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James Jones Allegedly Recommended Unsuitable Investments

May 2, 2022 Unsuitable Investments

James Jones (CRD #: 5064653), a broker registered with Center Street Securities, allegedly made unsuitable investment recommendations, according to his BrokerCheck record, accessed on April 21, 2022. Read on if you have questions about James Jones’s conduct as a broker.

Investor Dispute

In a dispute filed on April 7, 2022, an investor alleged that James Jones recommended unsuitable and illiquid investments. The investor seeks $306,305.44.  in damages in this pending dispute.

There is a similar dispute from January 18, 2022. An investor is seeking $400,000 in a dispute that alleges unsuitable recommendations. 

FINRA Rule 2111

Brokers must follow FINRA Rule 2111 when recommending investments. Recommendations must take into account the information in investors’ profiles, such as clients’ tax status, risk tolerance, and other investments.

Investors may be able to recover losses caused by unsuitable investment recommendations by pursuing FINRA arbitration.

Background Information

James Jones has passed the following exams:

  • Series 63 - Uniform Securities Agent State Law Examination
  • Series 65 - Uniform Investment Adviser Law Examination
  • SIE - Securities Industry Essentials Examination
  • Series 7 - General Securities Representative Examination

James Jones is a registered broker in six states and a registered investment adviser in Indiana.

He has also worked for the following firms:

  • Brookstone Financial (CRD#:168185)
  • Center Street Advisors (CRD#:169329)
  • Brookstone Capital Management (CRD#:141413)
  • Kalos Management (CRD#:133025)

Kurta Law Can Help

If you worked with James Jones 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.