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

July 24, 2026

DCM US Multi-Family Homes PLC Investors: Did You Suffer Losses in DCM1, DCM3, or DCM4 Notes?

Soreide Law Group is investigating potential investor claims involving DCM US Multi-Family Homes PLC notes sold or recommended through Andbanc Brokerage LLC. They are also investigating sales or recommendations through Andbanc Advisory LLC. Additionally, they are reviewing sales or recommendations through BCI Securities, Inc., Boreal Capital Securities, LLC (also known as Mora Capital Securities), and […]

July 23, 2026

Inversionistas de DCM US Multi-Family Homes PLC: ¿Sufrió Pérdidas en los Bonos DCM1, DCM3 o DCM4?

Soreide Law Group está investigando posibles reclamaciones de inversionistas relacionadas con los bonos de DCM US Multi-Family Homes PLC vendidos o recomendados a través de Andbanc Brokerage LLC, Andbanc Advisory LLC, BCI Securities, Inc., Boreal Capital Securities, LLC (también conocida como Mora Capital Securities). Por otro lado, Mora WM Securities, LLC también estuvo involucrada. Si […]

July 20, 2026

Lost Money Investing in Creative Media & Community Trust (CMCT)?

Contact Soreide Law Group for a Free Review of Your Potential Investment Loss Claim If your financial advisor recommended Creative Media & Community Trust (NASDAQ: CMCT) and you suffered substantial losses, you may have legal rights. A CMCT investment loss attorney can help you understand your options and pursue recovery. Many investors purchased CMCT believing […]

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