National investment loss lawyers KlaymanToskes is investigating broker William Harvey (CRD# 2398782) of Janney Montgomery Scott LLC.
According to FINRA BrokerCheck, William Harvey of Janney Montgomery Scott is facing a customer complaint alleging he made unsuitable investment recommendations in long-term fixed income products, with the customers seeking $499,000 in alleged damages.
Investors that suffered losses with broker William Harvey are encouraged to contact attorney Lawrence L. Klayman, Esq., at 888-997-9956 or by email at investigations@klaymantoskes.com to discuss potential recovery options. We do not collect attorney’s fees unless we are able to obtain a financial recovery for you.
Financial advisor William Harvey is currently involved in a pending customer complaint seeking $499,000 in alleged damages due to unsuitable recommendations to invest in long-term fixed income products. Harvey is currently registered with Janney Montgomery Scott in Doylestown, PA.
FINRA Rule 2111, known as the Suitability Rule, requires brokers to have a reasonable basis for believing their recommendations align with a client’s specific circumstances, including age, financial situation, investment experience, and risk tolerance. The Securities and Exchange Commission’s Regulation Best Interest, which took effect in 2020, established additional requirements for broker recommendations.
Investment fraud in the financial services industry consists of specific actions including misrepresentation of investment products and omission of material information about investments. When conducted by licensed financial professionals, these actions constitute violations of established industry regulations designed to protect investor interests.
As an investor, there are a few signs that you should look out for if you believe you may have a claim against your financial advisor. These signs could potentially indicate misconduct, negligence, or investment fraud. Investors are encouraged to contact our firm immediately if you have experienced any of the following:
Some investors have close relationships with their brokers due to the time and trust built over the course of their investment relationship. However, it is crucial to remember that financial decisions should be based on careful analysis and due diligence rather than solely relying on personal relationships.
Engaging the services of an experienced securities attorney to evaluate your specific circumstances is strongly advised. At KlaymanToskes, our team of experienced securities attorneys has a deep understanding of this complex area of law, allowing us to provide invaluable insight and tailored guidance that directly addresses your individual needs.
If you suffered losses with broker William Harvey, or have concerns regarding your investment portfolio at Janney Montgomery Scott LLC, or with any other financial advisor or firm, contact KlaymanToskes at 888-997-9956 or fill out a short contact form for a free and confidential consultation.