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Investor Alleges James Peterson Misappropriated Funds

James Peterson (CRD #: 1804629), a broker registered with Raymond James Financial Services, allegedly misappropriated an investor’s funds, according to his BrokerCheck record, accessed on March 11, 2025. Investors may have also engaged his services through Raymond James Financial Services Advisors. Keep reading to learn more about his alleged conduct as a broker.

Investor Dispute

On December 27, 2024, an investor alleged that James Peterson accepted forged documents to establish accounts and misappropriated funds between April 26, 2010 and December 24, 2024. This dispute was denied by the firm.

However, investors should be aware that firms can deny disputes without an external review. Investors can still recover damages following a denial by pursuing FINRA arbitration.

FINRA Rule 2150

FINRA Rule 2150 prohibits the improper use of investors’ funds.

FINRA Rule 2010

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

Background Information

James Peterson has passed the following exams:

  • Securities Industry Essentials Examination – SIE
  • General Securities Representative Examination – Series 7
  • Investment Company Products/Variable Contracts Representative Examination – Series 6
  • Uniform Securities Agent State Law Examination – Series 63

James Peterson is a registered broker in 15 states and a registered investment adviser in Minnesota and Texas.

He has also worked for the following firms:

  • Invest Financial Corporation (CRD#:12984)
  • Pruco Securities (CRD#:5685)
  • The Prudential Insurance Company of  America (CRD#:680)
  • First Investors Corporation (CRD#:305)

Kurta Law Can Help

If you worked with James Peterson 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 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. 

 

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