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Investors Allege Carey James Recommended Unsuitable Investment

Carey James (CRD #: 1420763), a broker registered with Centaurus Financial, allegedly made an unsuitable investment recommendation, according to his BrokerCheck record, accessed on October 8, 2022. If you have questions about his conduct as a broker, read on.

Investor Disputes

According to allegations filed on September 9, 2022, Carey James improperly recommended unsuitable investments. The investor is seeking $100,000; this dispute is pending. 

On July 27, 2022, investors filed a dispute alleging that Carey James recommended an unsuitable investment. They seek $66,000 in this pending dispute.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to evaluate whether an investment fits their investor’s financial goals. Brokers must examine an investor’s profile, which describes their tax status, risk tolerance, and other characteristics.

Investors who rely on their brokers for recommendations may be able to recoup their losses by pursuing FINRA arbitration.

Background Information

Carey James has passed the following exams:

  • Series 63 – Uniform Securities Agent State Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 7 – General Securities Representative Examination
  • Series 24 – General Securities Principal Examination

He is a registered broker in 13 states and a registered investment adviser in California, Ohio, and Oregon.

He has also worked for the following firms:

  • Carey James & Associates (CRD#:125210)
  • Mutual Service Corporation (CRD#:4806)
  • Titan/Value Equities Group (CRD#:6359)
  • Everen Securities (CRD#:19616)
  • Bateman Eichler, Hill Richards (CRD#:76)

Kurta Law Can Help

If you worked with Carey James and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm and exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf. 

 

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