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Nigel James: FINRA Investigated Former Joseph Stone Advisor
Mineola, New York broker Nigel James (CRD# 4490687) has received a pending investor complaint alleging unauthorized conduct. Financial Industry Regulatory Authority records show that the VCS Venture Securities representative has been investigated by FINRA, which recommended disciplinary action against him.
Mr. James’ BrokerCheck report discloses several investor complaints. The most recent, filed in March 2022, alleges that as a representative of Joseph Stone Capital, he made an unauthorized purchase in a customer account. The pending complaint alleges damages of $55,000.
An earlier complaint, filed in 2014, alleged unsuitability, fraud, misrepresentation, churning, negligence, breach of contract, and breach of fiduciary duty. In 2015 the complaint reached a settlement of $88,000.
A third complaint, filed in 2008, alleged he executed an unauthorized trade while a representative of J.P. Turner & Company. The complaint reached a settlement of $4,999.99.
In June 2021 FINRA made a preliminary determination to recommend disciplinary action against Mr. James. According to a disclosure on his BrokerCheck report, the action would allege he violated FINRA rules by excessively trading in customer accounts, exercising quantitative unsuitability, making unauthorized trades, and using margin without authorization. FINRA’s recommendation has not yet evolved into any disciplinary action reflected on his BrokerCheck report.
According to the Financial Industry Regulatory Authority, Nigel James holds 20 years of securities industry experience. Based in Mineola, New York, he has been a broker with VCS Venture Securities since 2013. His past registrations include First Midwest Securities (Garden City, New York; 2008-2013), J.P. Turner & Company (Westbury, New York; 2005-2008), Brundyn Securities (Arlington, Texas; 2004-2005), LH Ross & Company (Boca Raton, Florida; 2004), and Harrison Securities (Port Washington, New York; 2002-2004). His credentials include the passage of three securities industry qualifying exams: the General Securities Representative Examination, or Series 7; the Uniform Securities Agent State Law Examination, or Series 63; and the Securities Industry Essentials Examination, or SIE. He holds 33 state licenses. (Information current as of June 14, 2022.)
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