FINRA Sanctions Jim Kent

Soreide Law Group is investigating possible investor claims against securities broker Jim Kent (also known as James Daniel Kent Jr.) [CRD: 2255753, Pinellas Park, FL]. Mainly, FINRA sanctioned the securities broker, who worked for Emerson Equity LLC. Allegedly, Kent failed to make regulatory disclosures. Also, investors filed disputes about the securities broker. Here is a brief summary of these disclosures.

FINRA Sanctions Kent For Failure To Disclose Information

Evidently, on July 19, 2022, FINRA issued Case: 2021071506202 sanctioning Jim Kent for infractions. Specifically, Jim Kent was issued an 8-month suspension as a securities broker, meaning FINRA disallowed him from maintaining an association with FINRA-member firms. Also, the financial regulator issued him a fine in the amount of $5,000. Notably, FINRA alleged that Jim Kent failed to disclose a felony charge.

Jim Kent Disclosed Misrepresentation Allegations By Emerson Equity LLC Client

Also, a client of Emerson Equity LLC contested Jim Kent’s sales practices by filing FINRA Arbitration: 22-01444 on June 24, 2022. Allegedly, Kent made unsuitable recommendations, made misrepresentations to the client, made omissions of material fact, and violated FINRA rules. It is alleged that Kent caused the client to sustain damages on corporate bonds. Therefore, the client asked for compensatory relief from Emerson Equity LLC or Kent in the amount of $190,000 in this dispute, which the firm and broker denied.

Emerson Equity LLC Investor Accused Kent Of Violation Of Federal Securities Law

Additionally, on April 22, 2022, an Emerson Equity LLC client filed FINRA Arbitration: 22-00882 about Jim Kent. Namely, the client alleged that Kent violated federal securities laws, breached a contract, acted unethically, breached a fiduciary duty, and was negligent. Because of this, the client allegedly sustained damages on corporate bonds. Therefore, the client requested $600,000 in compensation from Emerson Equity LLC or Kent.

Jim Kent Discharged For Failing To Disclose Felony Charge

Also, Emerson Equity LLC disaffiliated with Jim Kent on May 12, 2021. Allegedly, Kent failed to disclose a felony charge.

Brecek Young Advisors Inc. Investor Accused Jim Kent Of Misrepresentation

Moreover, on June 3, 2010, a Brecek Young Advisors Inc. client filed a complaint about Jim Kent. Namely, the client alleged that Kent made unsuitable recommendations and made misrepresentations to the client. Because of this, the client allegedly sustained damages on variable annuities. Therefore, the client requested compensation from Brecek Young Advisors Inc. or Jim Kent However, the broker denied this complaint.

Kent Disclosed Unsuitable Recommendations Allegations By PaineWebber Incorporated Client

Also, a client of PaineWebber Incorporated contested Jim Kent’s sales practices, according to a complaint. Allegedly, Kent made unsuitable investment recommendations. Supposedly, Kent caused the client to sustain damages. Therefore, PaineWebber Incorporated opted to settle the matter by compensating the client in the amount of $14,990.

PaineWebber Incorporated Investor Accused Jim Kent Of Churning

Evidently, a PaineWebber Incorporated client filed a complaint about Jim Kent. Namely, the client alleged that Kent churned accounts, engaged in unauthorized trading, and overconcentrated accounts in certain investments. Because of this, the client allegedly sustained damages. Therefore, PaineWebber Incorporated settled this matter by paying the client $30,000 in damages. However, the firm and Kent admit no liability in this settlement.

Kent Employment Information

• Kent worked for Emerson Equity LLC in San Mateo, CA, as a financial advisor from April of 2021 to May of 2021.
• Kent worked for Emerson Equity LLC in Pinellas Park, FL, as a securities broker from September of 2016 to March of 2021.

Did Emerson Equity LLC Securities Broker Jim Kent Cause You To Experience Damages?

Did you incur damages through investing with Kent? Reach out to Soreide Law Group at (888) 760-6552 and speak with a securities attorney concerning a potential recovery of your investment losses. Soreide Law Group, who has successfully recovered funds for hundreds of investors in all 50 states, represents clients on a contingency fee basis and advances all costs. The firm will take the time to fully understand your situation and will carefully explain your legal options. Kent and brokerage firms Kent worked for deny any and all allegations of sales practice violations.