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.
Soreide Law Group is investigating potential investor claims involving sales practice violations by securities brokers and financial advisors related specifically to Next Level Holdings LLC and its affiliated Yield Wealth investment products. These offerings—including Next Level Notes and Yield Term Deposits—were promoted as high-yield, income-generating investments with purported principal protection. However, significant adverse information has […]
Investors have reportedly disputed the sales practices of securities broker David Robert McCain [CRD: 2039283, Johnson City, Tennessee], given the disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. McCain worked for Woodbury Financial Services Inc. from September 4, 2009, to January 19, 2024, Osaic Wealth Inc. from January 19, 2024, to August 22, 2024, and […]
Investors apparently complained about securities broker Ian Christopher McElreath [CRD: 4754189, Atlanta, Georgia], according to publicly available information found on Financial Industry Regulatory Authority (FINRA) BrokerCheck. McElreath worked for Ameritas Investment Company LLC from November 26, 2019, to April 6, 2021; 20/20 Capital Management, Inc from January 17, 2020, to April 20, 2021; Emerson Equity […]
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