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James Mirenda Sanctioned by FINRA

James MirendaPublicly available records provided by the Financial Industry Regulatory Authority (FINRA) on August 9, 2016 indicate that New York-based Legend Securities broker James Mirenda has been the subject of customer complaints and a regulatory sanctions. The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Mirenda (CRD# 2585792).

James Mirenda has spent eight years in the securities industry and has been registered with Legend Securities in Miller Place, New York since April 2015. Previous registrations include Tryco Securities in Miller Place, New York; Brookville Capital Partners, which has since been expelled by FINRA, in Miller Place, New York; John Thomas Financial, which has since been expelled by FINRA, in New York, New York; JD Nicholas & Associates in Lake Grove, New York; EKN Financial Services, which has since been expelled by FINRA, in Melville, New York; Joseph Gunnar & Company in Medford, New York; EKN Financial Services, which has since been expelled by FINRA, in Farmingville, New York; KC Ward Financial in Ronkonkoma, New York; American Capital Partners in Medford, New York; Clark Dodge & Company in Dodge City, New York; and World Equity Group in Garden City, New York. He is a registered broker with seven US states: California, Connecticut, Iowa, Minnesota, New York, Oklahoma, and Wyoming.

According to his BrokerCheck report James Mirenda has received three customer complaints and one regulatory sanction.

In 2013, a customer alleged James Mirenda, while employed at American Capital Partners, mishandled accounts during the 2007-2009 financial crisis. The complaint settled in February 2016 for $400,000.

In 2012, FINRA sanctioned James Mirenda following allegations he “engaged in unsuitable trading in a customer account by recommending purchases on margin of a stock resulting in an overconcentration in the customer’s account.” He was issued a thirty-day suspension and a fine of $5,000.

In 2010, James Mirenda was terminated from his position at KC Ward Financial following allegations he engaged in unethical business practices and made false and misleading statements.

In 2009, a customer alleged James Mirenda, while employed at KC Ward Financial, acted negligently and breached his fiduciary duty. The complaint settled in 2010 for $250,000, to which Mr. Mirenda individually contributed $10,000.

In 2009, a customer alleged James Mirenda, while employed at American Capital Partners, made unsuitable recommendations, executed unauthorized transactions, churned the account, and committed fraud. The complaint settled in 2011 for $100,000, to which Mr. Mirenda individually contributed $70,556.

If you have complaints regarding James Mirenda, call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. You may be entitled to recoup your losses. All cases are taken on a contingency basis: Fitapelli Kurta only receives payment if and when you recover money. You may have a limited window to file your complaint, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.