Investors might have sustained losses due to securities broker James Daniel McDermott [CRD: 2483480, Oakbrook Terrace, Illinois], based on the disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Evidently, McDermott was registered with Raymond James Associates Inc. from October 16, 2015, to October 27, 2023, before moving to Osaic Wealth Inc. on October 26, 2023. Continue reading to uncover more about McDermott's disclosures.
Osaic Wealth Inc. investor accused McDermott of violations related to Illinois Securities Law. Specifically, on February 1, 2024, an Osaic Wealth Inc. client filed a written complaint about McDermott. Supposedly, McDermott violated Illinois securities law in purchases or sales of securities in their Raymond James accounts. The complaint is currently pending.
McDermott was discharged for borrowing money from clients. Evidently, Wells Fargo Advisors LLC disaffiliated with McDermott on December 19, 2011. Allegedly, McDermott violated an internal policy of Wells Fargo Advisors in that he borrowed money from two persons who were clients of the firm.
Experienced losses because of James McDermott? If so, reach out to Soreide Law Group or at (888) 760-6552 and speak with a securities lawyer about potentially recovering your investment losses. Soreide Law Group has reclaimed losses for investors across the United States, operates on a contingency fee basis, and fronts all costs. McDermott and the brokerage firms he worked for deny any accusations of sales practice violations.
Investors apparently complained about securities broker Matthew Robert Westberry (also known as Matt Westberry) [CRD: 4908745, Marion, Iowa], based on public information on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Westberry worked for SCF Securities Inc. from February 28, 2022, to October 23, 2024, and previously worked for LPL Financial LLC from August 10, 2018, to […]
Investors may have suffered financial harm by securities broker Joseph Anthony Monaco Jr. [CRD: 1398158, Melville, New York], given the public information found on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Monaco worked for Oppenheimer Co. Inc. from June 7, 2023, to December 6, 2024, and previously worked for Stifel Nicolaus from June 25, 2014, to […]
Investors potentially experienced sales practice violations by securities broker Scott Thomas Schaul [CRD: 2200484, Attleboro, Massachusetts], based on publicly available information on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Schaul worked for Essex Securities LLC from March 22, 2010, to August 6, 2019, Pinnacle Investments LLC from June 28, 2019, to April 13, 2026, and has […]
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