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Did James Chandler Execute Unauthorized Transactions?

James Chandler (CRD #: 5948315), a broker and investment advisor registered with LPL Financial, is involved in an investor dispute, according to his BrokerCheck record, accessed on February 19, 2022.

According to the allegations filed on December 2, 2021, James Chandler sold his client’s Microsoft shares without her authorization. The firm denied the case. 

What is Discretion?

Discretion means a broker can make trades in a customer’s account without first consulting the customer. For non-discretionary accounts, a broker may only exercise discretionary power only if the customer has given the broker written authorization to do so and the broker’s firm has approved the account for discretionary trading. FINRA Rule 3260 requires that brokers only execute unauthorized trades in discretionary accounts. For non-discretionary accounts, investors must always seek their customer’s authorization. 

Making unauthorized trades in a customer’s account is a breach of the duty to observe high standards of commercial honor and just and equitable principles, in violation of FINRA Rule 2010.

Background Information

James Chandler has passed the following exams:

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

He is a registered broker in North Carolina and South Carolina. He is also a registered investment advisor in South Carolina.

Besides LPL Financial, James Chandler has also worked with the following firms:

  • Edward Jones (CRD#:250)
  • Merrill Lynch, Pierce, Fenner & Smith Incorporated (CRD#:7691)
  • AXA Advisors  (CRD#:6627)
  • BB&T Securities (CRD#:142785)
  • AXA Advisors (CRD#:6627)

Kurta Law Can Help

If you have worked with James Chandler and have concerns about your investments, don’t hesitate to contact us today at 877-600-0098 or for a free consultation.

For nearly 20 years, Kurta Law has advocated for investors 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.