Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) on August 30, 2016 indicate that New Jersey-based Janney Montgomery Scott broker/adviser Scott Palmer has been the subject of customer complaints. The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Palmer (CRD# 817586).
Scott Palmer has spent 43 years in the securities industry and has been registered with Janney Montgomery Scott in Hackensack, New Jersey since 2007. Previous registrations include Citigroup Global Markets in Ridgewood, New Jersey; Dean Witter Reynolds in Purchase, New York; Dean Witter & Company; and Darby & Company. He is a registered broker and investment adviser with eighteen US states and territories: California, Connecticut, Florida, Iowa, Kentucky, Maine, Maryland, Massachusetts, Michigan, Minnesota, Nevada, New Jersey, New York, North Carolina, Pennsylvania, Rhode Island, South Carolina, and Virginia.
According to his BrokerCheck report, Scott Palmer has received three customer complaints and one pending customer complaint.
In July 2016 a customer alleged Scott Palmer, while employed at Janney Montgomery Scott, made unsuitable investments in her account. The customer is seeking $125,000 in damages in the pending complaint.
In January 2015 a customer alleged Scott Palmer, while employed at Janney Montgomery Scott, recommended unsuitable securities. The complaint settled in April 2015 for $70,000, to which Mr. Palmer individually contributed $35,000.
In 2015 a customer alleged Scott Palmer, while employed at Janney Montgomery Scott, provided her with inaccurate information. The customer sought unspecified damages in the complaint, which was denied.
In 1988 a customer alleged Scott Palmer executed excessive trades, made unsuitable recommendations, and attempted to reimburse a loss on a trade. The complaint settled for $75,000.
In 1988 a customer alleged Scott Palmer engaged in unsuitable and excessive options trading. The complaint settled for $62,500, to which Mr. Palmer individually contributed $62,500.
If you have lost money investing with Scott Palmer, you may be entitled to recoup your losses. Call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. All cases are taken on a contingency basis, which means we only get paid if and when you collect money. Time to file your claim may be limited, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.