JOAN MCGRATH

JOAN MCGRATH is currently employed as a Broker and/or Investment Adviser at JANNEY MONTGOMERY SCOTT LLC located at 575 LEXINGTON AVENUE, 15TH FLOOR, NEW YORK, NY, 10022-6102.

JOAN MCGRATH has worked at JANNEY MONTGOMERY SCOTT LLC since October 01, 1990

Disclosure History

JOAN MCGRATH has 1 Disclosure Event(s).

Date: March 30, 2009
Category: Customer Dispute
Allegations: NEW JERSEY CLIENT STATES THAT HIS FORMER FINANCIAL CONSULTANT, JOAN MCGRATH, DID NOT FULLY EXPLAIN THE RISKS ASSOCIATED WITH HER RECOMMENDATION OF THE PROSHARES ULTRA ETF FUND IN MAY OF 2008 AND DEMANDS COMPENSATION OF $30,000 AS A RESULT.
Damage Amount Requested: $30,000.00
Broker Comment: CLAIM DENIED BY FIRM ON JUNE 4, 2009. ON REVIEW IT APPEARS THE RISKS OF CLIENT'S ETF INVESTMENT WERE DISCLOSED BOTH VERBALLY AND IN WRITING AT THE POINT OF SALE BY THE FINANCIAL CONSULTANT.

More Information

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