Goodman & Nekvasil P.A., May Recover Investor Losses | James Bradley Schwartz (James Schwartz), Financial Advisor Under Investigation by FINRA
James Schwartz was a previously licensed financial advisor with Joseph Gunnar & Co. LLC, First Standard Financial Company LLC and Aegis Capital Corp. FINRA reports that it made a preliminary determination to recommend that disciplinary action be brought against James Bradley Schwartz, alleging that James Bradley Schwartz made potential violations, specifically: that the respondent James Bradley Schwartz violated the following FINRA Rules and federal securities laws: FINRA Rules 2111 and 2010: when Schwartz engaged in excessive trading in the accounts of four of his member Firm customers (the “Customers”). Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder, and FINRA Rules 2020 and 2010: By managing the Customers’ accounts for the purpose of generating commissions and in disregard of the Customers’ interests, he also engaged in churning in the Customers’ accounts. FINRA Rule 2010: when James Bradley Schwartz placed unauthorized trades in the Customers’ accounts. FINRA Rules 4511 and 2010: By James Bradley Schwartz marking unauthorized trades as “solicited”, he caused Aegis Capital Corp. to violate Section 17(a) of the Exchange Act, and Rules 17a-3 and 17a-4 promulgated thereunder. By causing Aegis to maintain inaccurate books and records, James Bradley Schwartz violated FINRA Rules 4511 and 2010.
FINRA reports that two arbitration claims involving James Bradley Schwartz’ conduct while employed with Aegis Capital Corp. have been filed, alleging negligence, unsuitability, breach of fiduciary duty, breach of contract, negligent misrepresentations, omissions, unauthorized trading and/or unsuitable investment recommendations. One of these arbitration claims alleges damages of $1,694,099.
If you lost any money on investments with James Bradley Schwartz, you may be able to recover your losses from Joseph Gunnar & Co. LLC, First Standard Financial Company LLC and/or Aegis Capital Corp. This is because Joseph Gunnar & Co. LLC, First Standard Financial Company LLC and Aegis Capital Corp had a duty to supervise James Bradley Schwartz.
If you lost money on investments with James Bradley Schwartz 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 against Joseph Gunnar & Co. LLC, First Standard Financial Company LLC and/or Aegis Capital Corp concerning James Bradley Schwartz’ 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 $180 million on behalf of victimized investors. If you lost money on investments with James Bradley Schwartz 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.