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James Mayes: Western International Advisor Faces $100K Bond Complaint

Woodland Hills, California financial advisor James Mayes (CRD# 2879995) is involved in an investor complaint alleging his conduct resulted in six-figure losses. Records provided by the Financial Industry Regulatory Authority indicate that he is currently registered as a broker and an investment advisor 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 corporate bonds and alternative investments. The pending complaint alleges damages of $100,000.

Investors should be aware that industry rules and standard forbid advisors like Mr. Mayes from  misrepresenting material facts relating to the investments they recommend to their customers. FINRA Rule 2020 specifically stipulates that no broker shall “effect any transaction in, or induce the purchase or sale of, any security by means of any manipulative, deceptive or other fraudulent device or contrivance.” A material fact, for reference, is a piece of information that would pose a significant consideration to investors considering a product or strategy, such as the product’s liquidity or whether it protects the investor’s principal. Brokers who misrepresent investments may be liable in the event of losses and/or subject to disciplinary action.

According to the Financial Industry Regulatory Authority, James Mayes holds 14 years of securities industry experience. Based in Woodland Hills, California, he has been a broker and an investment advisor with Western International Securities since 2017. His registration history includes 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; 1998-1998 and 1999-2000), 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, Colorado, Michigan, Ohio, Utah, and Virginia. (Information current as of May 3, 2023.)

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.

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