James Royal Kirchner of Chicago Illinois a stockbroker formerly employed by David A. Noyes is the subject of a customer initiated investment related arbitration claim that was resolved for $90,000.00 in damages supported by accusations that the customer had been placed into unsuitable alternative investments including direct participation program interests and limited partnership interests during the time that Kirchner was associated with David A. Noyes. Financial Industry Regulatory Authority (FINRA) Arbitration No. 20-00871 (Apr. 22, 2020).
FINRA Public Disclosure confirms that Kirchner has been identified in six additional customer initiated investment related disputes regarding allegations of Kirchner’s misbehavior when he was employed with David A. Noyes and UBS Financial Services. Kirchner is the subject of a customer initiated investment related arbitration claim in which the customer was awarded $15,642.26 in damages based on Kirchner and UBS being found liable on the customer’s claims of unauthorized and unsuitable over-the-counter equities transactions which had been effected during the period in which Kirchner was registered with UBS Financial Services.
On December 20, 2019, another customer initiated investment related arbitration complaint involving Kirchner’s conduct was settled for $15,000.00 in damages based upon accusations that the customer had not been provided with important information from Kirchner in regard to the use of margin. The stockbroker is also referenced in a customer initiated investment related arbitration claim that was resolved for $165,000.00 in damages founded on allegations of private placement sales that failed to be suitable for the customer and which caused the customer to incur losses. FINRA Arbitration No. 19-01397 (Apr. 22, 2020).
Kirchner is the subject of another customer initiated investment related arbitration claim which was settled on April 22, 2020 for $50,000.00 in damages supported by accusations of bad direct participation program interests and private placements being sold to the David A. Noyes customer. FINRA Arbitration No. 19-01583. Another customer initiated investment related arbitration claim involving Kirchner’s activities was resolved for $145,000.00 in damages based upon allegations that the customer was sold inappropriate private placements between 2016 and 2017. FINRA Arbitration No. 20-00114 (Apr. 22, 2020).
Kirchner’s employment with David A. Noyes has been terminated as of December 19, 2018. Between January 4, 2019 and September 27, 2019, he was employed by IFS Securities. The stockbroker was also registered with Cabot Lodge Securities LLC between September 25, 2019 and March 3, 2020.
