Soreide Law Group is investigating claims involving alleged recommendations made by Janney Montgomery Scott LLC (JMS) broker, Jack W. Griffith Jr.'s of concentrated investments in energy. JMS has been sued by a foundation alleging that Jack W. Griffith Jr. recommended high-risk energy investments causing damages in excess of $4 million.
Jack W. Griffith Jr. sold clients Linn Energy and Peabody Energy investments, and allegedly, JMS had investment banking relationships with these bankrupt companies. JMS, allegedly helped sell new Linn Energy and Peabody Energy investments to the market, leading to substantial losses for JMS investors.
Peabody Energy filed for Chapter 11 bankruptcy protection on April 13, 2016. Linn Energy filed for Chapter 11 bankruptcy on May 11, 2016.
According to FINRA’s BrokerCheck, Jack W. Griffith Jr., has been in the securities industry for 31 years. He has 4 Disclosures on his report, 3 of them are “Customer Disputes.” Some of the allegations pending are: recommending unsuitable securities and over-concentration in energy investments.
Jack W. Griffith Jr. was listed with 7 firms and is currently employed since 1/27/2014 at:
JANNEY MONTGOMERY SCOTT LLC
1441 MAIN STREET SUITE 700
COLUMBIA, SC 29201
Before JMS, Griffith was with:
10/05/2009 - 01/28/2014 AMERIPRISE FINANCIAL SERVICES, INC. - COLUMBIA, SC
If you have suffered losses investing in Linn Energy or Peabody Energy due to recommendations from Jack W. Griffith Jr. or any other JANNEY MONTGOMERY SCOTT LLC (JMS) broker, please contact Soreide Law Group to discuss your rights with a securities lawyer at no cost: 888-760-6552.
Soreide Law Group handles cases nationwide, no fee if no recovery and free consultation.
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