Financial Services Broker James Ham Barred

Roy Rogers, a wholly owned subsidiary of the Marriot Host Corporation, is commonly known as the purveyor of the Double R Bar Burger, which in fact is a hamburger topped with ham. It is quite delicious, particularly when topped with Texas style barbeque sauce.   However, except at isolated rest stops on the New Jersey Turnpike, Roy Rogers and the Double R Bar Burger are generally unavailable in all of America or the Great US of A.

So is the case with First Independent Financial Services broker James Ham, also known as Mike Ham from Dallas, Texas. He too is unavailable, at least unavailable to speak with the Financial Industry Regulatory Authority as to why he deposited $170,000 of customer funds in an outside business activity. As a result Ham was fired, or forced to resign, from two different brokerage firms. After going bankrupt, he later became the subject of unsatisfied liens and judgments, to the tune of $280,140, and was barred by FINRA.

According to FINRA

On May 14,2015, during the course of an investigation into the circumstances surrounding a Firm customer’s deposit of approximately $170,000 into Ham’s undisclosed outside business, FINRA Enforcement sent a letter to Ham, pursuant to FINRA Rule 8210, requesting that he appear for testimony on May 18,2015. Pursuant to an e-mail from Ham’s attorney to FINRA staff dated May 14,2015, and by this agreement, Ham acknowledges that he received FINRA’s request and that he will not cooperate with Enforcement’s investigation at any time.

On May 18, 2015, Ham failed to appear and provide testimony, and approximately one month later, on June 12, 2015, Ham was barred for life from association with any member in any capacity.

Now that Mr. Ham has some free time on his hands to concentrate on his outside business activity, perhaps his customer one day may get back their $170,000 investment.

First Independent Financial Services Failure to Supervise

In the meantime, as First Independent Financial Services has a duty to supervise Mr. Ham, and is generally liable for his conduct, investors investing in Mr. Ham’s outside business activities ought to call us.

Guiliano Law Group

Investors suffering losses or damages from such conduct may be able to recover their investment losses. Our practice is limited to the representation of investors in claims, for fraud in connection with the sale of securities, the sale or recommendation of excessively risky or unsuitable securities, breach of fiduciary duty, and the failure to supervise. We accept representation on a contingent fee basis, meaning there is no cost to you unless we make a recovery for you, and there is never any charge for a consultation or an evaluation of your claim. For more information contact us at (877) SEC-ATTY.

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