JAMES CALDER AND LIFE PARTNERS, INC.
Have you lost money with financial advisor James Calder in Life Partners, Inc.? We are continuing our investigation into allegations made by FINRA (the Financial Industry Regulatory Authority) against James D. Calder II. FINRA alleged that Calder had sold investments in Life Partners, Inc., a purported life settlement firm, during 2010. It was further alleged that Calder failed to disclose these sales his brokerage firm, Raymond James Financial Services, and that Raymond James previously denied his request to sell Life Partners investments.
Life Partners, Inc. has been called “one of the largest frauds in Texas” by the Trustee overseeing Life Partners, Inc.’s bankruptcy, according to a Wall Street Journal article. Life Partners, Inc. filed for bankruptcy in January 2015, and it is uncertain whether investors will get their money back.
James Calder agreed to settle the claims with FINRA. He agreed to pay a $15,000 fine and to a six-month suspension from the securities industry.
James Calder was a registered representative and advisor with Raymond James Financial Services from 2002 to March 2016. He was assigned to a branch office in Borger, Texas. Calder has been the subject of one complaint alleging losses related to Life Partners.
Israels & Neuman PLC is a securities and investment fraud law firm with offices in Bellevue, Washington, and Denver, Colorado. We represent investors in all 50 states, including investors throughout Texas. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including Raymond James Financial Services.
Click to view: Calder, James FINRA AWC
Click to view: Calder, James BrokerCheck 2.3.17
IF YOU LOST MONEY WITH JAMES CALDER OR LIFE PARTNERS, INC., PLEASE CONTACT US AT (206) 795-5798 FOR A FREE EVALUATION OF YOUR CASE.
Israels & Neuman, PLC is a private law firm and is not affiliated with any government or law enforcement agency. Any investigation referenced in this blog is independent in nature and is being conducted by our law firm privately, not in conjunction with any government or law enforcement agency. All information contained in this blog should be deemed statements of opinion derived from the author’s review of public records, not statements of fact. This blog is advertising material and does not create an attorney client relationship, nor does it constitute legal advice. Everyone’s situation is different and the question of whether or not you have a claim will vary on a case-by-case basis. In contingent representation, clients may still be liable for costs.