Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) on May 9, 2016 indicate that Indiana-based Thurston Springer Miller Herd & Titak broker/adviser James Madden has received customer complaints. The securities and investment fraud law firm Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Madden (CRD# 1086380).
James Madden has spent 33 years in the securities industry and has been registered with Thurston Springer Miller Herd & Titak in Indianapolis, Indiana since 2014. Previous registrations include Raymond James & Associates in Greenwood, Indiana (2009-2014); Citigroup Global Markets in Indianapolis, Indiana (1993-2009); Lehman Brothers in New York, New York (1989-1993); and Merrill Lynch in New York, New York (1983-1989). He is a registered broker and investment adviser with six US states: California, Georgia, Indiana, Michigan, Ohio, and Pennsylvania.
According to his BrokerCheck report, James Madden has received two customer complaints and one regulatory sanction.
In March 2015, FINRA sanctioned James Madden following allegations that he exercised discretion in customer accounts without obtaining written authorization from customers or approval of the accounts as discretionary from his member firm, Raymond James & Associates. He was issued a 10-day suspension and a $5,000 fine.
In 2014, a customer alleged that James Madden, while employed at Raymond James & Associates, executed unauthorized trades. The complaint settled for $36,000.
In 2014, James Madden was discharged from his position at Raymond James & Associates following allegations that he engaged in unauthorized trading.
In 1993, a customer alleged that James Madden engaged in unsuitable equity and option trading. The complaint settled for $35,000.
If you or someone you know has a complaint regarding James Madden call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup losses. Fitapelli Kurta accepts every case on contingency: we only get paid if and when you collect money. Time to file your claim may be limited, so we recommend you avoid delay. Call 877-238-4175 now to speak to an attorney for free.