Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) on June 7, 2016 indicate that North Carolina-based BB&T Securities broker/adviser James Applewhite II has been the subject of customer complaints. The securities and investment fraud law firm Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Applewhite (CRD# 1209709).
James Applewhite has spent 32 years in the securities industry and has been registered with BB&T Securities in Raleigh, North Carolina since 2013. Previous registrations include Scott & Stringfellow in Raleigh, North Carolina; Wells Fargo Advisors in Raleigh, North Carolina; First Union Brokerage Services in Charlotte, North Carolina; Barnett Investments in Jacksonville, Florida; FN Investment Center in Sacramento, California; Planned Management Company in Charlotte, North Carolina; JMC Investment Services in Boston, Massachusetts; Spear Investment Services; and First Investors Corporation.
According to his BrokerCheck report, James Applewhite has received three customer complaints and one regulatory sanction.
In 2014, FINRA sanctioned James Applewhite following allegations he exercised discretion by effecting transactions in customers’ accounts without obtaining prior written authorization and without having the accounts accepted as discretionary by his member firm, Wachovia Securities. He was issued a one-month suspension and a fine of $5,000.
In 2012, James Applewhite was terminated from his position at Wells Fargo Advisors following allegations he exercised discretion in certain client-directed accounts without having obtained prior written authorization.
In 2009, a customer alleged James Applewhite, while employed at BB&T Securities, committed fraud, misrepresented material facts, violated federal and state securities laws, and executed unauthorized transactions. The complaint settled in 2010 for $150,000.
In 1996, a customer alleged James Applewhite, while employed at Barnett Investments, recommended unsuitable investments. The complaint settled in 1998 for $24,600.
In 1995, a customer alleged James Applewhite, while employed at Barnett Brokerage Services, omitted material facts, failed to supervise, and made unsuitable recommendations. The complaint settled in 1997 for $10,000.
If you have lost money investing with James Applewhite III, you may be able to collect lost funds. 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 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.