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INVESTOR WARNING—Did/Do You Invest Your Money With Jack Griffith At Janney Montgomery Scott Or Ameriprise Financial Services, Inc.?

The Wolper Law Firm is currently investigating claims against Jack Griffith, a Financial Advisor at Janney Montgomery Scott in Columbia, South Carolina.  Jack Griffith’s past employments include Ameriprise Advisor Services and AG Edwards.

Jack Griffith has three pending customer complaints against him, alleging combined damages of more than $4.5 million:

  • January 2018—Customer alleges that “Financial Advisor made questionable recommendations for the client’s account, exposed the client to overconcentration and breached his fiduciary duty.” Alleged damages of $200,000.
  • January 2018—Customer alleges that “Financial Advisor made unsuitable investments in their accounts.” Alleged damages are $150,000.
  • February 2017—Customer alleges that “Financial Advisor recommended unsuitable securities and caused the client’s accounts to be over-concentrated in energy investments.” Alleged damages are $4.26 million.

In addition to the aforementioned customer complaints, Jack Griffith has two additional customer complaints from 2011 and 2014, where it is alleged that he sold the customers unsuitable securities or misrepresented material facts.

https://brokercheck.finra.org/individual/summary/1446978

Suitability is one of the most common legal claims brought in securities arbitration and litigation matters.  Financial Advisors are required by law to only recommend investments to their customers that are appropriate for their needs and objectives.  If the Financial Advisor breaches this duty, he and his employing brokerage firm can be held liable for any investment losses realized by the customer.

If you or someone you know was a customer of Jack Griffith and you experienced investment losses, please contact the Wolper Law Firm at 800.931.8452 or by email at mwolper@67.43.6.64 to discuss your specific situation and the legal options available.  The Wolper Law Firm represents investors nationwide in securities litigation and arbitration.

Attorney Matthew Wolper

Attorney Matthew WolperMatt Wolper is a trial lawyer who focuses exclusively on securities litigation and arbitration. Mr. Wolper has handled hundreds of securities matters nationwide before the Financial Industry Regulatory Authority (FINRA), American Arbitration Association (“AAA”), JAMS, and in state and federal court. Mr. Wolper has handled and tried cases involving complex financial products and strategies ranging from traditional stocks and bonds to options, margin and other securities-based lending products, closed/open-end mutual funds, structured products, hedge funds, and penny stocks. [Attorney Bio]