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.)

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