Published On: May 29, 2015

Stoltmann Law Offices is investigating Jerry Irvin Chancy. Chancy recently entered into a Letter of Acceptance, Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA) and was barred from the industry in any and all capacities. Chancy refused to appear for a FINRA-requested on-the-record testimony regarding an investigation into whether he had engaged in an unapproved outside business activity and/or engaged in an unapproved private securities transaction. This is also called “selling away” and is when a broker solicits a customer to purchase securities not held or offered by the brokerage firm. Such activities are a violation of securities regulations.

Jerry Chancy was registered with UR Financial Inc., from May 1988 until April 1990, MetLife Securities Inc. in New York, New York from April 1990 until July 1995, Lincoln Investment Planning in Savannah, Tennessee from July 1995 until November 2006 and Legend Equities Corporation, also in Savannah, from November 2006 until January 2015. He has one customer dispute against him. FINRA permanently barred him from acting as a broker or associating with firms that sell securities to the public, he is not licensed, and he is not currently associated with any FINRA member firm.

If you invested money with Jerry Chancy, his former firm, Legend Equities Corporation, can be held liable for investment losses. They had a duty to reasonably supervise him while he was employed there. Please call our securities law office, based in Chicago, at 312-332-4200 to speak to an attorney. The call is free with no obligation.

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If you have suffered financial losses because of the negligence or fraud of your financial advisor or broker through unsuitable investment recommendations, over-concentration, churning, misrepresenting risks, conversion or selling away, you have legal rights and options to pursue recovery of those losses.

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