Goodman & Nekvasil P.A, May Recover Losses on Investments or Promissory Notes – James Michael Casey (Jim Casey) Formerly Licensed with Purshe Kaplan Sterling Investments and Integrated Wealth Management, Inc. Investigated by FINRA
Jim Casey was licensed with Purshe Kaplan Sterling Investments from 2010 to 2017 and founded Integrated Wealth Management, Inc. in 2005. FINRA reports that three lawsuits and/or complaints have been filed involving Jim Casey’s conduct with Purshe Kaplan Sterling Investments, alleging Jim Casey used client funds without the client’s knowledge to invest in film production and marketing, breach of fiduciary duty and engaging in transactions prohibited by ERISA’s prohibited transactions provisions, and/or that Jim Casey misrepresented that the AXA variable annuity was sold without a sales load. These lawsuits and/or complaints are currently pending, with the largest seeking damages of $8,405,000.
FINRA reports that a complaint was filed involving Jim Casey’s conduct with Integrated Wealth Management. According to FINRA, the customer believes they have been the victim of one or more schemes involving Jim Casey to deprive them of real and personal property. According to FINRA, the customer alleged that on 9/8/2005 a CRT was established naming Jim Casey as the trustee and the customer as the remainder beneficiary of a specified Property in Texas. According to FINRA, the customer claims that subsequently this Property was conveyed by Jim Casey to an entity controlled by Jim Casey named Team Jupiter in 2007 and 2016 without adequate advice or disclosures. According to FINRA, the customers also claims Jim Casey was not planning to make payments on these promissory notes. According to FINRA, the customer alleged that the grantor of the CRT formed in 2005 passed away. According to FINRA, the customer alleged that Jim Casey granted a secured claim against the Property in Texas to a third party in the amount of approximately $1.3 million. Customer claims it has incurred legal fees and uncertainty in the value of its assets. This complaint seeks $687,000 in damages.
FINRA reports that it is currently investigating the matter to determine whether violations of the federal securities laws of FINRA, NASD, NYSE, or MSRB rules occurred related to the client complaint made by Erica Murray, which has been previously disclosed.
If you lost any money on investments or promissory notes with Jim Casey, you may be able to recover your losses from Purshe Kaplan Sterling Investments. This is because Purshe Kaplan Sterling Investments had a duty to supervise Jim Casey.
If you lost money on investments or promissory notes with Jim Casey 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 Purshe Kaplan Sterling Investments concerning Jim Casey’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 investments or promissory notes with Jim Casey 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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