Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) on May 10, 2016 indicate that Massachusetts-based Wells Fargo Advisors broker James Connors is the subject of a pending customer complaint. The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Connors (CRD# 1361944).
James Connors has spent 25 years in the securities industry and has been registered with Wells Fargo Advisors in Boston, Massachusetts since 2003. He was previously registered with Prudential Securities in New York, New York (1991-2003). He is a registered broker with three US states: Maine, Massachusetts, and New Hampshire.
According to his BrokerCheck report, James Connors has received one pending customer complaint and one closed customer complaint.
In 2014, a customer alleged that James Connors, while employed at Wells Fargo Advisors, failed to supervise a financial advisor who allegedly misrepresented material facts regarding a variable annuity purchased in October 2006. The customer is seeking $500,000 in damages in the pending complaint.
In 2003, a customer alleged that James Connors, while employed at Prudential Securities, failed to properly supervise her account, resulting in losses. The customer sought $548,354 in damages in the complaint, which was closed.
FINRA Rule 3110(a)(2) requires broker-dealer firms to assign “an appropriately registered principal(s)” to perform supervisory duties for every type of business the firm conducts. Principals are required to ensure the compliance of individual representatives as well as the firm as a whole. Relevant issues including the representatives’ character and qualifications, outside employment, and regulation of business transactions. Representatives may not engage in outside business activities or securities transactions without providing written notice to their supervising principals. Principals who fail in their supervisory duties may be subject to disciplinary action by FINRA or the Securities and Exchange Commission.
If you or someone you know has complaints regarding James Connors, call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. You may be entitled to recover lost funds. All cases are taken on a contingency basis: we only receive payment if and when you collect money. Time to file your claim may be limited, so we suggest you avoid delay. Call 877-238-4175 now to speak to an attorney for free.