FINRA Fines Nigel James

The Financial Industry Regulatory Authority (FINRA) reports important information about securities broker Nigel James (CRD: 4490687, Garden City, New York). Not only has FINRA sanctioned James for engaging in excessive and unsuitable trading, but investors disputed his sales practices. However, James denies the allegations. Read on to learn more about the allegations against James.

James Sanctioned By FINRA For Excessive Trading

Supposedly, on October 26, 2022, FINRA issued Acceptance, Waiver, and Consent No. 2019063821608 sanctioning Nigel James for infractions. Specifically, James was fined $5,000 and suspended for 6 months as a securities broker. Notably, FINRA alleged that James engaged in excessive and unsuitable trading.

Nigel James Discloses Unauthorized Trading Allegations By Joseph Stone Capital LLC Client

Also, a client of Joseph Stone Capital LLC contested Nigel James’ sales practices, according to a complaint dated March 18, 2022. Allegedly, James engaged in unauthorized trading. Supposedly, James caused the client to sustain damages on over-the-counter equities. Therefore, the client requested compensation from Joseph Stone Capital LLC or James in the amount of $55,000. This matter is ongoing.

JP Turner Company LLC Investor Accuses James Of Misconduct

Specifically, a JP Turner Company LLC client filed FINRA Arbitration: 14-00898 about Nigel James. Namely, the client alleged that James acted unethically, made unsuitable recommendations, made misrepresentations, churned accounts, was negligent, breached a contract, and breached a fiduciary duty. Because of this, the client allegedly sustained damages on over-the-counter equities. Therefore, on April 29, 2015, JP Turner Company LLC settled this matter by paying the client $88,800 in damages.

Nigel James Discloses Churning Allegations By JP Turner Company LLC Client

Also, a client of JP Turner Company LLC contested Nigel James’ sales practices, according to a complaint dated January 29, 2013. Allegedly, James churned accounts, was negligent, breached a contract, engaged in unauthorized trading, failed to follow instructions, inappropriately used margin, gave unsuitable advice and misrepresentations. Supposedly, James caused the client to sustain damages. Therefore, the client requested compensation from JP Turner Company LLC or James in the amount of $395,000.

JP Turner Company LLC Investor Accuses James Of Misrepresentation

Supposedly, on December 23, 2008, a JP Turner Company LLC client filed a complaint about Nigel James. Namely, the client alleged that James made misrepresentations and engaged in unauthorized trading. Because of this, the client allegedly sustained damages. Therefore, the client requested $10,000 in compensation from JP Turner Company LLC or James. However, the securities firm denied this complaint.

James Employment Information

• James has worked for Joseph Stone Capital LLC in Garden City, New York, as a securities broker since February 26, 2013.
• James has worked for VCS Venture Securities in Garden City, New York, as a securities broker since September 10, 2021.

Did Joseph Stone Capital LLC Securities Broker Nigel James Cause You To Experience Damages?

Suffer damages through Nigel James? If so, reach out to Soreide Law Group at (888) 760-6552 and speak with a securities lawyer about a possible recovery of your losses. Soreide Law Group, who has effectively recovered money for hundreds of investors across the United States, represents clients on a contingency fee basis and advances all costs. James and brokerage firms James worked for deny any and all allegations of misconduct.