Goodman & Nekvasil P.A., May Recover Investor Losses – John M. James (John James) Fired by Stifel, Nicolaus & Company, Incorporated and Resigned from Merrill Lynch, Pierce, Fenner & Smith Incorporated
From March 2016 until John James’s firing in September 2016, John James was licensed with Stifel, Nicolaus & Company, Incorporated. John James was previously licensed with Merrill Lynch, Pierce, Fenner & Smith Incorporated. According to FINRA’s records, John James was fired by Stifel, Nicolaus & Company, Incorporated on September 6, 2016. Stifel, Nicolaus & Company, Incorporated reported to FINRA that John James was accused of providing inaccurate information on John James’ employment application with member firm regarding the status of an internal inquiry at John James’ prior firm.
Prior to John James’ firing by Stifel, Nicolaus & Company, Incorporated FINRA reports that John James resigned from Merrill Lynch, Pierce, Fenner & Smith Incorporated on March 2, 2016. Merrill Lynch, Pierce, Fenner & Smith Incorporated reported to FINRA that John James was accused of engaging in undisclosed outside business activity/private investments and borrowing money from clients.
FINRA also reports that an arbitration claim was filed involving John James’ conduct with Merrill Lynch, Pierce, Fenner & Smith Incorporated, alleging unsuitable investment recommendations. This arbitration claim was settled for $160,000.
If you lost any money on investments with John James, you may be able to recover your losses from Stifel, Nicolaus & Company, Incorporated and/or Merrill Lynch, Pierce, Fenner & Smith Incorporated. This is because Stifel, Nicolaus & Company, Incorporated and Merrill Lynch, Pierce, Fenner & Smith Incorporated had a duty to supervise John James.
If you lost money on investments with John James 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 Merrill Lynch, Pierce, Fenner & Smith Incorporated concerning John James’ 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 John James 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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