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Janney Montgomery Scott LLC Broker Kirk Pickell Investment Loss Options

Posted on Monday, January 3rd, 2022 at 5:34 pm    

Janney Montgomery Scott LLC

Were you the victim of Janney Montgomery Scott LLC broker Kirk Pickell (CRD# 2294187)? Kirk Pickell has been registered with Janney Montgomery Scott LLC in Providence, Rhode Island since 2002. 

Kirk Pickell Faces $10 Million Customer Complaint

Kirk Pickell has been the subject of two customer complaints between 2010 and 2020, one of which was denied, according to his CRD report:

November 2020. “Rhode Island client complains that the fees associated with their accounts were not fully disclosed and were higher than stated between 2009 and 2020. Clients further complain that investments made in a hedge fund and an annuity were not suitable.” The customer is seeking $10,000,000 in damages and the case is currently pending. The complaint was regarding mutual funds and annuities and took place while Kirk Pickell was registered with Janney Montgomery Scott LLC.

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 Kirk Pickell’s customers.

Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you 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.