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Nigel James Subject of FINRA Investigation into Unauthorized Trading

Jul 23, 2021 Investor Disputes

Nigel James (CRD #: 4490687), a broker registered with Joseph Stone Capital, is the subject of a FINRA investigation into allegations of unauthorized and excessive trading. This is according to his BrokerCheck record, accessed on July 12, 2021.

On June 25, 2021, FINRA made a preliminary determination to recommend that disciplinary action be brought against James. This followed an investigation into James’ possible excessive trading and unsuitable investment recommendations. FINRA further alleged that Nigel James also made unauthorized use of a margin account.

Settled Investor Disputes

On April 25, 2014, an investor alleged that Nigel James recommended unsuitable investments and churned customer accounts. James also allegedly failed to comply with his firm’s internal procedures. The investor sought $150,000; the dispute settled for $88,000.

On December 23, 2008, an investor alleged that James executed an unauthorized trade. The dispute was denied. “Denials” simply mean the firm denies their representative engaged in misconduct. They do not indicate that FINRA has reviewed the dispute. Investors can still recover their losses following a denial.

Nigel James Background Information

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 34 states.

Nigel James has worked for 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 #: 14130)

Kurta Law Can Help

If you worked with Nigel James and you have concerns about unsuitable investments, contact Kurta Law today. Call 212-658-1502 or email jkurta@kurtalawfirm.com.