George James: Suitability Complaint Against Southwest Wealth Strategies Rep
Equitable Advisors representative George James (CRD# 2668465) recently received an investor complaint alleging losses following an unsuitable recommendation. Financial Industry Regulatory Authority records show that Mr. James is affiliated as a broker and investment advisor with the firm’s offices in Scottsdale, Arizona, and does business as Southwest Wealth Strategies.
Filed in March 2022, the investor complaint listed on Mr. James’ BrokerCheck report alleges that he recommended an unsuitable investment in an unspecified structured product. The complaint, which remains pending, alleges unspecified damages.
For reference, the term suitability refers to an investor’s unique investment profile and needs. FINRA Rule 2111 requires that investments align with FINRA-mandated suitability requirements before a broker or adviser recommends it to their client. Suitability requirements, to be clear, are not fiduciary requirements, which require investment advisers to place their customer’s interests over their own interests.
According to the Financial Industry Regulatory Authority, George James holds 26 years of securities industry experience. He has been affiliated with Equitable Advisors in Scottsdale, Arizona since 1995 and does business as Southwest Wealth Strategies. His credentials include the passage of six securities industry qualifying examinations: the Uniform Investment Adviser Law Examination, or Series 65; the Uniform Securities Agent State Law Examination, or Series 63; the Securities Industry Essentials Examination, or SIE; the General Securities Representative Examination, or Series 7; the Investment Company Products/Variable Contracts Representative Examination, or Series 6; and the General Securities Principal Examination, or Series 24. He presently holds 33 state securities licenses, including in: Arizona, California, Colorado, Florida, New Mexico, North Carolina, Ohio, Oregon, Texas, and Wisconsin. (Information current as of May 12, 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.