Written by The White Law Group• January 6, 2020• 6:50 pm• Blog, Current Investigations, Securities Fraud Articles

John J. Cahill Broker Investigation

Financial Advisor John J. Cahill, Janney Montgomery Scott in Upper Saddle River, NJ

Are you concerned about investments with John J. Cahill in Upper Saddle River, NJ? If so, the securities attorneys at The White Law Group may be able to help you by filing a FINRA Dispute Resolution claim.

According to public records, John Joseph Cahill has reportedly been barred from the securities industry on January 2. Cahill reportedly refused to provide documents and information and to appear for on-the-record testimony requested by FINRA in connection with an investigation into allegations that he commingled and/or converted funds belonging to, and served as power-of-attorney for, an elderly individual who was his customer while he was associated with his former member firm.

According to his FINRA BrokerCheck report, Cahill was reportedly affiliated with Janney Montgomery Scott in Upper Saddle River, NJ from 2013 until 2019 when he was purportedly dismissed after allegations. Cahill reportedly has one customer complaint and two employment separations, according to his broker report. Allegations include unsuitable investment recommendations.

Investigating Potential Lawsuits

The White Law Group is investigating potential lawsuits regarding the liability that Cahill’s employers may have for failure to properly supervise him.

When brokers violate securities laws, such as making unsuitable investments, the brokerage firm they are working with may be liable for investment losses through FINRA Arbitration.

Brokerage firms that fail to monitor the business activities of their employees may be liable for investment losses due to negligent supervision for the misconduct of their employees.

The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Franklin, Tennessee.

We represent investors in FINRA arbitration claims in all 50 states, including New Jersey. Our attorneys have recovered millions of dollars from many brokerage firms in the past.