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Timothy Daly of Janney Montgomery Scott Has 3 Customer Complaints for Alleged Broker Misconduct

Who is Timothy Daly of Janney Montgomery Scott?

Timothy Daly (CRD #1219609) who is currently registered with Janney Montgomery Scott and located in Upper Saddle River, New Jersey is a subject of one of our many securities industry sales practice abuse investigations.

Timothy Daly was also the subject of a FINRA investigation into whether he overcharged 24 customers’ commissions and fees. FINRA alleged that Timothy Daly transferred securities out of fee-based accounts and sold them in regular commission-based accounts, thereby earning both fees and commissions on securities transactions in violation of FINRA Rule 2010 requiring members to conduct their business in accordance with commercial honor and the just and equitable principles of trade.

In the end, Timothy Daly consented to a three-month suspension and all capacities and a fine of $97,500.

Timothy Daly Customer Complaints

Timothy Daly has been the subject of 3 customer complaints that we know about. Two of Timothy Daly’s 3 customers’ complaints were denied and the customers did not take any further action.

There is currently one pending customer complaint filed against Janney Montgomery Scott for investment losses caused by Timothy Daly’s alleged misconduct.

Allegations Against Timothy Daly

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

  • Claimants allege that unsuitable investments were made in their accounts by Timothy Daly.
  • The client’s attorney alleged, among other things, excessive trading by Timothy Daly.

Timothy Daly Red Flags & Your Rights as an Investor

Of course, Timothy Daly 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 that should put all current and former customers of Timothy Daly at Janney Montgomery Scott on alert to review carefully the activity and performance of their accounts and question whether Timothy Daly has engaged in any stockbroker misconduct that may have caused them investment losses.

A large number of customer complaints at Janney Montgomery Scott 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 Due to Timothy Daly

If you have questions about Janney Montgomery Scott and/or Timothy Daly 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.

Author Photo

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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