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James Paquette Named in FINRA Investigation

The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding South Carolina-based Investacorp broker/adviser James Paquette (CRD# 2164109).

James Paquette has spent 23 years in the securities industry and has been registered with Investacorp in Pawleys Island, South Carolina since 2012. Previous registrations include Berthel Fisher in Pawleys Island, South Carolina (2007-2012); NFP Securities in Pawleys Island, South Carolina (2007); Harbor Financial Services in Calabash, North Carolina (2006); Raymond James Financial Services in Pawleys Island, South Carolina (2002-2006); First Union Securities in St. Louis, Missouri (1999-2002); First Union Capital Markets in Charlotte, North Carolina (1993-1999); and Merrill Lynch in New York, New York (1991-1993). He is a registered broker and investment adviser in twelve US states.

According to his BrokerCheck report, James Paquette is the subject of one customer complaint, four customer complaints that were closed or denied, and one FINRA investigation. He was additionally discharged from his position at Berthel Fisher.

In 2013 FINRA named James Paquette in an investigation regarding unspecified allegations. The investigation remains pending.

In 2012 James Paquette was “permitted to resign” from his position at Berthel Fisher following allegations he executed excessive trades in at least two client accounts.

In 2008 a customer allshutterstock_120747304eged James Paquette, while employed at Raymond James Financial Services, recommended an unsuitable investment. The customer sought unspecified damages in the complaint, which was denied.

In 2006 a customer alleged James Paquette, while employed at Raymond James Financial Services, failed to disclose the surrender charges associated with an annuity. The customer sought $6,358 in damages in the complaint, which was denied.

In 2002 a customer alleged James Paquette, while employed at First Union Securities, executed unsuitable, unauthorized, and excessive trades. The complaint settled in 2004 for $700,000.

In 1999 a customer alleged James Paquette, while employed at Raymond James Financial Services, did not inform her of the surrender penalty associated with a Pacific Life annuity contract. The customer sought $6,377 in damages in the complaint, which was denied.

If you have lost money investing with James Paquette, you may be able to collect a recovery. Call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. All cases are taken on contingency: Fitapelli Kurta only gets paid if and when you receive money. By law there is a limited window to file claims, so we suggest you avoid delay. Call 877-238-4175 now to speak to an attorney for free.