James C. Snow Jr. – Financial Advisor/Broker James C. Snow Jr. Suspended from Securities Industry | Recover Investment Losses

James C Snow Jr – Financial Advisor/Broker James C Snow Jr Suspended from Securities Industry | Goodman & Nekvasil P.A., May Recover Investor Losses

James C. Snow Jr. CRD #2761102

James C. Snow Jr. is a licensed financial advisor with Wilson-Davis & Co. Inc.

According to FINRA, James C. Snow Jr. was fined $30,000 and suspended from the securities industry for 2 years beginning in August 2021.

According to FINRA Allegations:

Snow was named a respondent in a FINRA complaint alleging that he failed to establish, maintain, and enforce a supervisory system, including WSPs, reasonably designed to achieve compliance with applicable securities laws, regulations, and FINRA rules. The complaint alleges that Snow, his member firm and other designated supervisors failed to reasonably supervise a registered representative’s trading by ignoring various red flags of potentially manipulative trading set forth in the firm’s WSPs that also failed to establish how the firm’s trading activity should be supervised to detect and prevent manipulative trading. In practice, no one at the firm was conducting a reasonable review of microcap liquidation and trading activity to detect and prevent manipulative trading, including the representative’s manipulative trading activity involving the company. The complaint also alleges that the firm and Snow, who was responsible for the firm’s AML program, failed to establish and implement AML policies and procedures reasonably designed to detect, investigate and report, if necessary, suspicious activity related to the firm’s microcap liquidation business. As a result, numerous red flags of suspicious activity related to a company’s trading and liquidation activity went undetected and unaddressed.

Goodman & Nekvasil, P.A. May Recover Investor Losses:

If you lost money on investments with James C. Snow Jr. 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 James C. Snow Jr.’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 $200 million on behalf of victimized investors. If you lost money on investments with James C. Snow Jr. 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 8/6/2021 directly from FINRA BrokerCheck, without any changes. If you believe this information was reported incorrectly, please contact our firm at 1-800-500-4442.

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