Ian James – Financial Advisor/Broker Suspended from Securities Industry | Goodman & Nekvasil P.A., May Recover Investor Losses
Ian James a/k/a Ian Eugene James is a licensed financial advisor with International Assets Advisory. Ian James was previously licensed with Investacorp.
According to FINRA, Ian James was fined $10,000 and suspended from the securities industry for two months in December 2021.
According to FINRA Allegations:
James consented to the sanctions and to the entry of findings that he failed to timely amend his Uniform Application for Securities Industry Registration or Transfer (Form U4) to disclose a federal tax lien totaling $59,997.08. The finding stated that James became aware that the Internal Revenue Service had filed the tax lien against him, and subsequently inaccurately stated on his member firm’s annual compliance questionnaire that he had made all necessary amendments to his Form U4, even though he had not done so. James belatedly disclosed the lien on his Form U4 after FINRA inquired with the firm about the lien. The findings also stated that James engaged in an outside business activity without providing written notice to the firm. Through an entity James owned, he made a capital contribution to a medical marijuana company, in the form of a promissory note, in exchange for partial ownership interest in the company. James also formed and became the managing member of a new limited liability company to engage in operational activity for the medical marijuana company. James expected to serve as the medical marijuana company’s chief financial officer, and he expected to obtain compensation in that capacity and in connection with his ownership interest in the company. However, James, through the entity he owned, subsequently filed a lawsuit that alleged, among other things, that the medical marijuana company and its founder breached agreements that James had executed, such that he could not obtain future profits he had anticipated. James received a monetary settlement in connection with his lawsuit.
Goodman & Nekvasil, P.A. May Recover Investor Losses:
If you lost money on investments with Ian James and believe 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 concerning Ian James’ 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 $200 million on behalf of victimized investors. If you lost money on investments with Ian James 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.
Some of the information in this blog post was obtained on 12/16/2021 directly from FINRA BrokerCheck, without any changes. If you believe this information was reported incorrectly, please contact our firm at 1-800-500-4442.