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Russell Jones Formerly With Sagepoint Financial, Inc. Has 14 Customer Complaints For Alleged Broker Misconduct

Who is Russell Jones formerly with Sagepoint Financial, Inc.?

Russell Jones

Russell Jones (CRD #1383542) who was formerly registered with Sagepoint Financial, Inc. and located in Troy, Michigan, is a subject of one of our many securities industry sales practice abuse investigations. Prior to Sagepoint Financial, Inc., Russell Jones was associated with other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.

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Russell Jones Customer Complaints

Russell Jones has been the subject of 14 customer complaints that we know about to recover investment losses. Eleven of the customer complaints were settled by Sagepoint Financial in favor of the investors. The other 3 customer complaints were denied by Russell Jones’ former employers and the customers took no further action.

Allegations Against Russell Jones

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

  • Mismanagement of the account.
  • Acts of forgery occurred under the supervision of Russell Jones.
  • Failure to deliver annuity contract.
  • Misrepresentation related to sale of a variable life insurance policy.
  • Unsuitable recommendation of variable annuity.
  • Unsuitable and excessive trading.
  • Breach of fiduciary duty common law fraud-fraudulent misrepresentations related to mutual fund investment.
  • Violations of the Ohio Securities Act.
  • Overconcentration of client’s accounts in unsuitable alternative investments and annuities.

Russell Jones Red Flags & Your Rights As An Investor

Of course, Russell Jones 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 Russell Jones at Sagepoint Financial, Inc. on alert to review carefully the activity and performance of their accounts and question whether Russell Jones has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Sagepoint Financial, Inc. also raises questions about the brokerage firm’s supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.

Did You Lose Money Because of Broker Misconduct?

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If you have lost money due to negligence or fraud by a stockbroker or advisor, the easiest way to know if you have a case is to call our office at 800-732-2889. Our investment fraud attorneys will evaluate your claim for free and let you know if we can help you recover your losses.

Need Legal Help? Let’s talk.

or, give us a ring at 561-338-0037.

File A Claim To Recover Your Investment Losses At Sagepoint Financial, Inc. Due To Russell Jones

If you have questions about Sagepoint Financial, Inc. and/or Russell Jones 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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