Janney Montgomery Scott, LLC – Class Action Investigation

Ahdoot Wolfson is investigating a potential lawsuit against Janney Montgomery Scott LLC. It has been reported that Janney Montgomery Scott automatically transferred customers’ uninvested cash balances into cash sweep accounts that paid significantly lower interest rates than other available alternatives. According to the allegations, customers may have earned substantially less interest on their cash while Janney Montgomery Scott and affiliated institutions benefited from the spread between the low rates paid to customers and higher market rates. If you maintained a brokerage account with Janney Montgomery Scott and had uninvested cash placed into a cash sweep program, you may be entitled to compensation. Please fill out the form below, and we will contact you to discuss your potential claims.