Investor Alert: $9.1 Million Complaint Filed Against Jay Hershey – May Recover Investor Losses
$9.1 Million Complaint Filed Against Jay Hershey.
JAY ALLEN HERSHEY
CRD#: 2576608
Goodman & Nekvasil, P.A. Investigates Allegations Involving Broker Thomas Gary Justice.
JAY ALLEN HERSHEY (CRD#: 2576608), a registered broker with Piper Sandler & Co., is the subject of a pending customer dispute, according to FINRA BrokerCheck records. The complaint, filed in June 2023, alleges that Hershey mishandled the sale of company stock by selling unvested shares that were still subject to transfer restrictions. As a result, the claimant contends they lost the opportunity to sell at a much higher market price, and the damages sought in this case total an estimated $9.1 million. These serious allegations raise concerns of potential violations of FINRA rules governing suitability, due diligence, and proper handling of client accounts.
If you invested through Jay Allen Hershey and believe you suffered losses due to unsuitable recommendations, mishandling of vested shares, or other misconduct, you may have legal recourse. The securities attorneys at Goodman & Nekvasil, P.A. are currently investigating claims against Hershey and Piper Sandler & Co. Our firm has successfully recovered more than $500 million on behalf of wronged investors nationwide. Contact Goodman & Nekvasil, P.A. at 800-500-4442 for a free consultation about your rights and potential recovery options.
Investor Alert: $9.1 Million Complaint Filed Against Jay Hershey – May Recover Investor Losses
Goodman & Nekvasil, P.A., is investigating brokers who may have unsuitably recommended investments to their clients.
St. Petersburg, Florida law firm Goodman & Nekvasil, P.A., has a national practice representing victimized investors. The firm continues to investigate brokerage firms that placed elderly retirees and other conservative investors in unsuitable investments.
Goodman & Nekvasil, P.A., has filed numerous cases against brokerage firms selling high-risk investments and has recovered more than $500 million dollars on behalf of victimized investors.
We allege in these cases that these investment recommendations were unsuitable for our clients in view of their financial situation, needs and investment objectives.
There is no charge for an evaluation of your case. We handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee.
If you incurred losses on your investment and would like your case evaluated by a securities attorney, please contact us.
Some of the information in this blog post was obtained from FINRA on 9/30/25. If you believe this information was reported incorrectly, please contact our firm: 1-800-500-4442.