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James Appel Allegedly Misrepresented an Investment

Aug 1, 2023 Misrepresentation

James Appel (CRD #: 6445389), a broker registered with Centaurus Financial, is facing allegations that he misrepresented an investment. This is according to his BrokerCheck record, accessed on July 27, 2023. 

On May 15, 2023, an investor alleged that James Appel misrepresented an investment and breached his fiduciary duty. Misrepresentation violates FINRA Rule 2020. The investor is seeking $150,000 in this pending dispute. 

FINRA Rule 2020

FINRA Rule 2020 prohibits the misrepresentation of investments or omission of material facts. Material facts include information about an investment’s potential returns, as well as charges, expenses, and fees.

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade. Misrepresentation also violates FINRA Rule 2010. 

Background Information 

James Appel has passed the following exams: 

  • Series 66 Uniform Combined State Law Examination 
  • SIE – Securities Industry Essentials Examination 
  • Series 7 General Securities Representative Examination 

James Appel is a registered broker and investment adviser in California, Colorado, and Michigan. 

He has only ever registered with Centaurus Financial. 

Kurta Law Can Help

If you worked with James Appel and you have concerns about your investments, please contact us today at 877-600-0098 or 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.