James Gingles Fired by Oak Tree Securities
James Gingles (CRD #: 1332507), a previously registered broker with Oak Tree Securities, has been fired. This is according to his BrokerCheck record, accessed on March 9, 2022. Details of his termination are provided below.
On January 26, 2022, Oak Tree Securities fired James Gingles following allegations that he borrowed money from at least two clients.
A broker may only borrow from one of their firm’s customers if that member firm has written procedures permitting borrowing from customers. If there are written guidelines, the broker must follow all of those internal requirements together with the stipulations stated in FINRA Rule 3240, which governs borrowing and lending arrangements between registered members and their member firms’ customers.
Violations of FINRA Rule 3240 also constitute a violation of FINRA Rule 2010, which requires associated persons to observe high standards of commercial honor and just and equitable principles of trade.
There is also a bankruptcy on James Gingles’ record from 2014.
James Gingles has passed the following exams:
- Series 63 Uniform Securities Agent State Law Examination
- SIE – Securities Industry Essentials Examination
- Series 7 General Securities Representative Examination
- Series 24 General Securities Principal Examination
- Series 53 Municipal Securities Principal Examination
James Gingles has worked with the following firms:
- Oak Tree Securities (CRD #: 18126)
- Silber Bennett Financial (CRD #: 156435)
- Wedbush Securities (CRD #: 877)
- MCL Financial Group (CRD #: 41180)
- Okoboji Financial Services (CRD #: 33727)
- CapWest Securities (CRD #: 30002)
- VSR Financial Services (CRD #: 14503)
- Hornor, Townsend & Kent (CRD #: 4031)
- Hamilton Fairchild Securities Corporation (CRD #: 35670)
- Thomas F. White & Co. Incorporated (CRD #: 7661)
- Swink & Company (CRD #: 7111)
Kurta Law Can Help
If you have worked with James Gingles and have concerns about your investments, don’t hesitate to contact us today at 877-600-0098 or firstname.lastname@example.org for a free consultation.
For nearly 20 years, Kurta Law has advocated on behalf of investors who have lost money following broker fraud or misconduct. Kurta Law is a nationally recognized law firm and exclusively represents investors on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf. Our attorneys will work tirelessly to restore your lost funds and get your financial future back on track.