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Nigel James: New Allegations of Churning

Sep 3, 2021 Margin Disputes

Nigel James (CRD #: 4490687), a broker registered with Joseph Stone Capital, is the subject of a FINRA investigation, according to his BrokerCheck record, accessed on August 25, 2021.

On June 25, 2021, FINRA decided to recommend disciplinary action for Nigel James. FINRA alleges that he excessively traded securities and engaged in unauthorized trading. Brokers sometimes excessively trade investments to generate more commissions for themselves. This type of misconduct is also called “churning.” The regulator also alleged that Nigel James made unauthorized use of a margin account – a type of account that exposes the investor to more of the market using borrowed money.

This is not the only disclosure on Nigel James’ account. On April 25, 2014, an investor alleged that he recommended unsuitable transactions and churned his account. The investor sought $150,000; the dispute settled for $88,000.

Background Information

Nigel James has passed the following exams:

  • Series 63 Uniform Securities Agent State Law Examination
  • Securities Industry Essentials Examination
  • Series 7 General Securities Representative Examination

He is a registered broker in 33 states.

Nigel James has registered with the following firms:

  • Joseph Stone Capital (CRD #: 159744)
  • First Midwest Securities (CRD #: 21786)
  • P. Turner & Company (CRD #: 43177)
  • Brundyn Securities (CRD #: 124493)
  • LH Ross & Company (CRD #: 37920)
  • Harrison Securities (CRD #: 14103)

Kurta Law Can Help

If you worked with Michael Seymour and you have concerns about your investments, please contact us today at 877-600-0098 or 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.