TERRY WAYNE RAAB is currently employed as a Broker and/or Investment Adviser at JANNEY MONTGOMERY SCOTT LLC located at 500 VIRGINIA STREET, SUITE 1090, CHARLESTON, WV, 25301.
TERRY WAYNE RAAB has worked at JANNEY MONTGOMERY SCOTT LLC since May 05, 2017
Disclosure History
TERRY WAYNE RAAB has 2 Disclosure Event(s).
Date: October 01, 2004 Category: Customer Dispute Allegations: NASD ARBITRATION AGAINST WACHOVIA SECURITIES, TERRY W. RAAB, FINANCIAL ADVISOR, AND PAULETTE A. STREET, REGISTERED SALES ASSISTANT, ALLEGES UNSUITABLE TRANSACTIONS IN THE SUMMER OF 2000 IN ADVISING THE CUSTOMER'S TO SELL AN EQUITY, INVEST IN MUTUAL FUNDS THAT SUBSEQUENTLY DECLINED IN VALUE, AND ELECT TO TAKE EARLY IRA DISTRIBUTIONS. Damage Amount Requested: $92,480.00 Settlement Amount: $20,000.00
Date: January 08, 2004 Category: Customer Dispute Allegations: PER U-5 FILED 7/26/2004 WEST VIRGINIA RESIDENTS VERBALLY COMPLAINED, STATING THEIR BELIEF THAT THEIR MFS CLASS B MUTUAL FUND SHARES MADE BETWEEN 1997 AND 2003 SHOULD HAVE BEEN INVESTED IN A SHARES BASED UPON THE SIZE OF THEIR INVESTMENT PURCHASES. DAMAGES NOT SPECIFIED BY THE CLIENT. WITHOUT ADMITTING LIABLILTY ON THE PART OF THE FIRM OR THE FINANCIAL ADVISOR, IN THE INTEREST OF CLIENT RELATIONS, THE CUSTOMER COMPLAINT WAS SETTLED FOR $12,000.00 Settlement Amount: $12,000.00 Broker Comment: RR FIRST AWARE OF THIS MATTER 7/28/04 WHEN AMENDED U-5 FILED. RR HAS NEVER HAD DISCUSSION WITH CLIENT OR FORMER FIRM ABOUT ALLEGED COMPLAINT.
More Information
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