James William Flower (Jim Flower) – Financial Advisor/Broker Jim Flower Suspended from Securities Industry | Goodman & Nekvasil P.A., May Recover Investor Losses
Jim Flower CRD # 2817701
Jim Flower has been licensed with SW Financial in New York since 2015. FINRA reports that Jim Flower was suspended from the securities industry for three months in July 2017.
According to FINRA: Jim Flower consented to the sanctions and to the entry of findings that Jim Flower recommended that 13 of his customers invest in a highly volatile exchange-traded note without having a reasonable basis for recommending the transactions. The findings stated that at the time Jim Flower was recommending the exchange-traded note, Jim Flower incorrectly believed that it traded inverse to the S&P 500 index. This erroneous perception led him to recommend that customers purchase and hold the exchange-traded note as a hedge to an anticipated overall market decline. Based on Jim Flower’s recommendations, 13 customers suffered losses in excess of $249,000 after holding their shares for periods ranging from two weeks to over one year. Jim Flower lacked a sufficient understanding of the mechanics of the exchange-traded note to form a reasonable basis upon which to recommend the purchase of it to his customers.
According to Jim Flower’s CRD, two customer disputes alleging sales practice violations against Jim Flower were filed. According to Jim Flower’s CRD, these customer disputes alleged churning and unsuitability among other allegations. According to Jim Flower’s CRD, these two customer disputes were settled.
If you lost money on investments with Jim Flower 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 Jim Flower’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 $180 million on behalf of victimized investors. If you lost money on investments with Jim Flower 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.
James William Flower, Jim Flower, Financial Advisor, Broker, Unsuitable Investment Advice, Investment Fraud, Churning, Misrepresentation and Omission of Material Facts, Elder Fraud, Unauthorized Trading, Theft, Selling Away, Unapproved Outside Business, Nationwide, SEC, Financial Advisor, Broker, James William Flower, Jim Flower