Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) on September 15, 2016 indicate that Illinois-based National Securities broker/adviser James Pinzker has been the subject of a customer complaint. The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Pinzker (CRD# 2525439).
James Pinzker has spent 21 years in the securities industry and has been registered with National Securities in Chicago, Illinois since December 2015. Previous registrations include Oppenheimer & Company in Chicago, Illinois; UBS Financial Services in Chicago, Illinois; Citigroup Global Markets in Chicago, Illinois; and Merrill Lynch in New York, New York. He is a registered broker and investment adviser with fifteen US states and territories;
According to his BrokerCheck report, James Pinzker has been the subject of one customer complaint.
In 2009 a customer alleged James Pinzker, while employed at UBS Financial Services, over-concentrated investments in oil and gas securities and failed to executed stop loss orders. The complaint settled in 2010 for $11,500.
Concentration (or “over-concentration”) refers to a broker’s failure to diversify a customer’s portfolio among a variety of assets. Sometimes a broker believes one asset will outperform others, and focuses the investment in that asset or class. In other cases, a broker might invest primarily in a series of related investments; for instance, municipal bonds in the same region. Since similar classes often perform similarly, if one performs poorly, the others might as well. Brokers who fail to diversify their customers’ investments may be subject to disciplinary action by FINRA or the Securities and Exchange Commission.
If you have lost money investing with James Pinzker, you may be entitled to recoup your losses. 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 recover money. Time to file your claim may be limited, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.