James Tracy Stines (also known as Tracy Stines), of Richmond, Virginia, a stockbroker formerly registered with BB&T Securities LLC, is the subject of a customer initiated investment related written complaint which was resolved for $75,000.00 on September 30, 2020, supported by allegations that the customer’s instructions of liquidating a mutual fund had not been followed by Stines when he was registered with BB&T Securities.
This is the second time that Stines has been accused of wrongdoing by a customer of a securities broker dealer. FINRA Public Disclosure also shows that a customer filed an investment related complaint concerning Stines’ conduct where they sought compensatory damages based upon accusations that unsuitable mutual fund trades were effected in their account by Stines while he was employed by Prudential Securities Incorporated in 2001. The complaint alleges that Stines engaged in unauthorized trading of mutual funds, resulting in damages to the customer. The complaint was subsequently withdrawn by the customer.
Stines’ stockbroker and investment adviser representative registrations with BB&T Securities have been terminated on February 17, 2021. Between February 17, 2021, and April 30, 2021, Stines was registered with Truist Investment Services Inc. as a stockbroker and Truist Advisory Services as an investment adviser representative. Since April 30, 2021, he has been registered with Morgan Stanley as a stockbroker and investment adviser representative.
