James Erickson Allegedly Failed to Follow Client’s Instructions

James Erickson (CRD #: 1915851), a broker registered with Morgan Stanley, allegedly failed to follow an investor’s instructions, according to his BrokerCheck record, accessed on May 11, 2023. If you want to know more about his alleged conduct as a broker, keep reading.

Investor Dispute

On April 11, 2023, an investor alleged that James Erickson failed to follow instructions to invest the client in “safe” short-term investments in 2021 and 2022. This dispute is currently pending.

FINRA Rule 2010

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

FINRA Rule 2111

FINRA Rule 2111 requires brokers to evaluate whether an investment fits their investor’s financial goals. Brokers must examine the investor’s profile, which contains the following investor characteristics:

• Age
• Financial goals
• Risk tolerance
• Time horizon (i.e., how long the investor plans to hold the investment)
• Investing experience
• Tax status

Investors who rely on their broker for recommendations may be able to recoup their losses through FINRA arbitration.

Background Information

James Erickson 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 3 – National Commodity Futures Examination
• Series 7 – General Securities Representative Examination

James Erickson is a registered broker in 40 states and a registered investment adviser in California and Texas.

He has also worked for Citigroup Global Markets (CRD#:7059) and Lehman Brothers (CRD#:7506).

Kurta Law Can Help

If you worked with James Erickson 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.