James Darlington Involved In UBS Client Arbitration Over Unsuitable Advice

Investors potentially experienced sales practice violations because of securities broker James Kellett Darlington II (also known as James Kellett Darlington, Jim Darlington II, Jimm Darlington II, Jimmy Darlington II) [CRD: 2004439, Knoxville, Tennessee], based on disclosures through FINRA’s BrokerCheck. Evidently, Darlington worked for UBS Financial Services Inc. from January 4, 2008, to September 21, 2021. Keep reading to find out more about the disclosures involving this broker and the investment products at issue.

UBS Financial Services Inc. Investor Accused Darlington Of Unsuitable Recommendations

Particularly, on August 27, 2024, a UBS Financial Services Inc. client filed FINRA Arbitration No. 24-01773 about James Darlington. The client alleged that Darlington and/or UBS failed to perform due diligence on a fund of funds, which was allegedly unsuitable. As a result, the client claimed that all material risks were not properly disclosed. Because of this, the client allegedly sustained damages on alternative investments. Therefore, the client requested $50,000.00 in compensation from UBS Financial Services Inc. or Darlington. Evidently, this arbitration is pending a resolution.

James Darlington Disclosed Misrepresentation Allegations By Morgan Keegan Client

Specifically, a client of Morgan Keegan Company Inc. contested James Darlington’s sales practices, according to a complaint dated February 4, 2008. Allegedly, Darlington made unsuitable recommendations involving mutual funds and misrepresented commission costs tied to a fee-based account. It appears that Darlington allegedly caused the client to sustain damages on real estate investment trusts (REITs). Therefore, the client sought damages from Morgan Keegan Company Inc. or Darlington in the amount of more than $5,000 in this matter. This complaint was closed with no action as of November 26, 2008.

What Does Failure To Conduct Due Diligence On Alternative Investments Mean?

When securities brokers fail to conduct proper due diligence before recommending alternative investments, they might not adequately investigate the product's risks, structure, or suitability. This can leave investors exposed to unexpected losses, especially with complex, high-risk products.

Looking For More Information About Financial Advisor / Securities Broker James Darlington?

Did you experience losses because of James Darlington? Feel free to get in touch with Soreide Law Group online or at (888) 760-6552 to speak with a securities lawyer about a possible recovery of your investment losses. Soreide Law Group has helped recovered losses for investors throughout the United States, takes cases on a contingency fee basis, and advances all costs. Darlington and any securities broker dealers / investment advisories Darlington worked for deny accusations of sales practice violations.