Jonathan Towne Melges Allegedly Engaged Alleged Unsuitability & Over-concentration, & a Claim is Requesting $500K in Damages
Jonathan Melges is the subject of a customer dispute alleging unsuitability and over-concentration, all according to a customer complaint disclosed in publicly available records maintained by the Financial Industry Regulatory Authority (FINRA).
Said claim was filed on February 12, 2018, and also claims violations of the Michigan Securities Law, breach of contract and promissory estoppel, and violation of the Michigan Consumer Protection Act, FINRA states. Said claim is also requesting $500,000, FINRA notes.
The investor rights lawyers at Goldman Scarlato & Penny law firm are investigating Mr. Melges’s conduct to determine whether any investors may have claims for alleged unsuitability and over-concentration. Investors may contact investor rights attorney Alan Rosca to provide information or inquire about their legal options.
Jonathan Towne Melges has no other customer disputes, but in 2012 he was named as a defendant in a case initiated by his former broker-dealer.
Jonathan Towne Melges Has Worked for Raymond James & Associates, Inc in Battle Creek, Michigan since May of 2012, and Has Fifteen Years in the Securities Industry
Jonathan Melges began his career in the securities industry in J.J.B. Hillard, W.L. Lyons, LLC in Battle Creek, Michigan, in December 5, 2002, and worked for the firm until June 21, 2012, FINRA states.
Jonathan Melges also worked at Raymond James & Associates, Inc. in Battle Creek, Michigan, from May 25, 2012 until the present, FINRA notes.
Jonathan Melges is registered in the securities industry in 30 states, FINRA reports.
Brokerage firms such as Raymond James & Associates, Inc have a responsibility to adequately supervise all of their registered representatives who are employed through their firm, to prevent violations of securities rules and regulations. Brokerage firms also must initiate action to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies. If and when brokerage firms fail to adequately supervise their registered representatives, they may be held liable for investment losses sustained by customers.
Securities Lawyer Investigating
The Goldman Scarlato & Penny PC law firm represents investors who lose money as a result of investment-related fraud or misconduct and are currently investigating Jonathan Melges’s alleged unsuitability and over-concentration. The firm takes most cases of this type on a contingency fee basis and advance the case costs, and only gets paid for their fees and costs out of money recovered for clients. Attorney Alan Rosca, a securities lawyer and adjunct professor of securities regulation, has represented thousands of victimized investors across the country and around the world in cases ranging from arbitrations to securities class actions.
If you or a loved one or a friend has lost money investing with Jonathan Melges, you may contact attorney Alan Rosca or his colleagues for a free no-obligation evaluation of their recovery options, at 888-998-0530, via email at email@example.com, or through the contact form on this webpage.