INVESTIGATION: John Cahill of Upper Saddle River, NJ
John Cahill, formerly with Janney Montgomery Scott, Barred from Securities Industry
Have you lost money with financial advisor John Cahill of Upper Saddle River, New Jersey? We are investigating allegations made by FINRA, the Financial Industry Regulatory Authority, against John J. Cahill. FINRA barred Cahill from the securities industry after he failed to respond to a FINRA investigation. FINRA was investigating Cahill after he was terminated by his former brokerage firm, Janney Montgomery Scott, for allegations of theft and commingling customer funds.
John Cahill was a financial advisor and registered representative of Janney Montgomery Scott from October 2013 to March 2019. He worked at a branch office in Upper Saddle River, New Jersey. Cahill was also terminated by a previous brokerage firm in 2013.
Brokerage firms like Janney Montgomery Scott have a responsibility to adequately supervise all representatives who are registered through their firm. Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies. When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.
Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado; Phoenix, Arizona; Seattle, Washington; and Ann Arbor, Michigan. We represent investors in FINRA arbitration proceedings in all 50 states, including investors in New Jersey. Our attorneys have represented over one thousand investors against many brokerage firms in the past.
Click to view: Cahill, John FINRA AWC