Switch to ADA Accessible Theme
Close Menu
Free Consultation: 888-976-6111

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.)

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.

Facebook Twitter LinkedIn
Contact Us For A Free Case Evaluation
Latest Blog Posts
  • Becky Henson, Ex-Intervest Advisor, Receives GWG L Bond Complaint

    Bradenton, Florida financial advisor Becky Henson (CRD# 4383083) recently received an investor complaint alleging misrepresentation and other forms of misconduct....

    Read More
  • Mitchell Riesenberger: Options Overlay Complaint Against UBS Advisor

    An options overlay complaint is the subject of a recent investor complaint against Mitchell Riesenberger (CRD# 2990475), an advisor at...

    Read More
  • Mark Elias: Houston Advisor Lands Option Overlay Complaints

    Several recent investor complaints allege that UBS Financial Services advisor Mark Elias (CRD# 2938707) misrepresented and recommended unsuitable investments. Financial...

    Read More
  • Don Harrell: Suitability Complaint Against Morgan Stanley Advisor

    Laguna Niguel financial advisor Don Harrell (CRD# 2222409) allegedly made unsuitable recommendations, according to a recent investor complaint against him....

    Read More
  • Previous
  • Next