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Investor Alert: Janney Montgomery Scott LLC Financial Advisor Charles James Euler Jr.

Posted on Friday, June 23rd, 2017 at 2:33 pm    

Erez Law is currently investigating Janney Montgomery Scott LLC financial advisor Charles James Euler Jr. (CRD# 202696) regarding overconcentration in investments in the high risk oil and gas sector. Euler has been registered with Janney Montgomery Scott LLC in Radnor, Pennsylvania since 1984.

Many oil and gas companies have experienced price fluctuations over the past few years, which has put financial stress on the oil and gas industry. A supply glut in 2014 and 2015 led to some of the lowest prices the market has seen in recent years. In turn, securities values also dropped.

Euler has been the subject of six customer complaints between 2004 and 2017, one of which was denied, according to his CRD report:

January 2017. “Client alleges that her Financial Advisor recommended investments that were unsuitably risky and concentrated which resulted in unbalanced portfolios and losses in her accounts.” The client is seeking $320,000 in damages and the case is currently pending.

May 2016. “Attorney for client alleges that the Financial Advisor misrepresented and omitted information about securities purchased in the account, made unsuitable investments and executed unauthorized trades.”

May 2016. “Attorney for clients alleges that the Financial Advisor misrepresented and omitted information about securities purchased in the account, made unsuitable investments and executed unauthorized trades.”

April 2016. “Claimants allege that FA made unsuitable investments in their account.” The customer is seeking $157,000 in damages and the case is currently pending.

March 2016. “Claimants allege that unsuitable investments were made in their accounts.” The customer sought $300,000 in damages and the case was settled for $75,000.

Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Janney Montgomery Scott LLC may be liable for investment or other losses suffered by Euler’s customers.

Erez Law represents investors in the United States for claims against Janney Montgomery Scott LLC financial advisor Charles James Euler Jr., who is alleged to overconcentrate customer investment portfolios in the high risk oil and gas sector. If you were a client of Janney Montgomery Scott LLC financial advisor Charles James Euler Jr. or another firm, and have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.