Stoltmann Law Offices is investigating Douglas Moline, a broker with Janney Montgomery Scott in Stuart, Florida. Scott was accused of recommending the purchase of unsuitable variable annuity products that charged excessive fees. This is against securities rules and regulations. Variable annuity products are similar to mutual funds, but have additional features. They can be very illiquid and risky investments. Moline’s firm, Janney Montgomery Scott, can be held liable for investment losses you may have suffered with Douglas Moline. The firm’s duty is to reasonably supervise him. The firm can be held accountable in the Financial Industry Regulatory Authority (FINRA) on a contingency fee basis. Please call today for your free consultation with one of our securities attorneys.
Douglas Moline was registered with Citigroup Global Market in Stuart, Florida from May 2005 until September 2008 and Janney Montgomery Scott in Stuart since August 2008. He has two customer disputes against him, one of which is currently pending.