Richard Crittenden: Did Janney Advisor Make Unauthorized Trades?

A recent investor complaint against Richmond, Virginia financial advisor Richard Crittenden (CRD# 1190153) alleges that he made unauthorized transactions, resulting in losses. Financial Industry Regulatory Authority records show that he is registered as a broker and an investment advisor with Janney Montgomery Scott.

Mr. Crittenden’s BrokerCheck report discloses two investor complaints. The most recent, filed in May 2024, alleges that as a representative of Janney Montgomery Scott, he sold securities in an estate’s account without the executrix’s authorization, resulting in a loss of value. The pending complaint alleges unspecified damages.

An earlier investor complaint, filed in 2004, alleged that as a representative of Legg Mason Wood Walker, he made unauthorized trades, failed to follow instructions, and recommended unsuitable bond investments. The complaint alleged damages of $111,770.79 and was denied.

Janney Montgomery Scott’s website includes a profile of Mr. Crittenden that describes his background and approach. “I have always believed in a holistic approach to help clients achieve their financial goals through trusted advice and unparalleled service,” it states. “I define my success by how well I understand a client’s situation and how well the customized plan that I develop for each client works. I have helped investors manage their wealth, guiding them through investment strategies tailored to suit their diverse needs.”

According to the Financial Industry Regulatory Authority, Richard Crittenden holds 40 years of securities industry experience. Based in Richmond, Virginia, he has been registered as a broker and an investment advisor with Janney Montgomery Scott since 2009. His past registrations include Citigroup Global Markets and Legg Mason Wood Walker. His credentials include the passage of five securities industry qualifying exams: the General Securities Representative Examination, or Series 7; the Futures Managed Funds Examination, or Series 31; the Securities Industry Essentials Examination, or SIE; the Uniform Securities Agent State Law Examination, or Series 63; and the Uniform Investment Adviser Law Examination, or Series 65. He holds 29 state licenses. (Information current as of June 29, 2024.)

Carlson Law represents investors throughout the United States in claims against financial advisors and investment firms. If you or a loved one have suffered investment losses, please call us at 888-976-6111 or complete our contact form for a free and confidential consultation.