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Bernie Townes Of Janney Montgomery Scott And Formerly With UBS Financial Services Has 3 Customer Complaints For Alleged Broker Misconduct

Who is Bernie Townes of Janney Montgomery Scott?

Bernie Townes (CRD #1305111) who is currently registered with Janney Montgomery Scott and located in Melville, New York is a subject of one of our many securities industry sales practice abuse investigations. Prior to Janney Montgomery Scott, Bernie Townes was associated with UBS Financial Services and other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.

Bernie Townes Customer Complaints

Bernie Townes has been the subject of 3 customer complaints that we know about. Two of Bernie Townes’ 3 customer complaints were settled in favor of investors. One of Bernie Townes’ customers’ complaints was denied and, to date, the customers have not taken any further action.

Allegations Against Bernie Townes

A sample of the allegations made in the FINRA reported arbitration claim settlements and/or pending complaints for investment losses are as follows:

  • Claimant alleged that unsuitable investments were made in her accounts by Bernie Townes.
  • Client alleged that “these transactions into bond funds were unauthorized, and were made by Bernie Townes.
  • Customer alleged the purchase of unauthorized investments and failure to follow instructions by Bernie Townes.

Bernie Townes Red Flags & Your Rights As An Investor

Of course, Bernie Townes did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of Bernie Townes at Janney Montgomery Scott and UBS Financial Services on alert to review carefully the activity and performance of their accounts and question whether Bernie Townes has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Janney Montgomery Scott and UBS Financial Services also raises questions about the brokerage firms’ supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.

File A Claim To Recover Your Investment Losses At Janney Montgomery Scott and UBS Financial Services Due To Bernie Townes

If you have questions about Janney Montgomery Scott, UBS Financial Services, and/or Bernie Townes and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.

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Robert Wayne Pearce

Robert Wayne Pearce of The Law Offices of Robert Wayne Pearce, P.A. has been a trial attorney for more than 40 years and has helped recover over $170 million dollars for his clients. During that time, he developed a well-respected and highly accomplished legal career representing investors and brokers in disputes with one another and the government and industry regulators. To speak with Attorney Pearce, call (800) 732-2889 or Contact Us online for a FREE INITIAL CONSULTATION with Attorney Pearce about your case.

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