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Naples Advisor Stephen Spahr: Investor Files New Complaint
Janney Montgomery Scott financial advisor Stephen Spahr (CRD# 865189) recently received an investor complaint alleging his conduct resulted in six-figure damages. Financial Industry Regulatory Authority records show that he is a broker and an investment advisor based in Naples, Florida.
Mr. Spahr’s BrokerCheck report discloses one investor complaint. Filed in September 2022, it alleges that as a representative of Janney Montgomery Scott, he made a poor investment recommendation involving a stock product. (Securities industry rules and regulations stipulate that brokers must recommend investments that are suitable for their customers’ background and objectives: more information on these standards is available here.) The pending complaint alleges damages of $200,000.
According to the Financial Industry Regulatory Authority, Stephen Spahr holds 43 years of securities industry experience. Based in Naples, Florida, he has been a broker and an investment advisor with Janney Montgomery Scott since 2015. His past registrations include Raymond James & Associates (Naples, Florida; 2013-2015), Morgan Keegan & Company (Naples, Florida; 2006-2013), Citigroup Global Markets (Naples, Florida; 2006), Legg Mason Wood Walker (Naples, Florida; 1995-2006), Prudential Securities (New York, New York; 1979-1995), and Prudential-Bache Securities (1984-1986). His credentials include the passage of five securities industry qualifying exams: the General Securities Sales Supervisor Examination (Options Module & General Module), or Series 8; the General Securities Representative Examination, or Series 7; the Interest Rate Options Examination, or Series 5; the Securities Industry Essentials Examination, or SIE; and the Uniform Securities Agent State Law Examination, or Series 63. He holds 46 state licenses. (Information current as of November 2, 2022.)
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.