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James Bernthal Allegedly Executed Unauthorized Trades

Securities Lawyer Jonathan Kurta
By: Jonathan Kurta Author
June 11, 2023 at 10:12pm

James Bernthal (CRD #: 4871243), a broker registered with Aegis Capital Corporation, allegedly executed unauthorized trades, according to his BrokerCheck record, accessed on May 31, 2023. If you have questions about his alleged conduct as a broker, keep reading.

Investor Dispute

On March 17, 2023, an investor filed a dispute alleging that James Bernthal executed unauthorized trades and misrepresented and omitted material facts from June 15, 2022, to the date of filing.

The client seeks $771,631 in damages in this pending dispute.

FINRA Rule 3260

Unauthorized trading violates FINRA Rule 3260, which limits brokers to exercising their trading discretion in pre-approved discretionary accounts.

FINRA Rule 2020

FINRA Rule 2020 prohibits the use of deceptive, manipulative, and otherwise fraudulent means of influencing the purchase and sale of securities. This includes the misrepresentation or omission of information, such as an investment’s requirements, limitations, or other features.

Background Information

James Bernthal has passed the following exams:

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

James Bernthal is a registered broker in 22 states and a registered investment adviser in Puerto Rico.

He has also worked for the following firms:

  • Dawson James Securities (CRD#:130645)
  • Network 1 Financial Securities (CRD#:13577)
  • Obsidian Financial Group (CRD#:104255)
  • QA3 Financial Corporation (CRD#:14754)
  • A&F Financial Securities (CRD#:44791)
  • First Midwest Securities (CRD#:21786)
  • GunnAllen Financial (CRD#:17609)

Kurta Law Can Help

If you worked with James Bernthal 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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