Investors may have incurred losses because of securities broker William Stephen Jones (also known as Steve Jones) [CRD: 867147, Anderson, South Carolina], based on disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Jones has worked for Cambridge Investment Research Inc. and Cambridge Investment Research Advisors Inc. since January 2, 2018. Keep reading to find out more the client disputes and settlements involving this securities broker.
Evidently, an LPL Financial LLC client filed FINRA Arbitration No. 24-01452 about Stephen Jones. Allegedly, Jones made REIT recommendations that did not align with the clients' risk tolerance and objectives. Because of this, the client allegedly sustained damages on real estate securities. Therefore, on May 6, 2025, LPL Financial settled this matter by paying the client $80,000.00 in damages.
Additionally, a client of Royal Alliance Associates contested Stephen Jones’s sales practices, according to a complaint dated June 29, 2005. Allegedly, Jones made unsuitable recommendations involving the allocation of an inherited account. Supposedly, Jones caused the client to sustain damages on variable annuities. Consequently, the client sought compensation from Royal Alliance Associates or Jones in the amount of $5,000.00 in this matter. However, the firm denied this complaint.
Are you concerned regarding investments you made with Stephen Jones? Reach out to Soreide Law Group online or at (888) 760-6552 and speak to a securities attorney about a potential recovery of your losses. Soreide Law Group has recovered losses for investors throughout the US. Also, the firm works on a contingency fee arrangement and advances all costs. Jones and the firms Jones worked for deny allegations of sales practice violations.
JOHN LAWRENCE ALEX (JOHN L ALEX) has been registered both as a broker and financial advisor with MORGAN STANLEY of Morristown, New Jersey, since11/15/2011. According to FINRA’s BrokerCheck, available to the public on FINRA’s website, JOHN L ALEX has 36 years of experience in the securities industry and has been registered with 4 firms. Alex […]
JOSEPH KELLY (JOE KELLY) has been registered as a broker with VCS VENTURE SECURITIES of New York, NY since 6/17/2026. He was previously registered with SPARTAN CAPITAL SECURITIES LLC of New York, NY from 01/13/2017 - 12/18/2024. According to FINRA’s BrokerCheck, available to the public on FINRA’s website, JOSEPH KELLY has 21 years of experience […]
Soreide Law Group has filed a FINRA arbitration on behalf of our clients (Claimants) against: CENTAURUS FINANCIAL, INC (Respondent). The Claimants reside in Arizona and are retired. The Claimants were seeking stable investments that would provide them with income. The lawsuit states that the Claimants have a long-standing relationship with CENTAURUS FINANCIAL and its Financial Advisor, […]
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