Jack C. Howley, Park Avenue Securities – Claims for Selling away, “Global Credit Recovery”
Are you concerned about your investments with Jack C. Howley in Rumson, NJ? If so, the securities attorneys at The White Law Group may be able to help you by filing a FINRA Dispute Resolution claim.
According to an article in Two River Times, financial advisor Jack C. Howley of Rumson, New Jersey was reportedly discharged from Park Avenue Securities on Oct. 30, 2018 after allegedly failing to disclose private securities transactions and referring clients to investments not offered by the firm.
According to his FINRA BrokerCheck report, Howley was registered with Park Avenue Securities for 19 years. He reportedly has six customer complaints currently pending in relation to sales of Global Credit Recovery, “an alleged fraudulent investment scheme.”
Investigating Potential Lawsuits
The White Law Group is investigating potential lawsuits regarding the liability that Park Avenue Securities may have for failure to properly supervise Howley.
When a FINRA registered representative conducts business outside the scope of the brokerage firm where they are registered, the act can be considered “selling away.”
Some brokers, looking to supplement their income, will go outside the traditional market, trying to find other products to push.
If a registered broker “sells away” from their firm, the brokerage firm may still be liable for negligent supervision of their broker representative and may be responsible for investment losses in a FINRA dispute resolution claim.
The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Franklin, Tennessee.
We represent investors in FINRA arbitration claims in all 50 states, including New Jersey. Our attorneys have recovered millions of dollars from many brokerage firms in the past.
If you are concerned about your investments with Jack C. Howley in Rumson, New Jersey, please call the securities fraud attorneys at The White Law Group at 888-637-5510 for a free consultation.
For more information on The White Law Group, and its representation of investors, please visit www.WhiteSecuritiesLaw.com.