James Joseph Zegers of Albany New York a stockbroker formerly registered with Voya Financial Advisors Inc. has been referenced in a customer initiated investment related arbitration claim which was resolved for $34,000.00 in damages supported by allegations that the customer was negligently placed in NorthStar REIT while Zegers was associated with Voya Financial Advisors. Financial Industry Regulatory Authority (FINRA) Arbitration No. 19-00135 (Nov. 4, 2019).
According to the claim, a contract between the customer and the securities broker dealer had been breached. The stockbroker’s transactions were allegedly unsupervised. The claim also alleges that the customer’s investment portfolio was not diversified.
This is not the first time that Zegers has been involved in a customer dispute concerning allegations of his unsuitable actions. On April 16, 2018, a customer filed an investment related complaint involving Zegers’ activities where the customer requested $8,400.00 in damages founded on accusations that the customer was told by Zegers that a real estate security would generate eight percent annual returns on a guaranteed basis.
Zegers’ registration with Voya Financial Advisors was terminated on August 22, 2016. Between August 19, 2016 and December 7, 2018, Zegers was associated with LPL Financial LLC.
