James Andrew Geake (also known as Jim Geake) of Skokie, Illinois, a stockbroker formerly registered with Madison Avenue Securities, is referenced in a customer initiated investment related FINRA arbitration claim which was settled for $450,000.00 in damages supported by accusations of unsuitable recommendations by Geake regarding alternative investments, including Hospitality Investors Trust, during the time that Geake was employed by Madison Avenue Securities. Financial Industry Regulatory Authority (FINRA) Arbitration No. 21-01620 (November 29, 2021). According to the claim, the customer experienced losses on real estate securities, direct participation programs, and limited partnership interests.
FINRA Public Disclosure shows that Geake has been identified in 11 additional customer initiated investment related disputes containing allegations of his conduct during the period that he was associated with securities broker dealers, including Madison Avenue Securities LLC. Geake is identified in a customer initiated investment related written complaint which was resolved for $14,900.00 on October 8, 2018, founded on accusations of unsuitable real estate security transactions by Geake in September of 2018 when he was associated with Madison Avenue Securities.
Geake is also the subject of a customer initiated investment related written complaint on January 16, 2019, in which the customer sought compensatory damages based upon allegations of unsuitable advice by Geake as it pertained to insurance and illiquid direct investments through Geake at Madison Avenue Securities.
On April 25, 2019, another customer initiated investment related arbitration claim regarding Geake’s activities was settled for $12,500.00 in damages supported by accusations of Geake placing the customer in underperforming alternative investments, including real estate securities. FINRA Arbitration No. 19-00310.
On June 7, 2019, a different customer initiated investment related arbitration claim concerning Geake’s conduct was resolved for $155,000.00 in damages founded on allegations of misrepresentations relating to alternative investments and fixed indexed annuities. FINRA Arbitration No. 2018-01432. The claim alleges that the customer was placed into unsuitable products resulting in damages.
Geake is also referenced in a customer initiated investment related arbitration claim which was settled for $17,500.00 in damages based upon accusations of unsuitable trading, negligence, and breach of fiduciary duty concerning direct participation program interests, limited partnership interests, and real estate securities. FINRA Arbitration No. 19-01258 (July 2, 2019). According to the claim, alternative investments were misrepresented by the Madison Avenue Securities stockbroker.
Geake is identified in another customer initiated investment related written complaint on November 5, 2020, where the customer requested unspecified compensatory damages supported by allegations of poor investment recommendations relating to DPPs and LPs by Geake at Madison Avenue Securities.
On December 9, 2020, an additional customer initiated investment related complaint involving Geake’s activities was resolved for $20,000.00 in damages founded on accusations of Geake’s unsuitable advice concerning BDCA while he was registered with Madison Avenue Securities.
Geake has been employed by Madison Avenue Securities as a stockbroker since November 22, 2006, and as an investment adviser representative since March 25, 2009.
