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Janney Montgomery Scott Reviews
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Stockbroker Pearl Lee of Janney Montgomery Scott
BEWARE of Pearl Lee of Janney Montgomery Scott in Philadelphia, PA. This woman is morally bankrupt and a complete fraud in both her professional and personal life! In 2005, Pearl Lee Gitter was a financial adviser with Morgan Stanley Dean Witter. At that time, her...
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ID
Location
Philadelphia, Pennsylvania
Reason of review
Churning and Betrayal
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Janney Montgomery Scott
In mid-February of this year 2022, our Philadelphia Janney headquarter office received a bombshell about Pearl Lee. An external email was sent to multiple associates detailing Pearl Lee's numerous online negative reviews and customer complaints spanning several years.
Pearl Lee quickly became the gossip in our office. This email was immediately forwarded to our Communications Director (BD) and our Corporate Lawyer (MG) for resolution. Initially, we believed these online accusations had no merit and came from a known disgruntle family member/client, so we felt a defamation suit would be warranted. I say this because many of us as Fiduciaries would be impacted by these numerous public negative reviews which could derail future clients that are interested in investing with us at Janney.
After several months, we found out NO ACTIONS relating to defamation will be done by our legal counsel. No cease and desist, not even minor suits like Interference with Business Relations or Emotional Distress. In conclusion, no actions will be executed because (according to internal sources), this would be a public relations nightmare for Janney. Apparently there is no winning pursuing a lawsuit against the one source of these negative reviews.
This tells us there is TRUTH to these online allegations and Pearl Lee's reputation of defrauding her clients is a FACT!
So, on behalf of us true fiduciaries, I apologize to all of Pearl Lee's victims. Not all financial advisors are greedy and corrupt.