JAMES LUNSFORD Cause You Investment Losses?

ATTENTION INVESTORS: Losses From JAMES LUNSFORD?

James Lunsford (CRD#: 2222307, Sonoma, California) is a prior Mid Atlantic Capital Corporation securities broker. Notably, Lunsford, who worked for Mid Atlantic Capital Corporation from May 3, 2004 to December 4, 2015, discloses six client disputes on FINRA James Lunsford (CRD#: 2222307, Sonoma, California) is a prior Mid Atlantic Capital Corporation securities broker. Notably, Lunsford, who worked for Mid Atlantic Capital Corporation from May 3, 2004 to December 4, 2015, discloses six client disputes. Here is a summary of the clients’ allegations of Lunsford’s sales practice violations and fraudulent investment activities: June 11, 2018 Arbitration Concerning James Lunsford’s Fraudulent And Misrepresented Direct Investments A client of Mid Atlantic Capital Corporation disputed James Lunsford’s sales practices in filing FINRA Arbitration #18-0281. First, the Statement of Claim alleges that Lunsford breached a fiduciary duty to the client. Secondly, Lunsford allegedly engaged in a scheme to defraud the client. Thirdly, the client claimed that Mid Atlantic Capital Corporation misrepresented and omitted important information about Direct Participation Program (“DPP”) and Limited Partnership (“LP”) interests sold to the client. Finally, the Statement of Claim alleged that the firm and Lunsford failed to live up to an investment agreement, breaching a contract. Because of this, the client alleged $100,000 in damages. Currently, this matter is pending a resolution. February 13, 2018 Arbitration Involving Lunsford Alleged Breach Of Fiduciary Duty Mid Atlantic Capital Corporation reported that a second client filed FINRA Arbitration #18-00513 on February 7, 2018. Apparently, the client claimed that James Lunsford sold the client two fraudulent investments in a DPP for a combined $403,000. Secondly, the client alleged that Mid Atlantic Capital Corporation or Lunsford failed to act in the client’s best interest. Indeed, the client claimed that the firm and Lunsford were actually negligent, and the firm failed to supervise Lunsford’s investment transactions. Eventually, on January 22, 2019, the firm settled the client’s allegations including fraud, breach of fiduciary duty, negligence. Notably, this required the firm paying the client $200,000 in damages. March 6, 2017 Arbitration Resulting In Customer Award Against Mid Atlantic Capital Corporation Also, a Mid Atlantic Capital Corporation client filed FINRA Arbitration #17-00606 regarding an investment in JADDA Secured Senior Mortgage Fund, a direct participation program. Supposedly, James Lunsford sold this client the DPP. A FINRA Arbitration Panel ordered Mid Atlantic Capital Corporation to pay $177,550 in compensatory damages to a client. Notably, the Panel found that the firm breached an investment agreement, and violated its fiduciary responsibility to the client. Not only that, but the Panel found Mid Atlantic Capital Corporation responsible for failing to supervise Lunsford’s activities. Have you experienced losses by investing with stockbroker James Lunsford, also known as James Bernis Lunsford and as Jim Lunsford? If so, contact Soreide Law Group at (888) 760-6552 and speak with experienced counsel about a possible recovery of your investment losses. Soreide Law Group represents clients on a contingency fee basis and advances all costs. The firm has recovered millions of dollars for investors who have suffered losses due to misconduct of brokers and brokerage firms."BrokerCheck. Here is a summary of the clients’ allegations of Lunsford’s sales practice violations and fraudulent investment activities:

June 11, 2018 Arbitration Concerning James Lunsford’s Fraudulent And Misrepresented Direct Investments

A client of Mid Atlantic Capital Corporation disputed James Lunsford’s sales practices in filing FINRA Arbitration #18-0281. First, the Statement of Claim alleges that Lunsford breached a fiduciary duty to the client. Secondly, Lunsford allegedly engaged in a scheme to defraud the client. Thirdly, the client claimed that Mid Atlantic Capital Corporation misrepresented and omitted important information about Direct Participation Program (“DPP”) and Limited Partnership (“LP”) interests sold to the client. Finally, the Statement of Claim alleged that the firm and Lunsford failed to live up to an investment agreement, breaching a contract. Because of this, the client alleged $100,000 in damages. Currently, this matter is pending a resolution.

February 13, 2018 Arbitration Involving Lunsford Alleged Breach Of Fiduciary Duty

Mid Atlantic Capital Corporation reported that a second client filed FINRA Arbitration #18-00513 on February 7, 2018. Apparently, the client claimed that James Lunsford sold the client two fraudulent investments in a DPP for a combined $403,000. Secondly, the client alleged that Mid Atlantic Capital Corporation or Lunsford failed to act in the client’s best interest. Indeed, the client claimed that the firm and Lunsford were actually negligent, and the firm failed to supervise Lunsford’s investment transactions. Eventually, on January 22, 2019, the firm settled the client’s allegations including fraud, breach of fiduciary duty, negligence. Notably, this required the firm paying the client $200,000 in damages.

March 6, 2017 Arbitration Resulting In Customer Award Against Mid Atlantic Capital Corporation

Also, a Mid Atlantic Capital Corporation client filed FINRA Arbitration #17-00606 regarding an investment in JADDA Secured Senior Mortgage Fund, a direct participation program. Supposedly, James Lunsford sold this client the DPP. A FINRA Arbitration Panel ordered Mid Atlantic Capital Corporation to pay $177,550 in compensatory damages to a client. Notably, the Panel found that the firm breached an investment agreement, and violated its fiduciary responsibility to the client. Not only that, but the Panel found Mid Atlantic Capital Corporation responsible for failing to supervise Lunsford’s activities.

Have you experienced losses by investing with stockbroker James Lunsford, also known as James Bernis Lunsford and as Jim Lunsford? If so, contact Soreide Law Group at (888) 760-6552 and speak with experienced counsel about a possible recovery of your investment losses. Soreide Law Group represents clients on a contingency fee basis and advances all costs. The firm has recovered millions of dollars for investors who have suffered losses due to misconduct of brokers and brokerage firms.