James Walter Ignatowich, of Boca Raton, Florida, a stockbroker formerly registered with Newbridge Securities Corporation, has been named in a customer initiated investment related arbitration claim on December 21, 2016, in which the customer requested $61,469.00 in damages based upon allegations that Ignatowich violated the Iowa Securities Act, made misrepresentations to the customer, negligently handled the customer’s investment account, breached his fiduciary duties, and effected unsuitable transactions in the customer’s account pertaining to corporate debt and over-the-counter equity products.
Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Ignatowich has been identified in nine additional customer initiated investment related disputes containing allegations of his misconduct while employed with Prime Charter, Ltd., First Republic Group, LLC, Eastbrook Capital Group LLC, and Investors Capital Corp. Specifically, on August 31, 2000, a customer filed an investment related complaint involving Ignatowich’s conduct, in which the customer requested $19,860.00 in damages based upon allegations that Ignatowich misinformed the customer pertaining to over-the-counter equities which the customer purchased and sold.
Subsequently, on May 31, 2001, a customer initiated investment related complaint regarding Ignatowich’s actions was settled for $9,999.00 in damages based upon allegations that Ignatowich effected trades in the customer’s account on an excessive basis, utilized the customer’s margin in an inappropriate manner, effected unauthorized equity trades in the customer’s account, and did not appropriately diversify the customer’s holdings.
On February 1, 2003, a customer initiated investment related arbitration claim involving Ignatowich’s conduct was settled for $24,000.00 in damages based upon allegations that Ignatowich effected unauthorized and unsuitable trades, churned the customer’s account, and made fraudulent misrepresentations to the customer pertaining to over-the-counter equities. Additionally, the customer alleged that Prime Charter, Ltd. failed to adequately supervise Ignatowich’s activities.
Additionally, on August 23, 2006, a customer filed an investment related complaint pertaining to Ignatowich’s actions, in which the customer requested $19,646.00 in damages based upon allegations that Ignatowich placed equity trades in the customer’s account without authorization. On August 30, 2006, another a customer filed an investment related complaint regarding Ignatowich’s conduct, in which the customer requested $13,138.00 in damages based upon allegations that Ignatowich effected unauthorized corporate debt trades in the customer’s account.
Further, on September 20, 2006, a customer initiated investment related written complaint involving Ignatowich’s conduct was settled, in which the customer claimed $11,172.00 in damages bases upon allegations that Ignatowich placed trades in the customer’s account without authorization. On April 29, 2008, another customer filed an investment related complaint regarding Ignatowich’s activities, in which the customer requested $16,032.00 in damages based upon allegations that Ignatowich effected unauthorized over-the-counter equity trades in the customer’s account.
Additionally, on December 17, 2013, a customer initiated investment related complaint involving Ignatowich’s conduct was settled for $170,000.00 in damages based upon allegations that Ignatowich effected equities and asset-backed debt transactions in the customer’s account which were not suitable, and which caused the customer to sustain losses. On June 3, 2014, another customer filed an investment related written complaint regarding Ignatowich’s activities, in which the customer requested $35,000.00 in damages based upon allegations that Ignatowich effected unsuitable equity transactions in the customer’s account.
FINRA Public Disclosure reveals that Ignatowich has additionally been subject of three regulatory actions containing allegations of misconduct. Particularly, Ignatowich was fined $87,500.00, subject of a cease and desist order, and temporarily barred for nine months from conducting securities business in the State of New Hampshire based upon consenting to findings that he engaged in illegal telemarketing practices, and provided misleading and false information to a securities regulator during an investigation into his misconduct. Case No. I-201400009 (Mar. 24, 2015).
Subsequently, Ignatowich was permanently barred by the State of New Hampshire for violating the terms of a January 13, 2016 Consent Order. Case No. I-2016000008 (Apr. 5, 2016). Subsequently, Ignatowich was permanently barred from associating with any FINRA member in any capacity based upon allegations that Ignatowich did not provide FINRA with a response to an information request. Case No. 2014040158901 (Oct. 11, 2016).
Guiliano Law Group
Our practice is limited to the representation of investors. We accept representation on a contingent fee basis, meaning there is no cost to you unless we make a recovery for you. There is never any charge for a consultation or an evaluation of your claim. For more information, contact us at (877) SEC-ATTY.
