UPDATE 4/10/2020: The Massachusetts Securities Division has fined Janney Montgomery Scott LLC more than $286,000 and ordered the broker-dealer to pay nearly $164,000 in restitution to investors after one of its brokers engaged in short-term trading of mutual funds. In a complaint filed last year, the state regulators accused Janney Montgomery Scott of failing to supervise its agent, Stephen Querzoli, for short-term trades involving Class A shares of mutual funds. Stephen Querzoli purportedly generated nearly $200,000 in commissions and fees over a 6-year period.
Galvin Legal, PLLC is launching an investigation on behalf of investors who may have suffered losses investing with Stephen Querzoli. If you suffered losses investing with Stephen Querzoli, then Galvin Legal, PLLC may be able to help you recover your losses in a Financial Industry Regulatory Authority (“FINRA“) arbitration claim.
Stephen Querzoli (CRD# 1327734)
As of April 10, 2020, Stephen Querzoli’s FINRA BrokerCheck Report contains the following:
Current and Previous Registrations
06/28/2012 – 12/04/2018 JANNEY MONTGOMERY SCOTT LLC (CRD#:463) DANVERS, MA
11/25/2005 – 07/05/2012 RBC CAPITAL MARKETS, LLC (CRD#:31194) PORTSMOUTH, NH
11/23/2001 – 12/16/2005 ADVEST, INC. (CRD#:10) HARTFORD, CT
11/29/1995 – 11/28/2001 MORGAN STANLEY DW INC. (CRD#:7556) PURCHASE, NY
02/11/1988 – 11/20/1995 GRUNTAL & CO. INCORPORATED (CRD#:372) NEW YORK, NY
03/28/1985 – 02/19/1988 L. F. ROTHSCHILD & CO. INCORPORATED (CRD#:501)
12/18/1984 – 03/22/1985 MOSELEY, HALLGARTEN, ESTABROOK & WEEDEN, INC. (CRD#:7908)
FINRA requires brokerage firms to conduct due diligence on investments and to conduct a suitability analysis when recommending securities to a customer that takes into account the customer’s knowledge and experience. Brokerage firms that fail to conduct adequate due diligence or that make unsuitable recommendations can be held responsible for the customer’s losses in a FINRA arbitration claim.
If you suffered losses investing with Stephen Querzoli and would like a free consultation with a securities attorney, then please call Galvin Legal, PLLC at 1-800-405-5117.
This information is all publicly available and is being provided to you by Galvin Legal, PLLC.
Galvin Legal, PLLC is a national securities arbitration, securities mediation, securities litigation, securities fraud, securities regulation and compliance, and investor protection law practice. For more information on Galvin Legal, PLLC and its representation of investors, please visit www.galvinlegal.com or call 1-800-405-5117.
