The securities fraud attorneys at Meyer Wilson are currently investigating claims against former broker James E. Mahan (CRD# 5787176).
On July 25, 2016, the Financial Industry Regulatory Authority (FINRA) permanently barred former Raymond James Financial Services, Inc. broker James Mahan (CRD# 5787176) “from acting as a broker or otherwise associating with firms that sell securities to the public.”
According to FINRA, Mahan’s previous employer, J.P. Morgan Securities LLC, had filed an amended Uniform Termination Notice reporting that he was under internal review after recommending an unapproved outside investment to one of the firm’s clients. FINRA Rule 8210 gives FINRA the authority to require a registered broker to, “provide information orally, in writing, or electronically … and to testify at a location specified by FINRA Staff, under oath or affirmation … with respect to any matter involved in the investigation.” Mahan failed to do so, thereby violating FINRA Rules 8210 and 2010.
Without admitting or denying the findings, Mahan signed a Letter of Acceptance, Waiver and Consent consenting to FINRA’s sanctions on July 12, 2016.
He was registered with Raymond James Financial Services, Inc. based out of New Braunfels, TX at the time of FINRA’s sanctions. He was previously registered with:
- J.P. Morgan Securities LLC based out of New Braunfels, TX
- Merrill Lynch, Pierce, Fenner & Smith Incorporated based out of San Antonio, TX
- Chase Investment Services Corp. based out of New Braunfels, TX
Contact the securities fraud attorneys at Meyer Wilson for a free case consultation today if you lost money investing with former Raymond James Financial Services, Inc. broker James Mahan.
Recovering Losses Caused by Investment Misconduct.