Garland James and Garden State Securities, Inc.
Have you lost money with financial advisor Garland James of New York, New York? We are investigating allegations made by Alaska Division of Banking and Securities against his former firm, Garden State Securities. Alaska alleged that Garland James solicited an Alaska resident to invest in a company without being licensed there.
Alaska alleged that an Alaska investor received a cold call from Garland James, asking him to invest in Theravance, Inc., a risky biotechnology company. Garland James was not licensed in Alaska at the time. Alaska alleged that Garden State Securities failed to adequately supervise James and his solicitation to Alaska investors. To settle these allegations, Garden State Securities agreed to pay a $25,000 fine and agreed to withdraw its broker-dealer license from Alaska.
Garland James was a financial advisor and registered representative of Garden State Securities, Inc. from December 2014 to November 2015. He was also previously affiliated with Caldwell International Securities and numerous other broker-dealers. James has been the subject of at least nine customer complaints, six tax liens or judgments, a misdemeanor criminal matter, and has been terminated three times by brokerage firms, including his termination from Garden State. Garland James worked at a branch office in New York City.
Brokerage firms like Garden State Securities have a responsibility to adequately supervise all representatives who are registered through their firm. Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies. When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.
Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado and the Seattle area. We represent investors in FINRA arbitration proceedings in all 50 states, including investors in New York. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including LPL Financial, Merrill Lynch, Morgan Stanley, Smith Barney, Stifel Nicolaus & Company, UBS Financial Services, Oppenheimer, Charles Schwab, Wells Fargo Advisors, Ameriprise Financial Services, Raymond James, ProEquities, Securities America, National Securities Corp., and many others.
Click to view: Garden State AS AWC
Click to view: James BrokerCheck 2.23.16
HAVE YOU LOST MONEY WITH GARLAND JAMES or GARDEN STATE SECURITIES?
CONTACT ISRAELS & NEUMAN, PLC FOR A FREE CASE EVALUATION
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