Public records provided by the Financial Industry Regulatory Authority (FINRA) on April 6, 2017 indicate that former California-based UBS Financial Services broker/adviser David James has been named in several resolved or pending customer disputes and is currently not affiliated with any broker-dealer firm. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. James (CRD# 1421651).
David James has spent thirty years in the securities industry and was most recently registered with UBS Financial Services in Century City, California (2011-2016). Previous registrations include Oppenheimer & Company in Los Angeles, California; CIBC World Markets in New York, New York; Kidder Peabody in New York, New York; Dean Witter Reynolds in Purchase, New York; and Merrill Lynch. He is currently not registered with any state or firm.
According to his BrokerCheck report, he has received three customer complaints and three pending customer complaints.
In 2016 a customer alleged David James, while employed at UBS Financial Services, failed to disclose fees and over-concentrated investments. The complaint settled in January 2017 for $54,421.
In 2016 a customer alleged David James, while employed at UBS Financial Services, breached his fiduciary duty and charged excessive fees. The customer is seeking unspecified damages in the pending complaint.
In 2016 a customer alleged David James, while employed at UBS Financial Services, executed unauthorized trades and made unsuitable investment recommendations. The customer is seeking unspecified damages in the pending complaint.
In 2016 he was terminated from his position at UBS Financial Services following allegations that he violated firm rules by “creating and sending clients customized performance reports without specific approval” and “responding to a complaint without management’s knowledge or approval.”
In 2016 a customer alleged he, while employed at UBS Financial Services, failed to follow instructions. The complaint settled for more than $14,600.
In 2000 a customer alleged he, while employed at CIBC World Markets, executed unauthorized sales of shares of Corporate Vision The customer is seeking $17,139 in damages in the pending complaint.
If you or someone you know has lost money investing with David James, 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.