INVESTOR ALERT! Cory Williams

Israels & Neuman, PLC Investigates James Hayne, formerly of Cetera Advisors, Questar Capital Corp. First Allied Securities

 

Have you lost money with financial advisor James C. Hayne, Jr. of Cetera Advisors of Mansfield, Texas, and formerly of Glendora, California?  We are investigating allegations of former customers related to Jim Hayne. Jim Hayne’s CRD report, a public record maintained by FINRA, states that Hayne has been the subject of eight customer complaints and FINRA arbitration lawsuits.

 

Specifically, James Hayne’s CRD contains the following allegations:

 

  1. One former client alleged excessive trading, breach of fiduciary duty, fraud, breach of contract, and negligence, amounting to losses of $750,000
  2. Another former client alleged breach of fiduciary duty, misrepresentations, and a failure to supervise, alleging over $500,000 in damages.

 

James Hayne was a registered representative of Cetera Advisors from June 2014 to February 2017.  He also worked with First Allied Securities from September 2008 to October 2013 and with Questar Capital Corp from September 2013 to June 2014. He previously worked at branch offices in Mansfield, Texas and Glendora, California.  He also was the subject of a 2015 federal tax lien of $150,000.

 

Brokerage firms like Cetera Advisors, First Allied Securities, and Questar Capital Corp. have a responsibility to adequately supervise all representatives who are registered through their firm.  Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies.  When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.

 

Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado and in Bellevue, Washington.  We represent investors in FINRA arbitration proceedings in all 50 states, including investors in Texas and the Dallas-Fort Worth area. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including, Cetera Advisors, Questar Capital Corp. and many others.

 

Click to view:  Hayne, James BrokerCheck 3.6.17

 

IF YOU LOST MONEY WITH JAMES HAYNE, CETERA ADVISORS, FIRST ALLIED SECURITIES, AND QUESTAR CAPITAL CORP., PLEASE CONTACT US AT (720) 599-3505 OR (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.