Jim Parrelly – Financial Advisor/Broker Jim Parrelly Suspended from Securities Industry | Recover Investment Losses

Jim Parrelly – Financial Advisor/Broker Suspended from Securities Industry | Goodman & Nekvasil, P.A. May Recover Investor Losses

Jim Parrelly a/k/a James Anthony Parrelly CRD #728368

Jim Parrelly a/k/a James Anthony Parrelly is a licensed financial advisor/broker with Investment Planners, Inc. According to FINRA, Jim Parrelly was fined $10,000 and suspended from the securities industry for 15 days in May 2020.

According to FINRA Allegations:

Between April 2015 and November 2018, Jim Parrelly exercised discretion in a customer’s securities account by executing transactions on approximately 100 dates without speaking to the customer on the transaction date and before he executed the transactions. Jim Parrelly had verbal authorization from the customer to exercise discretion in her account; however, Jim Parrelly failed to obtain prior written authorization from the customer and secure the firm’s written approval of his discretionary trading.

According to Jim Parrelly’s BrokerCheck Report:

A customer dispute was filed alleging sales practice violations against Jim Parrelly. This customer dispute alleges churning, negligence of duty and unsuitable investments. This customer dispute seeks $500,000 in damages.

Goodman & Nekvasil P.A. May Recover Investor Losses

If you lost money on investments with Jim Parrelly 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 Parrelly’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 Parrelly 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 5/6/2020 directly from FINRA BrokerCheck, without any changes. If you believe this information was reported incorrectly, please contact our firm at 1-800-500-4442.

Jim Parrelly, 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, Jim Parrelly


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