James Warring Fired from DAI Securities Following Fraud Allegations

James Warring (CRD #: 3198200), a broker formerly registered with DAI Securities, is involved in a pending dispute, according to his BrokerCheck record, accessed on May 26, 2023. Keep reading to learn more about his alleged conduct as a broker.

Termination from DAI Securities

On April 18, 2023, James Warring was fired from DAI Securities following allegations that he engaged in or aided and abetted fraudulent conduct, as well as violations of the Maryland Securities Act and Maryland SAFE Act from 2010-2022.

FINRA Rule 2010

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

What are Blue Sky Laws?

Blue sky laws are state-level regulations that provide investors with an extra layer of protection against securities fraud. They may also define what investments must register with the state securities board.

Pending Dispute

On March 19, 2023, multiple investors alleged that James Warring engaged in, or aided and abetted, fraudulent conduct, including constructive fraud and violations of the Maryland Securities Act and Maryland SAFE Act from 2010-2022.

He allegedly engaged in this conduct through his investment advisory firm, trust company, and accounting business. The clients seek $4.5 million in damages in this pending dispute.

Background Information

James Warring has passed the following exams:

• Series 66 – Uniform Combined State Law Examination
• SIE – Securities Industry Essentials Examination
• Series 7 – General Securities Representative Examination
• Series 6 – Investment Company Products/Variable Contracts Representative Examination

He previously worked for the following firms:

• DAI Securities (CRD#:36673)
• Triad Advisors (CRD#:25803)
• H. Beck (CRD#:1763)
• 1st Global Capital CORP. (CRD#:30349)
• United Planners’ Financial Services of America (CRD#:20804)

Kurta Law Can Help

If you worked with James Warring 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.