Corpus Christi financial advisor Jaime Rios (CRD# 1747126) was recently sanctioned by securities regulators in connection with alleged rule violations....Read More
Carey James: $66K Complaint Against James Financial Advisor
Arroyo Grande, California financial advisor Carey James (CRD# 1420763) recently received an investor complaint alleging his investment advice resulted in losses. Financial Industry Regulatory Authority records show that he is a broker and an investment advisor registered with Centaurus Financial, doing business as James Financial Group.
Mr. James’ BrokerCheck report discloses one investor complaint. Filed in June 2022, it alleges that as a representative of Centaurus Financial, he provided unsuitable investment advice and breached his fiduciary duty in relation to a corporate bond investment. The pending complaint alleges damages of $66,000.
In a statement included in the pending complaint’s disclosure, Mr. James “vehemently” denied any wrongdoing and wrote that the allegations are “completely” meritless. “The investment about which the customers complained were suitable and were recommended based on the customer’s objectives, goals and financial circumstances and were offered only after their review of all material documentation related to the investment,” he wrote, continuing: “The customers confirmed in writing that they not only received the requisite investment documentation/disclosures, but that they fully understood the characteristics and risks of the investment.” He concluded by stating that he placed the customer’s interests first “[a]t all times” and that he will defend himself in the matter “to the fullest extent of the law.”
According to the Financial Industry Regulatory Authority, Carey James holds 36 years of securities industry experience. Based in Arroyo Grande, California, he has been a broker and an investment advisor with Centaurus Financial since 2004 and 2009, respectively. He does business as James Financial Group. His past registrations include Care James & Associates, Mutual Service Corporation, Titan/Value Equities Group, Everen Securities, and Bateman Eichler Hill Richards. His credentials include the passage of four securities industry qualifying exams: the General Securities Principal Examination, or Series 24; the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; and the Uniform Securities Agent State Law Examination, or Series 63. He is licensed in Arizona, California, Florida, Hawaii, Idaho, Massachusetts, Nevada, New Mexico, Ohio, Oregon, Texas, Utah, and Virginia. (Information current as of October 1, 2022.)
Carlson Law represents investors throughout the United States in claims against financial advisors and investment firms. If you or a loved one have suffered investment losses, please call us at 888-976-6111 or complete our contact form for a free and confidential consultation.