JAMES W. ANDERSON, Oklahoma Broker, Fined and Suspended for Supervisory Failures

The Soreide Law Group, (888) 760-6552, recently obtained the following information from FINRA's website under “Disciplinary and Other FINRA Actions, March 2016.”

JAMES W. ANDERSON (CRD #1060765, Anthem, Arizona) Alternate Names: JIM ANDERSON

was assessed a deferred fine of $15,000 and suspended by FINRA for 15 months for allegedly failing to appropriately supervise the sales practices of a registered representative who engaged in unsuitable trading in the brokerage and advisory accounts of his clients, by inappropriately concentrating his clients’ accounts in low-priced securities.

FINRA's findings stated that JAMES W. ANDERSON had supervisory and compliance responsibilities with respect to the registered representative and Anderson’s member firm’s branch office where the representative was located. Anderson was aware of red flags indicating that the representative was engaged in unsuitable trading with respect to low-priced securities.

According to FINRA, JAMES W. ANDERSON failed to follow up appropriately on information that he learned about the representative’s sale practices during a meeting with the representative’s direct supervisor. Anderson was instructed to conduct an audit of the representative’s branch office but Anderson did not review the advisory activity of representatives in this branch office, including the representative, and did not review trading in low-priced securities or suitability of transactions recommended or executed in the branch office.

Anderson drafted a heightened supervision plan and forwarded the plan to the firm’s compliance department, but allegedly, he did not take any further steps to ensure that it was implemented.

Anderson’s supervisory failure facilitated the representative’s ongoing sales practice violations, which continued over an 18-month period at the firm.

The suspension is in effect from February 1, 2016, through April 30, 2017.

(FINRA Case#2015045755001)

JAMES W. ANDERSON was registered in the securities industry for 29 years, and some of the firms he was registered with were:

08/2009 - 01/2014 WFG INVESTMENTS, INC. - OKLAHOMA CITY, OK

12/2003 - 07/2009 ADVISORS CLEARING NETWORK, INC. - PASADENA, CA

07/2003 - 12/2008 WFG INVESTMENTS, INC. - DALLAS, TX

10/2000 - 03/2003 BLUE MARBLE FINANCIAL, LLC - IRVING, TX

Soreide Law Group represents clients nationwide. If you've suffered investment losses due to your broker or financial advisor's recommendations, call Soreide Law Group for a free consultation with an attorney: 888-760-6552.

Recent Posts

September 14, 2026

Westpark Capital Sanctioned By FINRA For Failure To Supervise GWG L Bond Sales

Investors might have sustained financial harm through WestPark Capital Inc. [CRD: 39914, Los Angeles, California], according to publicly available information found on Financial Industry Regulatory Authority BrokerCheck. WestPark Capital has been registered with FINRA since 1996 and maintains its headquarters in Los Angeles, California. Keep reading to discover more about the regulatory action involving the […]

September 13, 2026

James Tighe Of Morgan Stanley Barred By FINRA After Investigation

Investors might have sustained losses due to securities broker James Fredrick Tighe [CRD: 3129233, Phoenix, Arizona], and Financial Industry Regulatory Authority barred him, based on public information on BrokerCheck. Tighe was associated with Morgan Stanley from June 1, 2009, through January 14, 2025. Continue reading to find out more about Tighe’s regulatory and client dispute […]

September 13, 2026

Sung Cho Of Citigroup Global Markets Barred By FINRA Following Investigation

Investors potentially experienced sales practice violations by securities broker Sung Moo Cho (also known as Sam Cho) [CRD: 5015906, New York, New York], and FINRA barred him, given the public information found on FINRA BrokerCheck. Cho was associated with Ameriprise Financial Services from January 22, 2021, to October 21, 2025, and Citigroup Global Markets from […]

Contact us Nationwide USA

2401 E. Atlantic Blvd., Suite 305, Pompano Beach, FL 33062

Phone: 1-888-760-6552
Fax: 1-954-760-6553
Email: info@securitieslawyer.com

Helping clients recover money across the USA