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James Sophia Allegedly Implemented a Strategy that Was Not in the Client’s Best Interest

James Sophia (CRD #: 3222645), a broker registered with Morgan Stanley, is the subject of an investor dispute. This disclosure appears on his BrokerCheck record, accessed on July 24, 2024. Details concerning this dispute are provided below. 

Investor Allegations 

On May 21, 2024, an investor alleged that James Sophia implemented a strategy in their account that was not in their best interest. The investor is seeking $50,000. 

Investors should know this is the fifth investor dispute on his record. 

Regulation Best Interest

Regulation Best Interest (Reg-BI) is an SEC regulation that requires brokerage firms to put their clients’ best interests first. For example, firms must conduct reasonable due diligence when researching investments to ensure their recommendations are suitable for the investor.

Background Information 

James Sophia 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 

He is a registered broker in 15 states and is a registered investment adviser in Ohio. 

During his 25 years of experience, James Sophia has registered with four firms: 

  • Morgan Stanley (CRD #: 149777) 
  • Merrill Lynch, Pierce, Fenner & Smith (CRD #: 7691) 
  • UBS Financial Services (CRD #: 8174) 
  • Wachovia Securities (CRD #: 19616) 

Kurta Law Can Help 

If you have worked with James Sophia and have concerns about your investments, do not hesitate to contact us at 877-600-0098 or email 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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