Goodman & Nekvasil P.A, May Recover Investor Losses – James Michael Sarkauskas Sr. (James Sarkauskas) Barred from the Securities Industry by the SEC
James Sarkauskas was licensed with Western International Securities, Inc. from 2006 to 2011. James Sarkauskas was also the founder, president and chief compliance officer of Sarkauskas and Associates, Inc. James Sarkauskas was disgorged for $331,433.98, fined $118,403.22, and barred from association with any broker, dealer, investment adviser, municipal securities dealer, municipal advisor, transfer agent, participating in any offering of penny stock, and association with any nationally recognized statistical rating organization by the SEC on September 13, 2013.
The SEC reported to FINRA that the Commission found that James Sarkauskas, the Principal of an investment adviser, violated Sections 206(1) and (2) of the Advisers Act when James Sarkauskas purchased unit investment trust (UIT) units bearing transactional sales charges in their clients’ accounts without disclosing that identical UIT Units sold at net asset value (NAV) with no transactional sales charges (“no-load”) were available for purchase and that the purchases of the units bearing transactional sales charges substantially increased the investment adviser’s compensation, thereby creating a conflict of interest. The SEC reported to FINRA that the adviser, through James Sarkauskas, collected $331,433.98 in such sales charges in addition to the adviser’s asset management fees.
If you lost money on investments with James Sarkauskas 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 Western International Securities, Inc. concerning James Sarkauskas’ 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 with James Sarkauskas 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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