Goodman & Nekvasil P.A., May Recover Investor Losses – James Keith Cox (James Cox) Suspended from Securities Industry and Fired by Stifel, Nicolaus & Company, Incorporated
From 2015 until James Cox’s firing in 2016, James Cox was licensed with Stifel, Nicolaus & Company, Incorporated. James Cox was previously licensed with Sterne, Agee & Leach, Inc. According to FINRA’s records, James Cox was fired by Stifel, Nicolaus & Company, Incorporated on April 24, 2017. Stifel, Nicolaus & Company, Incorporated reported to FINRA that James Cox’s firing related to lack of confidence after settlement of customer complaint and nondisclosure of outside business activity.
Following James Cox’s firing by Stifel, Nicolaus & Company, Incorporated, FINRA investigated James Cox and brought a disciplinary action against James Cox. James Cox consented to a 4 month suspension from the securities and investment banking industry, a $10,000 fine, and a $25,460 disgorgement. James Cox also consented to findings that James Cox recommended unsuitable annuity transactions to a customer and received net commissions of $25,460 in connection with the exchange. The findings stated that James Cox failed to provide prior written notice of an outside business activity to James Cox’s member firm when James Cox charged the customer $2,500 for consulting services that James Cox provided in connection with the construction of a modular office building for the customer’s medical practice.
FINRA reports that two arbitration claims have been filed involving James Cox’s conduct with Sterne, Agee & Leach, Inc. and/or a prior employer. These arbitration claims allege unsuitability, misrepresentation, breach of fiduciary duty, breach of contract, and/or other allegations. These two claims were both settled, with the largest claim settling for $480,000.
FINRA also reports that two lawsuits involving James Cox’s conduct are currently pending.
If you lost any money on investments with James Cox, you may be able to recover your losses from Stifel, Nicolaus & Company, Incorporated and/or Sterne, Agee & Leach, Inc. This is because Stifel, Nicolaus & Company, Incorporated and Sterne, Agee & Leach, Inc. had a duty to supervise James Cox.
If you lost money on investments with James Cox, 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 Stifel, Nicolaus & Company, Incorporated and/or Sterne, Agee & Leach, Inc. concerning James Cox’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 $170 million on behalf of victimized investors.If you lost money on investments with James Cox 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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