Wayne Hummer Clients Allege Structured CDs Misrepresented By Broker Jeannette Adcock

Evidently, investors are voicing complaints and serious concerns in regard to securities broker Jeannette Adcock [CRD#: 1432053, Bloomingdale, Illinois]. It appears that the securities broker, who worked for Wayne Hummer Investments between September 20, 2004 and April 21, 2017, is involved in 10 investor disputes reported on Financial Industry Regulatory Authority (“FINRA”) BrokerCheck. Notably, Wayne Hummer clients indicate that Adcock misrepresented structured CDs and notes. For additional information concerning Adcock, see below.

Wayne Hummer Client Indicates That Jeannette Adcock Misrepresented Structured Products

Apparently, a client of Wayne Hummer Investments took aim at Jeannette Adcock by making a complaint dated October 21, 2019. Allegedly, Adcock falsely told the client that structured CDs would be called in two years or three years. Not only that, but the broker apparently overstated the amount of assets held by the client. This led to Adcock directing a larger amount of the client’s money towards the CDs. As a result, Wayne Hummer settled the client’s allegations on December 4, 2019 through paying the client 56,838.12.

Adcock Allegedly Misled Wayne Hummer Client

Evidently, a Wayne Hummer client filed an investment dispute concerning Jeannette Adcock on April 17, 2019. Principally, the client asserted that Adcock was misleading when she sold the client CDs and a structured note. Supposedly, Adcock did not inform clients about their 20-25 year maturities and the possibility of the investments not paying interest. As a result, the client demanded $11,335.29 in compensation from Wayne Hummer or Adcock. Wayne Hummer denied this claim on April 17, 2019.

Wayne Hummer Client Suggests That Jeannette Adcock Sold Bad CDs

Apparently, on November 6, 2018, a Wayne Hummer client brought a formal dispute in reference to Jeannette Adcock. The claim alleges that Adcock failed to make all disclosures which related to the client’s CD purchases. Also, the client contended that the investments were not suitable. It seems that Adcock may have failed to consider the client’s objectives when recommending or selling these products. For this reason, the client asked for $71,500 in compensation from Wayne Hummer Investments or Adcock. Supposedly, this complaint is pending a resolution.

Lars Soreide Highest Ethical Standard Award 2018

Lars Soreide Highest Ethical Standard Award 2018

Losses From Wayne Hummer Broker Jeannette Adcock?

Have you experienced losses by investing with Jeannette Adcock? If so, reach out to Soreide Law Group at (888) 760-6552 and speak with experienced counsel in regard to possibly recovering your investment losses. Soreide Law Group represents clients on a contingency fee basis and will advance all costs. The law firm has recovered millions of dollars for clients who have incurred losses due to misconduct of securities brokers like Adcock and brokerage firms.