Investor Alert: James Eugene Holmes III – Termination, Customer Complaint & FINRA Suspension
James Eugene Holmes III – Termination, Customer Complaint & FINRA Suspension
Former Wells Fargo broker James Eugene Holmes III was terminated after allegations that he exercised unauthorized discretion in customer accounts.
Holmes now faces a pending customer complaint. The customer is seeking significant damages for alleged unsuitable recommendations.
FINRA recently issued a suspension and monetary sanction after finding that he recommended high-risk options trades inconsistent with the customer’s risk tolerance.
James Holmes was also fined for executing numerous unauthorized trades.
The FINRA allegations raise serious concerns about his compliance with industry rules and duties to clients.
Call 800-500-4442 if you think that you have received unsuitable investment recommendations from your adviser.
Investors who worked with James E. Holmes III and suffered losses should call us today.
If you believe your accounts were mishandled — including unauthorized trades, unsuitable recommendations, or risky options strategies — contact Goodman & Nekvasil, P.A. immediately for a free case review.
James Eugene Holmes III – Termination, Customer Complaint & FINRA Suspension
Goodman & Nekvasil, P.A., is investigating brokers who may have unsuitably recommended investments to their clients.
St. Petersburg, Florida law firm Goodman & Nekvasil, P.A., has a national practice representing victimized investors. The firm continues to investigate brokerage firms that placed elderly retirees and other conservative investors in unsuitable investments.
Goodman & Nekvasil, P.A., has filed numerous cases against brokerage firms selling high-risk investments and has recovered more than $500 million dollars on behalf of victimized investors.
We allege in these cases that these investment recommendations were unsuitable for our clients in view of their financial situation, needs and investment objectives.
There is no charge for an evaluation of your case. We handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee.
If you incurred losses on your investment and would like your case evaluated by a securities attorney, please contact us.
Some of the information in this blog post was obtained from FINRA on 12/1/25. If you believe this information was reported incorrectly, please contact our firm: 1-800-500-4442.