Investors might have sustained losses due to securities broker James Daniel McDermott [CRD: 2483480, Oakbrook Terrace, Illinois], based on the disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Evidently, McDermott was registered with Raymond James Associates Inc. from October 16, 2015, to October 27, 2023, before moving to Osaic Wealth Inc. on October 26, 2023. Continue reading to uncover more about McDermott's disclosures.
Osaic Wealth Inc. investor accused McDermott of violations related to Illinois Securities Law. Specifically, on February 1, 2024, an Osaic Wealth Inc. client filed a written complaint about McDermott. Supposedly, McDermott violated Illinois securities law in purchases or sales of securities in their Raymond James accounts. The complaint is currently pending.
McDermott was discharged for borrowing money from clients. Evidently, Wells Fargo Advisors LLC disaffiliated with McDermott on December 19, 2011. Allegedly, McDermott violated an internal policy of Wells Fargo Advisors in that he borrowed money from two persons who were clients of the firm.
Experienced losses because of James McDermott? If so, reach out to Soreide Law Group or at (888) 760-6552 and speak with a securities lawyer about potentially recovering your investment losses. Soreide Law Group has reclaimed losses for investors across the United States, operates on a contingency fee basis, and fronts all costs. McDermott and the brokerage firms he worked for deny any accusations of sales practice violations.
Soreide Law Group is investigating potential investor claims involving Blue Owl Capital Corporation (NYSE: OBDC), including whether brokers and financial advisors properly explained the risks surrounding this publicly traded business development company and its related private credit platform. OBDC invests primarily in loans to middle-market companies and is often marketed as an income-generating investment. However, […]
Investors potentially experienced sales practice violations by securities broker Mark Perry Kissinger [CRD: 4546631, Frisco, Texas], given the disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Kissinger worked for NYLIFE Securities LLC since November 27, 2018, and Eagle Strategies LLC since March 15, 2023. Read on for a better understanding about the disclosures involving this […]
Investors have reportedly disputed the sales practices of securities broker Robert Steven Wilkinson [CRD: 1180321, Oakland, California], according to publicly available information found on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Wilkinson worked for Western International Securities Inc. from November 26, 2013, to June 5, 2025, and later registered with LPL Financial LLC beginning June 5, […]
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