Investors apparently complained about securities broker James M. Jones (also known as Jim Jones) [CRD: 5064653, Jasper, Indiana], based on publicly available information on Financial Industry Regulatory Authority (FINRA) BrokerCheck. It appears that Jones worked for Center Street Securities Inc. from May 4, 2011, to December 1, 2023. Read on for details about Jones’s disclosures.
Center Street Securities Investor Accused Jim Jones Of Unsuitable Recommendations
Specifically, on August 22, 2023, a Center Street Securities Inc. client filed FINRA Arbitration No. 23-02293 about James Jones. Mainly, the client alleged that Jones made unsuitable recommendations. For this reason, the client allegedly incurred damages relating to alternative investments. Consequently, the client requested $100,000 in compensation from Center Street Securities Inc. or Jones. It appears that this arbitration is awaiting a resolution.
James Jones Disclosed Unsuitable Advice Allegations By Center Street Securities Client
Also, a client of Center Street Securities Inc. contested James Jones’s sales practices, according to a complaint dated April 7, 2022. Allegedly, Jones made unsuitable recommendations. It appears that Jones allegedly caused the investor to sustain damages associated with illiquid investments. As a result, the client sought compensation from Center Street Securities Inc. or Jones in the amount of $306,305.44 in this matter.
Center Street Securities Inc. Investor Accused Jim Jones Of Making Illiquid, High-Risk Investment Recommendations
Evidently, a Center Street Securities Inc. client filed FINRA Arbitration No. 22-00118 about James Jones. Primarily, the client alleged that Jones made unsuitable recommendations of illiquid and high-risk products. Because of this, the client allegedly experienced damages connected to alternative investments. Therefore, on January 25, 2023, Center Street Securities Inc. settled this matter by paying the client $130,000 in damages.
Were You Impacted By Financial Advisor / Securities Broker James Jones?
Are you concerned regarding investments you made with James Jones? You can get in touch with Soreide Law Group at (888) 760-6552 or online and consult with a securities lawyer concerning a possible recovery of your investment losses. Soreide Law Group has recovered losses for investors throughout the United States. Also, the firm works on a contingency fee arrangement and advances all costs. Jones and brokerage firms Jones worked for deny allegations of sales practice violations.
