John Alex (CRD: 2020710) settled customer disputes at Morgan Stanley and UBS Financial Services between 2011 and 2025, according to BrokerCheck, which lists him as John L. Alex.
Investors have reportedly disputed the sales practices of securities broker Russell Taylor Jones [CRD: 1383542, Troy, Michigan], based on publicly available information on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Evidently, Jones worked for SagePoint Financial Inc. from August 13, 2010, to November 12, 2020. Continue reading for details about Jones’s disclosures and investor disputes.
Particularly, a SagePoint Financial Inc. client filed FINRA Arbitration No. 24-00804 about Russell Jones. Mainly, the client alleged that Jones made unsuitable recommendations and failed to adequately disclose risks. Because of this, the investor allegedly incurred damages relating to real estate securities. Consequently, on January 9, 2025, SagePoint Financial Inc. settled this matter by paying the client $12,500 in damages.
Additionally, a client of SagePoint Financial Inc. disputed Russell Jones’s sales practices by filing FINRA Arbitration No. 20-04097. Allegedly, Jones made unsuitable recommendations and overconcentrated accounts. It appears that Jones caused the client to sustain damages connected to variable annuities. Therefore, SagePoint Financial Inc. opted to settle the matter on April 18, 2022, by compensating the client in the amount of $35,000.
Specifically, a SagePoint Financial Inc. client filed FINRA Arbitration No. 14-02265 about Russell Jones. Primarily, the client alleged that Jones breached his fiduciary duty, was negligent, violated the Ohio Securities Act, and breached a contract. For this reason, the client allegedly sustained damages associated with variable annuities and mutual funds. As a result, on December 9, 2014, SagePoint Financial Inc. settled this matter by paying the client $60,000 in damages.
Notably, a client of SagePoint Financial Inc. contested Russell Jones’s sales practices by filing FINRA Arbitration No. 12-02573. Allegedly, Jones engaged in unsuitable and excessive trading, committed misrepresentation, was negligent, and breached his fiduciary duty. It appears that Jones caused the client to sustain damages linked to mutual funds. Consequently, SagePoint Financial Inc. opted to settle the matter on June 7, 2013, by compensating the client in the amount of $350,975.
Do you have concerns or questions regarding investments you made with Russell Jones? You can get in touch with Soreide Law Group online or at (888) 760-6552 and consult with a securities attorney about a potential recovery of your investment losses. Soreide Law Group has recovered losses for investors throughout the United States. Also, the firm takes cases on a contingency fee arrangement and advances all costs. Jones and brokerage firms Jones worked for deny allegations of sales practice violations.
John Alex (CRD: 2020710) settled customer disputes at Morgan Stanley and UBS Financial Services between 2011 and 2025, according to BrokerCheck, which lists him as John L. Alex.
Sam Bhushan (CRD: 4884717) is named in several pending customer complaints and one settled dispute, according to his BrokerCheck report.
Sterling Louviere (CRD: 2021328), listed on BrokerCheck as Sterling Vaughn Louviere, is named in a pending customer claim over Reg D private placements, with Cabin Securities as the firm named.
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