James Edmond Moniz (also known as James E. McGowan-Moniz) of West Palm Beach Florida a stockbroker formerly associated with Essex Securities LLC has been sanctioned by the Massachusetts Securities Division based in part upon findings that he has been subject of customer disputes and that he has been sanctioned by the regulator as well as Financial Industry Regulatory Authority (FINRA). Case No. R-2020-0013 (Apr. 3, 2020).
FINRA Public Disclosure reveals that Moniz has been identified in fourteen customer initiated investment related disputes concerning accusations of his misconduct when the stockbroker was employed with securities broker dealers including Signator Investors. A customer initiated investment related civil action that was brought in the Trial Court of the Commonwealth of Massachusetts regarding Moniz’s conduct has been resolved for $30,000.00 in damages based upon accusations that the customer was defrauded and that contractual obligations to the customer were breached as it pertained to insurance transactions initiated by Moniz. Civil Action No. 1772CV00097 (Sept. 1, 2017).
On August 18, 2017, a customer filed an investment related complaint involving Moniz’s conduct in which the customer requested unspecified damages based upon allegations that the Signator Investors customer had been placed into a policy that failed to be suitable for the customer. On January 22, 2018, another customer initiated investment related complaint involving Moniz’s conduct was settled for $90,000.00 in damages based upon allegations that the customer had been advised by Moniz to purchase unaffordable insurance and that misrepresentations had been made to the customer by Moniz regarding his services.
Moniz has been identified in a customer initiated investment related complaint which was settled on April 11, 2018 to resolve accusations that the customer was taken advantage of through being sold a policy that was unsuitable for the customer’s circumstances while Moniz was employed by Signator Investors.
FINRA Public Disclosure confirms that Moniz has also been fined $25,000.00 and suspended for six months from associating with any FINRA member in any capacity based on findings that Moniz provided unsuitable recommendations to a customer and had engaged in unauthorized activities. Letter of Acceptance Waiver and Consent No. 2013036095001.
Moniz has been employed by Supreme Alliance LLC since November 18, 2019.
