The Financial Industry Regulatory Authority (FINRA) recently barred former broker James Starks after he allegedly violated FINRA rules. FINRA had opened an investigation into Starks alleging potential willful violations of securities fraud laws. Brokers have a responsibility to treat investors fairly which includes obligations such as making only suitable investments for the client. There must be a reasonable basis for the recommendation of the product or security and the broker must do his due diligence. If he does not, his brokerage firm or former brokerage firm can be held liable for investment losses incurred. Stoltmann Law Offices has sued dozens of brokerage firms in the FINRA arbitration forum to recover investment losses for clients. We take cases on a contingency fee basis only so we only make money if you recover yours. Starks was registered with E1 Asset Management in New York, New York from April 2006 until August 2010, PHD Capital in New York from August 2010 until June 2011 and Caldwell International Securities in Fischer, Texas from June 2011 until April 2015. He has one criminal charge against him, which is pending.
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