Public records published by the Financial Industry Regulatory Authority (FINRA) and accessed on April 2, 2019 indicate that Pennsylvania-based broker-dealer firm Janney Montgomery Scott has received more than 100 complaints from customers and regulatory authorities. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Janney Montgomery Scott (CRD# 463).
Established in Pennsylvania in 1947, Janney Montgomery Scott is headquartered in Philadelphia, Pennsylvania and registered with 53 US states and territories. According to its BrokerCheck report, it has received 47 regulatory sanctions and 64 customer complaints that evolved into arbitration.
In March 2019 the Nasdaq Stock Market sanctioned Janney Montgomery Scott in connection to allegations it failed on 476 occasions it failed to maintain a continuous two-sided trading interest during regular market hours” and at prices considered within percentages that were “away from the national best bid or offer.” The firm was censured and issued a fine of $27,500.
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