James Royal Kirchner of Indianapolis Indiana a stockbroker formerly registered with David A. Noyes Company is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer sought $250,000.00 in damages based upon allegations that the customer had been placed into alternative investments that failed to be suitable for them while Kirchner was registered with David A. Noyes. Financial Industry Regulatory Authority (FINRA) Arbitration No. 20-03655 (Nov. 11, 2020).

Kirchner has been identified in nine additional customer initiated investment related disputes involving accusations of his misconduct during the period that he was employed by securities broker dealers including UBS Financial Services and David A. Noyes. Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Kirchner is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer was awarded $15,642.26 in compensatory damages based on Kirchner being found liable on the customer’s claims of unauthorized fund disbursements and unauthorized trading of over-the-counter equities during the time that Kirchner was registered with UBS Financial Services.

Another customer filed an investment related arbitration claim involving Kirchner’s activities in which the customer requested more than $5,000.00 in damages founded on allegations that the stockbroker neglected to comply with the customer’s instructions of liquidating stock shares that were held in their UBS Financial Services account.

Kirchner is also the subject of a customer initiated investment related FINRA securities arbitration claim which was settled for $145,000.00 in damages supported by accusations that private placement purchases from 2016 and 2017 were unsuitable for the David A. Noyes customer. FINRA Arbitration No. 20-00114 (Apr. 22, 2020). Also on April 22, 2020, a customer initiated investment related FINRA securities arbitration claim concerning Kirchner’s conduct was settled for $90,000.00 in damages based upon allegations of unsuitable alternative investments including direct participation programs (DPPs) and limited partnerships (LIPs) when Kirchner was associated with David A. Noyes. FINRA Arbitration No. 20-00871.

Kirchner is referenced in a different customer initiated investment related FINRA securities arbitration claim where the customer sought $50,000.00 in damages founded on accusations that private placement transactions effected at David A. Noyes were not suitable for them. FINRA Arbitration No. 20-02802 (Oct. 16, 2020). On November 11, 2020, a customer filed an investment related arbitration claim involving Kirchner’s conduct in which the customer requested $101,000.00 in damages supported by allegations of suitability relating to Kirchner’s alternative investment sales. FINRA Arbitration No. 20-02527.

Kirchner was registered with David A. Noyes between September 22, 2014 and December 19, 2018. He was also registered with IFS Securities between January 4, 2019 and September 27, 2019, and with Cabot Lodge Securities between September 25, 2019 and March 3, 2020.

Tags: ,

Comments are closed.