Goodman & Nekvasil P.A., May Recover Your Investment Losses – James Aloysius Conwell II (Jim Conwell) Licensed with International Assets Advisory, LLC and Formerly Licensed with WFG Investments, Inc. Suspended from Securities Industry
Jim Conwell has been licensed with International Assets Advisory, LLC since July 2017. Jim Conwell was previously licensed with WFG Investments, Inc. from 2010 to 2017. Jim Conwell was suspended from the securities and investment banking industry for 30 days and fined $5,000 by the Financial Industry Regulatory Authority (FINRA). FINRA reports that Jim Conwell consented to the sanctions and to the entry of the findings that Jim Conwell impersonated one of Jim Conwell’s customers in order to obtain a current annuity valuation for a portfolio review that Jim Conwell was providing the customer the following day. According to FINRA, because Jim Conwell was not listed as the registered representative of record on the annuity account at the time, Jim Conwell misrepresented to the financial institution that Jim Conwell was the customer in order to obtain the information. FINRA reports that Jim Conwell then used the information obtained about the variable annuity’s current value to conduct the portfolio review with the customer.
FINRA reports that two arbitration claims involving Jim Conwell’s conduct with WFG Investments, Inc. are pending. These claims allege failure to conduct reasonable due diligence, material misrepresentations and a failure to disclose material facts. These arbitration claims seek damages of $155,000 and $75,000.
FINRA also reports that Jim Conwell was previously permitted to resign from a firm in relation to allegations regarding knowing certification of false signature.
If you lost any money on investments with Jim Conwell you may be able to recover your losses from International Assets Advisory, LLC and/or WFG Investments, Inc. This is because International Assets Advisory, LLC and WFG Investments, Inc. had a duty to supervise Jim Conwell.
If you lost money on investments with Jim Conwell and believe that 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 International Assets Advisory, LLC and/or WFG Investments, Inc. concerning Jim Conwell’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 $300 million on behalf of victimized investors. If you lost money on other investments with Jim Conwell 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.
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