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James Shawver Allegedly Committed Fraud and Negligence

Aug 10, 2022 Unsuitable Investments

James Shawver (CRD #: 2571148), a broker registered with Peak Brokerage Services, allegedly engaged in negligent conduct, according to his BrokerCheck record, accessed on July 24, 2022. Investors may also have worked with James Shawver through Blackridge Asset Management. Read on if you have questions about his conduct as a broker.

Investor Dispute

On June 24, 2022, an investor named James Shawver in allegations of fraud, negligence, negligent supervision, unsuitable investment recommendations, and violation of FINRA Rule 2210. The client seeks $100,001 in this pending dispute.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to tailor their investment recommendations to fit their investor’s profile. An investor’s profile describes their risk tolerance, financial goals, age, and other information.

Investors who feel their losses were caused by unsuitable investment recommendations may be able to recoup their losses through FINRA arbitration.

FINRA Rule 2210 and 3110

FINRA Rule 2210 governs how brokers and firms can communicate with the public. Retail communications must provide a sound basis for investors to judge an investment and cannot contain any false, misleading, or promissory statements. Communications must also be reviewed by the firm before their distribution.

FINRA Rule 3110 requires firms to establish supervisory systems to ensure their compliance with securities regulations. This includes appointing appropriately trained or experienced supervisors and establishing written procedures to guide them in their work.

What is broker negligence?

Many behaviors can qualify as broker negligence. Common forms of negligence include making misrepresentations, over-concentrating clients’ accounts, and unsuitable investment recommendations. Investors who believe their losses are the result of broker negligence may be able to recover their funds through FINRA arbitration.

Background Information

James Shawver 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 7 – General Securities Representative Examination
  • Series 52 – Municipal Securities Representative Examination

James Shawver is a registered broker in eight states and a registered investment adviser in Florida.

He has also worked for the following firms:

  • Independent Financial Group (CRD#:7717)
  • Newbridge Financial Services Group (CRD#:130814)
  • Newbridge Securities (CRD#:104065)
  • Isaacson Investment Advisors (CRD#:143488)
  • Asset & Financial Planning (CRD#:110709)
  • Prime Capital Services (CRD#:18334)
  • Zacks Investment Management (CRD#:110897)
  • Countrywide Investment Services (CRD#:103919)
  • FTB Advisors (CRD#:17117)
  • First Tennessee Brokerage (CRD#:17117)
  • Merrill Lynch Pierce Fenner & Smith (CRD#:7691)
  • Banc of America Investment Services (CRD#:16361)
  • Barnett Investments (CRD#:14897)
  • Olde Discount Corporation (CRD#:5979)

Kurta Law Can Help

If you worked with James Shawver 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.