments in clients account while employed at Janney Montgomery Scott LLC. The complaint was settled for $75,000.

In January 2015, another customer brought a complaint against Palmer alleging that investments in the customer’s account were unsuitable based on clients’ investment objectives causing alleged damages of $226,877. The complaint was settled for $70,000.

Articles Tagged with Scott Palmer

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Broker Investigation: Customer Complaints Against Scott Palmer