Publicly available records published by the Financial Industry Regulatory Authority (FINRA) and accessed on December 7, 2017 indicate that Texas-based Rhodes Securities broker/adviser Jim Rhodes has received resolved or pending customer disputes. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Rhodes (CRD# 813870).
Jim Rhodes has spent 44 years in the securities industry and has been registered with Rhodes Securities in Fort Worth, Texas since 1987. Previous registrations Financial First Securities (1986-1988); Texas Securities (1978-1986); Independent Brokerage Corporation of America (1984); Southwest Securities (1978); Loeb Partners (1978); Hornblower Weeks Noyes & Trask (1977-1978); Hornblower & Weeks Hemphill Noyes (1975-1977); and EF Hutton & Company (1973-1975). He has passed five securities industry examinations: Series 63 (Uniform Securities Agent State Law Examination), which he obtained on May 13, 1981; Series 5 (Interest Rate Options Examination), which he obtained on March 28, 1983; Series 1 (Registered Representative Examination), which he obtained on January 16, 1973; F04 (Financial Principal Examination), which he obtained on June 27, 1978; and Series 40 (Registered Principal Examination), which he obtained on October 14, 1975. He is a registered broker and investment adviser with 13 US states and territories: Arizona, Arkansas, California, Colorado, Illinois, Iowa, Kansas, Louisiana, Michigan, Missouri, New Jersey, Texas and Virginia.
According to his BrokerCheck report, he has received one customer complaint and one pending customer complaint.
In September 2017 a customer alleged Jim Rhodes, while employed at Rhodes Securities, made unsuitable investment recommendations, breached his fiduciary duty, and failed in his supervisory duties in connection to investments in over-the-counter equities. The customer is seeking at least $250,000 in damages in the pending complaint.
In January 2017 a customer alleged Jim Rhodes, while employed at Rhodes Securities, breached his fiduciary duty, acted negligently, and breached contract. The complaint settled in July 2017 for $810,000.
If you or someone you know has lost money investing with Jim Rhodes, call Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup your losses. Fitapelli Kurta accepts all cases on a contingency basis: we only get paid if and when you collect 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.