James Nash Resigns From his Position at Correll Co. Investment Services
James Nash (CRD #: 1579209), a broker registered with Avantax Investment Services, was recently permitted to resign from his position at Correll Co. Investment Services, according to his BrokerCheck record, accessed on December 27, 2021. Details surrounding his resignation have been provided below.
On November 1, 2021, James Nash was permitted to resign from his position at Correll Co. Investment Services following allegations that he violated firm policy regarding discretionary accounts and unauthorized trading.
What is Discretion?
Brokers exercise discretion when they make trades in a customer’s account without first consulting the customer. Discretionary accounts allow brokers to execute securities transactions without any input from the customer.
In non-discretionary accounts, a broker must have written authorization before executing a trade. FINRA Rule 3260 states that investors must give their written consent for a discretionary account and the firm must accept the account for discretionary trading as well.
Making unauthorized trades in or facilitating unauthorized withdrawals from a customer’s account is a breach of the duty to observe high standards of commercial honor and just and equitable principles, in violation of FINRA Rule 2010.
James Nash has passed the following exams:
- Series 63 – Uniform Securities Agent State Law Examination
- SIE – Securities Industry Essentials Examination
- Series 6 – Investment Company Products/Variable Contracts Representative Examination
- He is a registered broker in five states.
James Nash has also worked with the following firms:
- Allstate Financial Services (CRD#:18272)
- Proequities (CRD#:15708)
- FSC Securities Corporation (CRD#:7461)
- All American Management Corporation (CRD#:21)
- Waddell & Reed (CRD#:866)
- Mariner Financial Services (CRD#:8292)
- Leadertech Securities (CRD#:13052)
Kurta Law Can Help
If you lost money while working with James Nash, don’t hesitate to contact us today at 877-600-0098 or email@example.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.