Jeannette Adcock, Formerly of David A. Noyes & Company, Named in Customer Dispute Related to Sale of Illiquid Structured Certificates of Deposit

Adcock has faced numerous complaints in the past few years.

The Sonn Law Group is investigating allegations that Jeannette Adcock committed misconduct. If you or a family member has suffered losses investing, we want to discuss your case. Please contact us today for a free review of your case.

Jeannette Adcock, Formerly of David A. Noyes & CompanyJeannette Adcock (CRD#: 1432053) is a financial advisor at David A. Noyes & Co. in Itasca and Indianapolis, IL, where she has been employed since 2017. Previously, she was employed by Wayne Hummer Investments.

She was permitted to resign in April 2017 after she allegedly failed to forward a written customer complaint to her supervisor or compliance department as required by firm policy. Adcock has been in the securities industry since the 1980s and previously worked at Wayne Hummer Investments and Prudential Securities.

Adcock has been the subject of several customer complaints in recent years, mostly related to the sale of illiquid structured certificates of deposit (“CDs”). Structured CDs are also referred to as “market-linked CDs” and “adjustable-rate CDs.” Structured CDs a/k/a Market Linked CDs are investment vehicles that are linked to one or more securities or market indices.

Structured CDs a/k/a Market Linked CDs have a fixed maturity date and are designed to offer specific risk-return tradeoffs, with pre-set formulas for both the potential risk and potential return. These calculations are complex and generally not understood by a “main street” retail investor.

Among the specific complaints against Jeannette Adcock are the following:

In addition, in 2017, the State of Illinois sanctioned Jeannette Adcock for selling securities within the state while she was not properly registered. The sanction resulted in a fine of $1,000.

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The Sonn Law Group is currently investigating allegations that brokers recommended unsuitable investments. We represent investors in claims against negligent brokers and brokerage firms. If you or your loved one experienced investment losses, we are here to help. For a free consultation, please call us now at 866-827-3202 or complete our contact form.