Charles James Euler Jr. (CRD #: 202696) is a financial advisor who disclosed a consumer-initiated, investment-related complaint from June 4, 2018 containing allegations against Euler of recommending unsuitable over-the-counter equities to the investor while registered with Janney Montgomery Scott LLC (Radnor, Pennsylvania), resulting in the investor’s account having been over-concentrated in speculative securities and causing losses. The complaint was settled for $45,000.00.
According to FINRA BrokerCheck, this is the seventh disclosure
making reference to allegations of Euler’s sales practice violations affecting
Janney Montgomery Scott LLC investors. The first disclosure, dated September 28,
2004, was a complaint involving allegations of misrepresentation of unit
investment trust investments, where the investor alleged $50,000.00 in damages.
The second disclosure, which was dated March 7, 2016, involved
an arbitration containing allegations that unsuitable stocks were held in the accounts
of multiple investors. (Case#: 16-00248). The arbitration was settled for
damages totaling $75,000.00. A third disclosure concerned an arbitration dated
April 19, 2016 in which Euler was alleged to have allocated the investors’ accounts
in stocks that were not suitable for them. (Case #: 16-01026). The investor agreed
to settle the matter for $40,000.00 in damages.
In the fourth disclosure, a May 9, 2016 arbitration, the
investor contended that Euler misrepresented and omitted facts pertaining to
securities purchases, and further alleged that Euler executed trades for the investor’s
account which neither reflected the investor’s investment objectives nor was authorized
by the investor. (Case #: 16-01980). That arbitration was settled for damages totaling
$250,000.00. The fifth disclosure also concerned a May 9, 2016 arbitration
containing identical allocations of Euler’s sales practice violations. (Case #:
16-02087). The investor agreed to resolve the dispute for $350,000.00 in
damages.
The sixth disclosure consisted of an arbitration dated January 26, 2017 involving allegations of unsuitable, speculative equities being held in the investor's account, resulting in an unbalanced investment portfolio. (Case #: 17-00209). A settlement was
reached for the investor to be paid $150,000.00 in damages.
On April 30, 2018, following the sixth consumer-initiated
investment-related dispute, Janney Montgomery Scott LLC terminated Euler’s
registration.
If you believe that you are a victim of sales practice
violations such as those alleged to have been committed by Charles James Euler,
Jr., contact the Law Office of Peter M. Spett at (561) 463-2799 for a
complimentary consultation to evaluate your legal rights and claims. Peter M.
Spett has extensive experience recovering losses for investors.
