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James McDermott Facing an Investor Dispute

James McDermott (CRD #: 2483480), a broker registered with Osaic Wealth, is the subject of an investor dispute. This disclosure appears on his BrokerCheck record, accessed on March 8, 2024. Keep reading if you have questions regarding this dispute. 

Customer Dispute

On February 16, 2024, clients alleged that James McDermott violated the Illinois Securities Law. 

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade. Violations of Blue Sky Laws violate FINRA Rule 2010. 

Background Information 

James McDermott 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 31 Futures Managed Funds Examination 
  • Series 7 General Securities Representative Examination

He is a registered broker in 27 states and is a registered investment adviser in Florida, Illinois, and Texas. 

During his 29 years of experience, James McDermott has registered with the following firms: 

  • Osaic Wealth (CRD #: 23131) 
  • Raymond James & Associates (CRD #: 705) 
  • Oppenheimer & Co. (CRD #: 249) 
  • Wells Fargo Advisors (CRD #: 19616) 
  • CitiGroup Global Markets (CRD #: 7059) 
  • Prudential Securities Incorporated (CRD #: 7471) 

Kurta Law Can Help 

If you have worked with James McDermott and have concerns about your investments, do not hesitate to contact us at 877-600-0098 or info@kurtalawfirm.com for a free consultation. 

For nearly 20 years, Kurta Law has advocated for investors 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. Do not let securities fraud go unchecked. Start your recovery process today.

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