James Michael Vaughn (Mike Vaughn) Suspended from Securities Industry and Fired by Edward Jones – Goodman & Nekvasil P.A., May Recover Investor Losses
Goodman & Nekvasil P.A., May Recover Investor Losses - James Michael Vaughn (Mike Vaughn) Suspended from Securities Industry and Fired by Edward Jones
From 1998 until Mike Vaughn’s firing in 2014, Mike Vaughn was licensed with Edward Jones. Mike Vaughn is now licensed with The Strategic Financial Alliance, Inc. According to FINRA’s records, Mike Vaughn was fired by Edward Jones on March 6, 2014. Edward Jones reported to FINRA that Mike Vaughn violated Edward Jones policy regarding discretionary trading in brokerage accounts, which Edward Jones prohibits regardless of whether a customer’s authorization is received.
Subsequent to Mike Vaughn’s firing by Edward Jones, FINRA investigated Mike Vaughn and brought a disciplinary action against Mike Vaughn. Mike Vaughn was fined $5,000 and suspended for 10 days from the securities and investment banking industry on January 27, 2015. FINRA reports that Mike Vaughn consented to the sanctions and to the entry of findings that Mike Vaughn effected 20 discretionary transactions in three different customer accounts without obtaining prior written authorization from the customers and without having the accounts accepted as discretionary accounts by Mike Vaughn’s member firm.
If you lost any money on investments with Mike Vaughn, you may be able to recover your losses from Edward Jones and/or The Strategic Financial Alliance, Inc. This is because Edward Jones and The Strategic Financial Alliance, Inc. had a duty to supervise Mike Vaughn.
If you lost money on investments with Mike Vaughn 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 Edward Jones and/or The Strategic Financial Alliance, Inc. concerning Mike Vaughn’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 Mike Vaughn 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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