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James Easter Allegedly Made Unsuitable Alternative Investment Recommendation

Nov 21, 2022 Unsuitable Investments

James Easter (CRD #: 74758), a broker registered with Independent Financial Group, allegedly recommended an unsuitable investment, according to his BrokerCheck record, accessed on November 6, 2022. Read on to learn more about his conduct as a broker.

Investor Dispute

On September 8, 2022, an investor alleged that James Easter recommended a high-risk, high-commission, illiquid alternative investment that was unsuitable for the client. The investor seeks $100,001 in damages in this pending dispute.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to take into account investors’ financial goals when recommending investments. Brokers must evaluate a client’s risk tolerance, tax status, and other information described in the investor’s profile.

Investors who rely on brokers for investment recommendations can pursue FINRA arbitration and potentially recover their losses.

FINRA Rule 2010

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

Background Information

James Easter has passed the following exams:

  • Series 65 – Uniform Investment Adviser Law Examination
  • Series 63 – Uniform Securities Agent State Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 7 – General Securities Representative Examination
  • Series 6 – Investment Company Products/Variable Contracts Representative Examination
  • Series 24 – General Securities Principal Examination

James Easter is a registered broker in Florida, Idaho, Nevada, and Utah. He is also a registered investment adviser in Utah.

He has also worked for the following firms:

  • NPB Financial Group (CRD#:137743)
  • Capital Analysts (CRD#:5478)
  • Investment Management Corporation (CRD#:37196)
  • First Western Advisors (CRD#:13623)
  • Intersecurities (CRD#:16164)

Kurta Law Can Help

If you worked with James Easter 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.