James Anthony Nelson, of Evans City, Pennsylvania, a stockbroker formerly registered with LPL Financial, LLC, has been named in a customer initiated investment related written complaint on June 6, 2016, in which the customer requested more than $5,000.00 in damages based upon allegations that Nelson, from 2014 to 2016, made misrepresentations to the customer concerning variable universal life insurance policies, and effected the purchase of policies that were unsuitable for the customer.
Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Nelson has been named in five additional customer initiated investment related disputes concerning allegations of Nelson’s wrongdoing while he was associated with Private Ledger Corp. and LPL Financial, LLC. In particular, on May 19, 2005, a customer filed an investment related written complaint involving Nelson’s conduct, in which the customer requested $10,000.00 in damages based upon allegations that Nelson failed to execute upon the customer’s stop loss instructions in regard to the customer’s stock holdings.
Subsequently, on January 25, 2010, a customer initiated investment related complaint regarding Nelson’s activities was resolved for $71,493.45 in damages based upon allegations that Nelson did not follow the customer’s instructions to trade sub-account positions in the customer’s variable annuity. On January 5, 2016, another customer filed an investment related written complaint involving Nelson’s conduct, where the customer requested more than $5,000.00 in damages based upon allegations that Nelson placed mutual fund trades in the customer’s account without authorization.
Nelson’s registration with LPL Financial LLC was terminated on March 28, 2017. Since March 9, 2017, he has been associated with International Assets Advisory, LLC.
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