Sylvester Knox Allegedly Committed Acts of Misrepresentation & Omissions of Material Facts; Knox Settled a Dispute for $300K in 2017
Sylvester Knox allegedly engaged in acts of misrepresentation and omission of material facts, all according to a customer complaint disclosed in publicly available records maintained by the Financial Industry Regulatory Authority (FINRA).
The investor rights lawyers at Goldman Scarlato & Penny law firm are investigating Mr. Knox’s conduct to determine whether any investors may have claims for alleged misrepresentation and omission. Investors may contact investor rights attorney Alan Rosca to provide information or inquire about their legal options.
Sylvester Knox has 16 customer disputes settled in 2016 alleging unauthorized trading, FINRA states. Knox, for example, in a claim filed in May 18th, 2017, settled a dispute alleging misrepresentations for $300,000, FINRA notes.
Said claim alleged misrepresentation and omission of material facts from August 2012 to May 2017 regarding Puerto Rico municipal bonds, FINRA states.
Knox Settled Two Customer Disputes in 2016 for $69,344.40 & $105,947.26, Respectively
Sylvester Knox settled two customer disputes on November 18, 2016, FINRA states. One customer alleged unauthorized account activity and misrepresentation from August 2016 to September 2016, and the claim was settled for $69,344.40, according to FINRA.
The second customer alleged unauthorized account activity and misrepresentation also from August 2016 to September 2016, and said claim was settled for $105,947.26, FINRA notes.
Knox has worked in the securities industry for 29 years for eight different firms, including at FSC Securities from 2017 to 2018, but spent the majority of his career at Merrill Lynch, Pierce, Fenner & Smith Inc., from 2000 to 2017, FINRA reports.
Brokerage firms such as Merrill Lynch, Pierce, Fenner & Smith 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 must also 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 Sylvester Knox‘s alleged acts of misrepresentation and omission of material facts. 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 Slyvester Knox, 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 firstname.lastname@example.org, or through the contact form on this webpage.