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James Cox Subject of Annuity Dispute

James Cox (CRD #: 2957150), a broker registered with LPL Financial, is the subject of an investor dispute. This dispute appears on his BrokerCheck record, accessed on September 20, 2023. Details concerning the allegations are provided below. 

According to allegations filed on July 21, 2023, James Cox provided clients with misinformation that caused them to overspend. The investors further alleged they did not understand their annuities. 

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. Brokers must always disclose the risks associated with illiquid investments, such as early withdrawal fees. 

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade. Providing misinformation may also violate this rule. 

Background Information 

James Cox 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 22 states and is a registered investment adviser in California, Illinois, and Texas. 

James Cox has registered with the following firms: 

  • LPL Financial (CRD #: 6413) 
  • Newedge Advisors (CRD #: 171351) 
  • Wells Fargo Clearing Services (CRD #: 19616) 
  • UBS Financial Services (CRD #: 8174) 
  • Wells Fargo Advisors (CRD #: 19616) 
  • Fifth Third Securities (CRD #: 628) 

Kurta Law Can Help

If you worked with James Cox and 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 that 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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