Ernest James Cox of La Quinta California is a stockbroker formerly registered with Commonwealth Financial Network who is the subject of a customer initiated investment related written complaint which settled on November 28, 2016 for $15,000.00 in damages founded on allegations that the customer’s funds according to an options and equities strategy that was not suitable for the customer.
Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that Cox has been identified in three additional customer initiated investment related disputes containing accusations of his misconduct while employed with Commonwealth Financial Network. Specifically, on October 31, 2016, a customer initiated investment related written complaint regarding Cox’s activities was resolved for $35,000.00 in damages supported by allegations of unsuitable stock transactions having been effected in the customer’s investment account.
Subsequently, a customer initiated investment related arbitration claim involving Cox’s conduct was settled for $110,000.00 in damages based upon accusations that Cox executed inappropriate naked put options transactions in the customer’s investment portfolio. FINRA Arbitration No. 15-02315 (Dec. 16, 2015). Then, on September 19, 2016, a customer initiated investment related written complaint regarding Cox’s activities was resolved for $75,000.00 in damages founded on allegations that unsuitable options transactions were effected in the customer’s investment account.
Cox’s employment with Commonwealth Financial Network was terminated on February 29, 2016. Since April 19, 2016, Cox has been associated with Independent Financial Group, LLC.
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