James David Goodland (James Goodland) of Cambridge Investment Research, Inc., Barred as a Supervising Principal from Securities Industry -- Goodman & Nekvasil P.A, May Recover Investor Losses
Goodman & Nekvasil P.A, May Recover Investor Losses - James David Goodland (James Goodland) of Cambridge Investment Research, Inc., Barred as a Supervising Principal from Securities Industry
From 2000 until 2013, James Goodland was licensed with Cambridge Investment Research, Inc. James Goodland was subsequently licensed with NFP Advisor Services, LLC and is now licensed with Spire Securities, LLC.
The SEC brought an enforcement action against James Goodland in 2015. James Goodland consented to a bar as a supervising principal from the securities industry and a $30,000 monetary fine. FINRA reports that James Goodland consented to the entry of SEC findings that James Goodland failed to reasonably supervise an investment advisory representative associated with the investment adviser whom James Goodland directly supervised. The findings state that the investment adviser and James Goodland also failed to adopt and implement an adequate system of internal controls with a view toward preventing and detecting violations of the Advisers Act. According to the SEC, James Goodland failed adequately to respond to red flags concerning the investment advisory representative’s conflicts of interest, his unusual trading in client accounts and his numerous emails with a company insider. The SEC findings also state that James Goodland willfully aided and abetted and caused the investment adviser’s violations of the Advisers Act.
FINRA reports an arbitration claim/complaint was filed alleging sales practice violations against James Goodland. The claim alleged misrepresentation, suitability, and failure to supervise (Tenants in Common). The claim was settled for $250,000. James Goodland contributed $7,000 of the settlement.
If you lost any money on investments with James Goodland, you may be able to recover your losses from Cambridge Investment Research, Inc. NFP Advisor Services, LLC and/or Spire Securities, LLC. This is because Cambridge Investment Research, Inc. NFP Advisor Services, LLC and Spire Securities, LLC had a duty to supervise James Goodland.
If you lost money on investments with James Goodland, 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 Cambridge Investment Research, Inc. NFP Advisor Services, LLC and/or Spire Securities, LLC, concerning James Goodland’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 any investments with James Goodland 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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