The law firm of Oakes & Fosher is presently investigating the possible misconduct of securities broker Jeannette Adcock. According to her publicly available FINRA BrokerCheck report, Jeannette Adcock has been the subject of multiple customer disputes over the course of her career.
Jeannette Adcock is an Illinois based securities broker. She has worked in the securities industry for thirty-two years. During her career, she has been registered with five different securities firms.
Her Registrations
- Merrill Lynch (1987-1997)
- Prudential Securities (1997-2003)
- Wachovia Securities (2003-2004)
- Wayne Hummer Investments (2004-2017)
- David A. Noyes & Company (2017-Present)
The Allegations
- In January 2017, a customer alleged that they were misled by Adcock into buying unsuitable investment products that did not meet their risk tolerance, time frame, and income needs. This case was settled for $21,884 in damages.
- In November 2017, a customer alleged that they were very clear with Jeannette Adcock with needing a very safe investment and that losing principal was not an option. Adcock allegedly presented an IRA CD without explaining the risk factor and that CDs were invested in securities. Petrified of losing principal, the customer sold the CD for a loss.
- In February 2018, the children of a recently deceased customer complained that the limitations of a CD that Jeannette Adcock had sold their mother had not been adequately explained to her. This case was settled for $22,000.
- In November 2018, customers alleged that Jeannette Adcock failed to fully disclose the details of a structured CD product. The customer believe that this product was not in line with their previously stated investment objectives. This case is currently pending. The customer is seeking $71,500 in damages.
What Does This Mean?
Securities brokers are required to disclose all the facts associated with any given security when pitching it to their customers. Failing to disclose all associated details can result in investors purchasing securities that they would not have otherwise purchased. This is a very serious allegation because it can often lead to investors being placed in highly unsuitable investments that can cause them to incur serious losses.
Oakes & Fosher Can Help
Many investors are unaware of the legal recourse available to them after losing money due to securities broker fraud and/or negligence. The truth is that investors who have lost money in this fashion may actually be entitled to damages.
Oakes & Fosher dedicates its entire legal practice to helping investors across the nation. If you, or someone you know, have lost money investing with Jeannette Adcock, please contact Oakes & Fosher for a free and private consultation. Oakes & Fosher handles cases on a contingency basis, which means there are no fees charged unless we collect for you.
