Investment Products

Investor Alert – Scott William Palmer and Janney Montgomery Scott

Investor Alert – Scott William Palmer and Janney Montgomery Scott

Investor attorneys Mika Meyers, PLC are interested in talking to former customers of Scott William Palmer of Hackensack, New Jersey, who was recently barred from the securities brokerage industry and fired by his employer, Janney Montgomery Scott, following allegations that he over-concentrated customer accounts in energy-sector investments. At least nine customers have brought FINRA arbitration actions against Palmer…

Investor Alert – Jeffrey Nimmow and Forest Securities, Inc.

Investor Alert – Jeffrey Nimmow and Forest Securities, Inc.

Stock broker Jeffrey Nimmow of Chicago, Illinois  (CRD#: 2693601) and his former employer, Forest Securities, Inc., were recently named as Respondents in two FINRA arbitration actions brought by customers who allege that Nimmow engaged in various sales practice violations relating to sales of non-registered, non-exempt securities. The customers allege that they…

Investor Alert – Noel Ray Vincent and Madison Avenue Securities

Investor Alert – Noel Ray Vincent and Madison Avenue Securities

Since 2016, stock broker Noel Ray Vincent (CRD#: 1370987) of Southfield, Michigan, and his former employer, Madison Avenue Securities, have been named as Respondents in six FINRA arbitration actions brought by customers who allege that Vincent made unsuitable investment recommendations to them. The customers have also variously alleged breach of fiduciary duty…

Broker Barred and Firm Expelled for Sales Practice Violations Relating to PCG Private Placements

Broker Barred and Firm Expelled for Sales Practice Violations Relating to PCG Private Placements

Thomas Brenner, a former securities agent of First American Securities, has been permanently barred from the securities brokerage industry after he refused to cooperate with a FINRA investigation into his involvement in the sale of three different private placements. The investigation was initiated after FINRA received tips or complaints from…