James Michael Casey, of Palm Desert, California, a stockbroker formerly registered with Purshe Kaplan Sterling Investments, is the subject of a customer initiated investment related arbitration claim on May 18, 2017, in which the customer requested $50,000.00 in damages based upon allegations that Casey made misrepresentations to the customer by claiming that there was no sales load to be incurred by the customer in the purchase of a variable annuity.
Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Casey has been identified in four additional customer initiated investment related disputes containing allegations of Casey’s misconduct while employed with Purshe Kaplan Sterling Investments and Integrated Wealth Management, Inc. Specifically, on February 25, 2015, a customer filed an investment related civil action involving Casey’s conduct, wherein the customer’s claim was founded upon allegations that Casey effected unauthorized transactions in the customer’s account.
Further, on April 17, 2017, a customer filed an investment related civil action regarding Casey’s activities, in which the customer sought $8,405,000.00 in damages based upon allegations that Casey breached his fiduciary duties as well as effected unauthorized variable annuity transactions and loan arrangements. Moreover, on June 21, 2017, a customer filed an investment related written complaint involving Casey’s conduct, in which the customer requested $687,000.00 in damages based upon allegations that Casey effected a faulty scheme that involved a customer’s funds having been transferred to a company that Casey controlled.
Casey’s registration with Purshe Kaplan Sterling Investments was terminated as of May 31, 2017.
Guiliano Law Group
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