James D. Parises of Henderson Nevada a stockbroker currently registered with Wells Fargo Clearing Services LLC is the subject of a customer initiated investment related arbitration claim which was resolved for $65,000.00 in damages supported by allegations that Parises sustained unwarranted investment losses on equities held in the customer’s account. Financial Industry Regulatory Authority (FINRA) Arbitration No. 17-01058 (Feb. 21, 2018).
FINRA Public Disclosure reveals that Parises is referenced in four more customer initiated investment related disputes pertaining to accusations of Parises’ misconduct while employed with Wells Fargo Clearing Services and Prudential Securities Incorporated. Specifically, a customer initiated investment related arbitration claim involving Parises’ activities was settled after the customer sought $700,000.00 in damages based upon allegations of sales practice violations having been committed. National Association of Securities Dealers (NASD) Arbitration No. 92-03243.
Thereafter, a customer initiated investment related complaint involving Parises’ conduct was resolved for $10,000.00 in damages founded on accusations that the customer was sold unsuitable direct participation program or limited partnership interests. Then, a customer initiated investment related arbitration claim regarding Parises’ activities was settled for $25,000.00 in damages supported by allegations that options trades were executed by Parises in the customer’s account on an excessive and unsuitable basis. NASD Arbitration No. 97-02830. Thereafter, on February 25, 2016, a customer initiated investment related complaint concerning Parises’ conduct was resolved for $276,204.70 in damages based upon accusations that misrepresentations had been made to the customer concerning the terms and conditions of a variable annuity investment.
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