Publicly available records published by the Financial Industry Regulatory Authority (FINRA) on February 13, 2017 indicate that Michigan-based Sagepoint Financial broker/adviser Russell Jones has been the subject of numerous customer disputes. Fitapelli Kurta is interested in speaking investors who have complaints regarding Mr. Russell Jones (CRD# 1383542).
Russell Jones has spent thirty years in the securities industry and has been registered with Sagepoint Financial in Troy, Michigan since 2010. Previous registrations include Summit Brokerage Services in Troy, Michigan; Mutual Service Corporation in Troy, Michigan; Vestax Securities Corporation in Hudson, Ohio; Equico Securities in New York, New York; and the Equitable Life Assurance Society of the United States. He is a registered broker and investment adviser with US states and territories.
According to his BrokerCheck report, he has received nine customer complaints, one pending customer complaint, and three civil judgments or liens.
In November 2016 Capital One filed a civil judgment totaling $32,818.72 against Russell Jones. The judgment remains outstanding.
In October 2016 American Express filed a civil judgment totaling $21,753.01 against Russell Jones. The judgment remains outstanding.
In October 2016 Bank of America filed a civil judgment totaling $32,332.17 against Russell Jones. The judgment remains outstanding.
In 2015 a customer alleged he, while employed at Sagepoint Financial, breached contract, acted negligently, recommended unsuitable products, and breached his fiduciary duty in connection to a variable annuity investment. The customer is seeking $200,000 in the pending complaint.
In 2012 a customer alleged he, while employed at Sagepoint Financial, made excessive trades, recommended unsuitable investments, violated the Michigan Uniform Securities Act and the Securities Exchange Act of 1934, misrepresented material facts related to an investment, and churned investments. The complaint settled for $350,975.
If you have lost money investing with Russell Jones, you may be able to recover your losses. Call Fitapelli Kurta at 877-238-4175 for a free consultation. All cases are taken on a contingency basis: Fitapelli Kurta only gets paid if and when you collect funds. 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.