The Financial Industry Regulatory Authority (FINRA) shows that five or more investors filed disputes about securities broker Jordan David Samelson (CRD#: 2984356, Huntington, New York). Evidently, as of April 2016, Samelson works for securities firm Wells Fargo Clearing Services LLC in the capacity of stockbroker and financial advisor. He also worked for Banc of America Investment Services, Quick Reilly Inc., and other firms. Let’s take a closer look at these disclosures about the securities broker.
In a March 2020 FINRA Arbitration Claim, a client of Wells Fargo Clearing Services took issue with Jordan Samelson’s sales practices. The client claims that Samelson made unauthorized trades on or about December 2019. Supposedly, these options transactions resulted in damages. For this reason, Wells Fargo Clearing Services, without admitting any liability, opted to settle the FINRA Arbitration Claim in December 2020 by paying the client $200,000 so that it could avoid further litigation.
Evidently, a client of Banc of America Investment Services disputed Jordan Samelson’s sales practices. Specifically, the client contends that Samelson misrepresented variable annuity terms. Not only that, but the financial advisor supposedly handled mutual fund investments improperly. BrokerCheck indicates that Banc of America Investment Services denied this dispute.
In a former dispute about the securities broker, a Banc of America Investment Services client alleges misuse of income distributions. Supposedly, the client experienced damages because of misused mutual fund income distributions on an annuity by Samelson. However, the securities firm contends that the client’s claims lack merit. For this reason, it denied the client’s claim.
It appears that a client of Quick Reilly Inc. disputed Jordan Samelson’s sales practices. Supposedly, Samelson caused the client to invest in a closed end fund that was unsuitable. Basically, suitability concerns an investor’s risk tolerance, investment objectives, financial needs, and other criteria relating to the appropriateness of investments. Evidently, Quick Reilly denied this client’s dispute.
Did Jordan Samelson cause you to experience losses? If so, call Soreide Law Group at (888) 760-6552 and speak with a securities lawyer about a potential recovery of your losses. Soreide Law Group represents clients on a contingency fee basis and advances all costs. The firm has recovered compensation for many United States investors who incurred losses because of their financial advisors and securities brokers. Please note that Samelson denies all allegations of his sales practice violations.
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