Published on:

Raymond James broker/adviser Jeffrey Ingros: Complaints

The securities and investment fraud law firm Fitapelli Kurta is interested in speaking to investors who have complaints regarding Pennsylvania-based Raymond James broker/adviser Jeffrey Ingros (CRD# 2091822).

Jeffrey Ingros has spent 24 years in the securities industry and has been registered with Raymond James Financial Services in Beaver, Pennsylvania since 2013. Previous registrations include Merrill Lynch in Beaver, Pennsylvania (2007-2013); Janney Montgomery Scott in Beaver, Pennsylvania (1997-2007); Advest Inc. in Hartford, Connecticut (1992-1997); and MetLife Securities in New York, New York (1991-1992). Mr Ingros is a broker and investment adviser registered in 22 US states.

According to his BrokerCheck report, Jeffrey Ingros is the subject of three customer complaints, two pending customer complaints, and was discharged from Merrill Lynch.

In 2015 a customer alleged Jeffrey Ingros, while employed at Raymond James, misrepresented material facts related to an unsuitable investment and committed fraud. The customer is seeking unspecified damages in the pending complaint.

In 2014 a customer alleged Jeffrey Ingros, while employed at Merrill Lynch, executed unauthorized trades, misrepresented material facts related to an investment, and recommended an unsuitable investment. The customer is seeking unspecified damages in the pending complaint.

In 2013 Jeffrey Ingros was terminated from his position at Merrill Lynch following allegations he advised clients on funds held outside the firm, failed to contact clients before entering trades in non-discretionary accounts, recommended a security not included in the firm’s research, and failed to accurately record information on order tickets.

In 2009 a customer alleged Jeffrey Ingros, while employed at Janney Montgomery Scott, misrepresented an investment in a variable annuity. The complaint settled in 2010 for $10,000.

In 2009 a customer alleged Jeffrey Ingros, while employed at Janney Montgomery Scott, recommended an unsuitable investment in convertible corporate bonds. The complaint settled for $57,000.

In 2004 a customer alleged Jeffrey Ingros, while employed at Janney Montgomery Scott, recommended an unsuitable investment that resulted in a loss of over $11,000. The complaint settled for $7,500.

FINRA rules and federal securities law require brokers and investment advisers like Jeffrey Ingros to recommend suitable investments for their clients. This means the brokers must consider various factors, such as investment experience, investment objectives, net worth, income, age, and risk tolerance. Additionally, broker-dealer firms like Raymond James Financial and Janney Montgomery Scott have a duty to ensure that their brokers comply with these rules. Brokers and firms who engage in unsuitable investment recommendations may be subject to disciplinary action by FINRA or the SEC.

If you have lost money investing with Jeffrey Ingros, call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. Ae only take cases on a contingency fee basis, which means we only get paid if and when you recover your losses. Time to file your claim is limited, so do not delay. Call 877-238-4175 now to speak to an attorney free of charge.