Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) on April 11, 2017 indicate that former Texas-based First Independent Financial Services broker/adviser James Ham has been sanctioned by FINRA and barred from acting as a broker or otherwise associating with firms that sell securities to the public. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Ham (CRD# 1865836).
James Ham has spent 25 years in the securities industry and was most recently registered with First Independent Financial Services in Dallas, Texas (2006-2014). Previous registrations include Butler Freeman Tally Financial Group in Bedford, Texas; CIBC World Markets in New York, New York; Everen Securities in St. Louis, Missouri; Rauscher Pierce Refsnes in Dallas, Texas; and Smith Barney Harris Upham & Company in New York, New York. He is currently not registered with any state or firm.
According to his BrokerCheck report, James Ham has received one customer complaint and three regulatory sanctions.
In 2015 FINRA sanctioned him following allegations he refused to appear for FINRA-requested testimony connected to an investigation “into the circumstances surrounding a firm customer’s deposit of approximately $170,000 into [his] undisclosed outside business.” He was barred from acting as a broker or otherwise associating with firms that sell securities to the public.
In 2014 FINRA sanctioned him following allegations he failed to pay fines and/or costs of $5,000 in connection to another FINRA action. His registration was revoked.
In 2014 he voluntarily resigned from his position at First Independent Financial Services following allegations he “executed discretionary transactions by making reallocations in the sub accounts of variable annuities owned by customers, without obtaining written authorization from the customers or acceptance of the accounts as discretionary by his member firm.”
In 2014 FINRA sanctioned him following allegations he made unauthorized discretionary transactions. He was issued a 60-day suspension and a fine of $5,000.
In 2001 a customer alleged James Ham, while he was employed at CIBC World Markets, following allegations he made unsuitable investment recommendations and wrote incorrect information on her account. The complaint settled for $125,000.
If you have complaints regarding James Ham, call Fitapelli Kurta at 877-238-4175 for a free consultation. You may be entitled to recoup your losses. All cases are taken on contingency: we only receive payment if and when you recover money. You may have a limited window to file your complaint, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.