Philadephia, Pennsylvania-based brokerage firm Janney Montgomery Scott agreed to pay a $45,000 FINRA fine as a result of various rules violations. One of the violations involved FINRA’s finding that Janney Montgomery had purchased municipal bonds for its own account from customers at unfair and unreasonable prices. Many brokerage firms have been fined as of late for such unfair pricing, which often results from brokerage firms charging investors excessive amounts for bond bond trades. These charges, known as markups and markdowns, historically have not been disclosed to investors, making it easy for brokerage firms to fleece investors without the investors having any knowledge of the wrongdoing. Bond investors can have their bond trades analyzed by a securiteis lawyer and can pursue FINRA arbitration claims against brokerage firms to recover excessive charges.

EN   ES   PT     

Miami Office
Grand Bay Plaza
2665 S. Bayshore Drive
Penthouse 2B
Miami, FL 33133
Telephone: 786.628.8236

Los Angeles Office
Available by Appointment
2029 Century Park East
Century Plaza Tower
Suite 400N
Los Angeles, CA 90067
Telephone: 424.544.7930

New York City Office
Available by Appointment
14 Wall St, 20th Floor
New York, NY 10005
Telephone: 917.382.5217

West Palm Beach Office
Northbridge Centre
515 N. Flagler Drive, Suite P-300
West Palm Beach, FL 33401
Telephone: 561.475.2887

Detroit Office
41000 Woodward Avenue,
Suite 350 East
Bloomfield Hills, Mi 48304
Telephone: 248.368.0182