$100K Complaint Against Ex-Western International Advisor James Mayes

Azusa, California financial advisor James Mayes (CRD# 2879995) recently received an investor complaint alleging misconduct related to corporate bond investments. Records provided by the Financial Industry Regulatory Authority indicate that he is currently a broker and an investment advisor with Alexander Capital, having previously been registered with Western International Securities.

Mr. Mayes’ brokerCheck report discloses one investor complaint. Filed in March 2023, it alleges that as a representative of Western International Securities, he misrepresented and recommended unsuitable alternative investments and corporate bond products. (Additional  information about FINRA Rule 2111, which requires financial advisors to “have a reasonable basis to believe that a recommended transaction or investment strategy” is suitable for their customers, is available here.) The pending complaint alleges damages of $100,000.

According to the Financial Industry Regulatory Authority, James Mayes holds 14 years of securities industry experience. Based in Azusa, California, he has been a broker and an investment advisor with Alexander Capital since June 2023. His registration history includes Western International Securities (Woodland Hills, California; 2017-2023), Financial West Group (Tarzana, California; 2013-2017 and Reno, Nevada; 2001-2002), First Allied Securities (San Diego, California; 2000-2001), Prime Pacific Financial Corporation (Irvine, California; 1998-2000), and Dean Witter Reynolds (Purchase, New York; 1997-1998). His credentials include the passage of four securities industry qualifying exams: the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; the Uniform Securities Agent State Law Examination, or Series 63; and the Uniform Combined State Law Examination, or Series 66. He is licensed in California, New York, and Utah. (Information current as of June 3, 2023.)

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