Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) and accessed on November 6, 2017 indicate that New York-based Commonwealth Financial Network broker James Haskins is involved in a pending customer dispute. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Haskins (CRD# 2319076).
James Haskins has spent 24 years in the securities industry and has been registered with Commonwealth Financial Network in Syracuse, Buffalo, Poughkeepsie, and Vestal, New York since 2005. Previous registrations include American Express Financial Advisors in Minneapolis, Minnesota (1993-2005) and IDS Life Insurance Company in Minneapolis, Minnesota (1993-2005). He has passed two securities industry examinations: Series 63 (Uniform Securities Agent State Law Examination), which he obtained on March 9, 1993, and Series 7 (General Securities Representative Examination), which he obtained on April 15, 1993. He is a registered broker and investment adviser with 27 US states and territories.
According to his BrokerCheck report, he has received one pending customer complaint.
In August 2017 a customer alleged James Haskins, while employed at Commonwealth Financial Network, recommended retirement investments in variable annuity products, mutual funds, and real estate securities that were unsuitable and overly aggressive. The customer is seeking $550,000 in damages in the pending complaint.
Mr. Haskins’ member firm, Commonwealth Financial Network, has itself received 21 regulatory sanctions and 14 customer complaints that evolved into arbitrations, according to the firm’s BrokerCheck report.
In 2015 FINRA sanctioned the firm following allegations it failed to identify and apply sales charge discounts to certain clients’ eligible unit investment trust (UIT) purchases, causing customers to pay excessive charges of approximately $320,917. The firm was censured, ordered to pay restitution, and issued a fine of $225,000.
In 2013 the Massachusetts Securities Division sanctioned the firm following allegations its representatives “sold non-traded REITs [real estate investment trusts] in excess of Massachusetts heightened 10% concentration limits” required by the investment’s prospectus. The firm was censured, ordered to pay disgorgement and restitution, and issued a fine of $300,000.
If you or someone you know has lost money investing with James Haskins, call the experienced attorneys at Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup your losses. Fitapelli Kurta accepts all cases on a contingency basis: we only get paid if and when you collect money. Time to file your claim may be limited, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.