Goodman & Nekvasil P.A., May Recover Investor Losses – James Singcham Ho (James Ho) Suspended from Securities Industry and Fired by Ameritas Investment Corp.
From 2009 until James Ho’s firing in 2014, James Ho was licensed with Ameritas Investment Corp. According to FINRA’s records, James Ho was fired by Ameritas Investment Corp. on November 10, 2014. Ameritas Investment Corp. reported to FINRA that James Ho engaged a non-licensed individual to solicit and sell variable products to clients.
Subsequent to James Ho’s firing by Ameritas Investment Corp., FINRA investigated James Ho and brought a disciplinary action against James Ho. James Ho consented to a 3 month suspension from the securities and investment banking industry and a $10,000 fine. James Ho also consented to findings that James Ho paid approximately $275,000 to an unregistered individual for such individual’s solicitation and sales of variable universal life insurance policies to customers through James Ho’s member firm for which James Ho was indicated as the broker of record. The findings stated that James Ho’s payments to the unregistered individual constituted part of James Ho’s own commissions received for the sales of such policies. The findings also stated that James Ho stated on Ameritas Investment Corp.’s books and records that James Ho was the broker of record for such life insurance policies when James Ho had not participated in the sales. Therefore, according to FINRA, James Ho caused Ameritas Investment Corp.’s books and records to be inaccurate.
If you lost any money on investments with James Ho, you may be able to recover your losses from Ameritas Investment Corp. This is because Ameritas Investment Corp. had a duty to supervise James Ho.
If you lost money on investments with James Ho 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 Ameritas Investment Corp. concerning James Ho’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 with James Ho 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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