Forrest James: $444K Complaint Against Irvine Advisor

Irvine, California financial advisor Forrest James (CRD# 1263114) recently received an investor complaint alleging that his conduct resulted in six-figure losses. Financial Industry Regulatory Authority records show that he is currently registered as a broker and an investment advisor with Emerson Equity. He is also a representative of Irvine Advisors.

Mr. James’ BrokerCheck report discloses one investor complaint. Filed in January 2024, it alleges that as a representative of Emerson Equity, he misrepresented and recommended an unsuitable investment in a Delaware statutory trust. The pending complaint alleges damages of $444,000.

Irvine Advisors’ website includes a profile of Mr. James that describes him as a principal at the firm. “Prior to establishing Irvine Advisors, Forrest was the Director of Research at MA Wealth Management, where he developed asset allocation models and provided financial advice on traditional asset classes such as equity and fixed income, as well as alternative investments including real estate,” it states. “While at Prudential Securities, Forrest served as an Account Executive for high net-worth clients. His specialties included CMOs, options, commodities, and fixed income investments.”

According to the Financial Industry Regulatory Authority, Forrest James holds 36 years of securities industry experience. Based in Irvine, California, he has been a broker and an investment advisor with Emerson Equity since 2013. His registration history includes Mapleton Capital Management (Aliso Viejo, California; 2001-2013), Ocean Park Capital Management (Aliso Viejo, California; 2001-2013), ARI Financial Services (Overland Park, Kansas; 2013), Mapleton Capital Management (Los Angeles, California; 2001-2005), The Investment Center (Bedminster, New Jersey; 1995-1999, 2001-2004), and Prudential Securities (New York, New York; 1985-1995). His credentials include the passage of seven securities industry qualifying exams: the General Securities Principal Examination, or Series 24; the National Commodity Futures Examination, or Series 3; the Direct Participation Programs Representative Examination, or Series 22; the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; the Uniform Investment Adviser Law Examination, or Series 65; and the Uniform Securities Agent State Law Examination, or Series 63. He holds 26 state licenses. (Information current as of March 3, 2024.)

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