If you have suffered trading losses with Florida-based stockbroker Scott A. Sibley, call today for a FREE Consultation regarding your investment loss recovery options.
According to FINRA reports, Scott Sibley has eight customer disputes pending for allegedly recommending unsuitable investments to his clients and excessively traded in their accounts – which resulted in unwarranted commissions while employed by his former broker-dealer, Raymond James & Associates, Inc.
Scott Sibley has a expansive history of 15 customer complaints over the course of his 20 years in the securities industry while employed by Raymond James & Associates ranging from allegations of breach of fiduciary responsibility to unsuitable recommendations and unauthorized trading.
Stockbrokers like Scott Sibley have a regulatory obligation to only recommend or engage in transactions that are suitable for their customers and to ensure that any recommendation to purchase investment products are suitable for the needs of each customer. Moreover, they also have an obligation not to excessively trade their customer accounts. If there is too much trading in a customer account, this excessive trading might be considered a type of stockbroker misconduct called “churning”. Churning occurs when a broker engages in excessive buying and selling in a customer’s account to generate commissions that solely benefit the broker. Frequent in-and-out purchases and sales of securities that don’t appear necessary to fulfill the customer’s investment goals may be evidence of churning.
If you are an investor who has suffered losses investing with Scott Sibley, you may be able to recover your losses through FINRA arbitration or securities litigation. Please call Kons Law Firm at (312) 757-2272 for a FREE, NO OBLIGATION consultation to discuss your investment loss recovery options.
Kons Law Firm represents investors nationwide in securities arbitration and litigation matters. To learn more about the Firm’s securities litigation and FINRA arbitration practice, please visit www.investmentlossattorney.com.