James King of Winston-Salem North Carolina a stockbroker currently registered with Commonwealth Financial Network is the subject of a customer initiated investment related arbitration claim where the customer sought $470,000.00 in damages supported by allegations of (1) false or misleading statements being made to the customer regarding the returns on mutual fund investments and (2) improper inducement of the customer to retire early and execute 72(t) individual retirement account distributions. Financial Industry Regulatory Authority (FINRA) Arbitration No. 17-01207 (May 10, 2017).
FINRA Public Disclosure confirms that King has been identified in four additional customer initiated investment related disputes containing accusations of her violative conduct during the time that she was associated with Commonwealth Financial Network. Specifically, on August 12, 2007, a customer filed an investment related complaint concerning King’s conduct in which the customer requested $6,500.00 in damages based upon allegations that the customer was inappropriately charged commissions on mutual fund investments held in the customer’s account.
Then, King was subject of a customer initiated investment related arbitration claim where the customer was awarded $580,000.00 in damages according to findings that Commonwealth Financial Network’s advisor made misrepresentations to the customer concerning individual retirement account distributions, and invested the customer’s assets in a manner which failed to reflect the customer’s objectives and financial circumstances. FINRA Arbitration No. 13-03014 (Nov. 10, 2014).
Subsequently, a customer filed an investment related arbitration claim concerning King’s activities in which the customer sought $500,000.00 in damages founded on accusations that the customer was provided erroneous assurances regarding the mutual fund returns to be generated in the customer’s retirement. FINRA Arbitration No. 17-01205 (May 16, 2017).
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