- January 13, 2019
- Commonwealth Financial Network
The Wolper Law Firm is currently investigating claims against James Austin King III, a Financial Adviser at Commonwealth Financial Network in Greensboro, North Carolina. James King III has been in the securities industry since the 1990s and previously worked at WS Griffith Securities.
According to publicly available records released by the Financial Industry Regulatory Authority (FINRA), James King has been the subject of seven customer complaints or arbitrations since 2007, in which customers have alleged sales practice violations. The common allegation among most of these complaints is that James King “promised
[an]
inflated rate of return” to the client.
Of these complaints, four went to a final arbitration hearing in 2017 and three awards of $129,000, $550,000, and $128,000 were made to the customer.
For a full copy of James Austin King’s CRD, click https://brokercheck.finra.org/individual/summary/2865236#disclosuresSection.
Financial advisors have a legal and regulatory obligation to recommend only suitable investments that are appropriate for their clients’ needs and objectives. Their employing brokerage firm has a legal and regulatory obligation to supervise the Financial Advisors’ sales practices and dealings with clients. To the extent any of these duties are breached, the customer may be entitled to a recovery of his or her investment losses.
The Wolper Law Firm is interested in speaking with clients of James King as part of its investigation. We can be reached at 800.931.8452 or by email at mwolper@wolperlawfirm.com. The Wolper Law Firm represents investors nationwide in securities litigation and arbitration on a contingency fee basis. Matt Wolper, the Managing Principal of the Wolper Law Firm, is a trial lawyer who has handled hundreds of securities cases during his career involving a wide range of products, strategies and securities. Prior to representing investors, he was a partner with a national law firm, where he represented some of the largest banks and brokerage firms in the world in securities matters.
Attorney Matthew Wolper
Matt Wolper is a trial lawyer who focuses exclusively on securities litigation and arbitration. Mr. Wolper has handled hundreds of securities matters nationwide before the Financial Industry Regulatory Authority (FINRA), American Arbitration Association (“AAA”), JAMS, and in state and federal court. Mr. Wolper has handled and tried cases involving complex financial products and strategies ranging from traditional stocks and bonds to options, margin and other securities-based lending products, closed/open-end mutual funds, structured products, hedge funds, and penny stocks. [Attorney Bio]