DEARBORN, MICHIGAN

Are you a former customer of James Parrelly also known as Jim Parrelly from Dearborn, Michigan? The investment fraud and securities arbitration law firm of Israels & Neuman is looking into allegations made by former customers of James Parrelly and his former brokerage firm, Investment Planners. In April 2021, a customer complained that Parrelly engaged in unsuitable trading activity. The claim was brought against Investment Planners, and the customer seeks $206,000 in damages.

Jim Parrelly was registered with Investment Planners from March 2015 to July 2020. He was also registered with a number of other firms between 1981 and 2015. He has been the subject of seven other customer complaints, three regulatory actions, and he was also terminated by Investment Planners in 2020 for using personal email and texts to communicate with clients. James Parrelly also filed for bankruptcy in 2021.

Investment Planners is a FINRA member firm and has an obligation to follow all FINRA rules. Included in those rules is a responsibility to sufficiently supervise the activities of its representatives, including Jim Parrelly. In addition, Parrelly had an obligation to make suitable investment recommendation pursuant to FINRA Rule 2111.

Attorney Aaron Israels is licensed to practice law in Michigan, and our firm maintains an office in Ann Arbor, Michigan. Mr. Israels grew up in Holland, Michigan and went to law school in Detroit.

View BrokerCheck: Parrelly, j BrokerCheck 4.5.22

If you lost money with James Parrelly a/k/a Jim Parrelly or Investment Planners, please Contact Us at 720-599-3505 for a free evaluation of your case.