James Alan Issel (James Issel) Fired by Mack Investment Securities, Inc. – Goodman & Nekvasil P.A., May Recover Investor Losses

Goodman & Nekvasil P.A., May Recover Investor Losses - James Alan Issel (James Issel) Fired by Mack Investment Securities, Inc. 

From 2004 to 2011, James Issel was licensed with Mack Investment Securities, Inc. James Issel is now licensed with Cetera Advisor Networks, LLC. According to FINRA’s records James Issel was fired from Mack Investment Services, Inc. on November 18, 2011. Mack Investment Securities, Inc. reported to FINRA that James Issel switched clients to a different mutual fund share class without Mack Investment Securities, Inc.’s knowledge. Mack Investment Securities, Inc. also reported that James Issel violated procedures by sending correspondence without Mack Investment Securities, Inc.’s review.  

Subsequent to James Issel’s firing by Mack Investment Securities, Inc. FINRA investigated James Issel and brought a disciplinary action against James Issel. James Issel consented to a 10 day suspension from the securities and investment banking industry and a $15,000 fine. James Issel also consented to findings that James Issel engaged in a pattern of unsuitable mutual fund recommendations in the accounts of several customers of James Issel’s member firm. Specifically, according to FINRA, James Issel violated NASD Conduct Rules 2310(a) and 2110.

If you lost any money on investments with James Issel, you may be able to recover your losses from Mack Investment Services, Inc. and/or Cetera Advisor Networks, LLC. This is because Mack Investment Services, Inc. and Cetera Advisor Networks, LLC had a duty to supervise Donald Simmons. 

If you lost money on investments with James Issel and believe that the investments may have been unsuitable or otherwise improper for you, we would like to discuss the possibility of your retaining our firm to represent you in an arbitration action against Mack Investment Securities, Inc. and/or Cetera Advisor Networks, LLC concerning James Issel’s conduct. There is no charge for an evaluation of your case. Further, we handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee. Unless you recover any money, you pay us nothing, not even the costs and expenses which the firm will advance on your behalf.

Kalju Nekvasil, Esq, formerly regional counsel with the NASD, now known as FINRA, has practiced in this area of the law for more than 35 years. Goodman & Nekvasil, P.A. has recovered more than $300 million on behalf of victimized investors. If you lost money on investments with James Issel and would like your case evaluated by a securities attorney (again, there is no charge for an evaluation and all cases are handled on a purely contingency fee basis), please contact us.

 

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