Publicly available records provided by the Financial Industry Regulatory Authority on June 12, 2017 indicate that former Louisiana-based Stifel Nicolaus broker/adviser James Cox has been sanctioned by FINRA and is currently not affiliated with any broker-dealer firm. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Cox (CRD# 2365633).
James Cox has spent 23 years in the securities industry and was most recently registered with Stifel Nicolaus & Company in Baton Rouge and New Orleans, Louisiana since July 2015. Previous registrations include Sterne Agee & Leach in Baton Rouge, Louisiana; Stanford Group Company in Baton Rouge, Louisiana; Securities America in Baton Rouge, Louisiana; and FSC Securities Corporation in Atlanta, Georgia. He is currently not registered with any state or firm.
According to his BrokerCheck report, he has received one FINRA sanction, two customer complaints and two pending customer complaints.
In June 2017 FINRA sanctioned him following allegations he “recommended unsuitable annuity transactions to a customer and received net commissions of $25,460 in connection with the exchange.” FINRA’s findings state further: “Cox failed to provide prior written notice of an outside business activity to his member firm when he charged the customer $2,500 for consulting services that he provided in connection with the construction of a modular office building for the customer’s medical practice.” He was issued a fine of $10,000, ordered to pay disgorgement of $25,460, and was issued a four-month suspension.
In 2017 he was terminated from his position at Stifel Nicolaus & Company following allegations of “Lack of confidence after settlement of customer complaint and nondisclosure of outside business activity.”
In 2014 a customer alleged James Cox, while employed at Sterne Agee & Leach, provided misleading advice in connection to annuity investments. The complaint settled for $480,000.
In 2012 a customer alleged James Cox, while employed at Securities America, made unsuitable recommendations, made material misrepresentations, breached contract, and breached his fiduciary duty. The complaint settled for $25,000.
If you or someone you know has lost money investing with James Cox, 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.