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WARNING! Impending Investigation–JAMES C. EASTMAN and WESTPORT RESOURCES INVESTMENT SERVICES

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15
Oct

WARNING! Impending Investigation–JAMES C. EASTMAN and WESTPORT RESOURCES INVESTMENT SERVICES

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James C. Eastman and Westport Resources Investment Services

Have you lost money with financial advisor James C. Eastman of Naples, Florida?  We are investigating allegations made by FINRA (the Financial Industry Regulatory Authority) against James Eastman.  FINRA alleges that Eastman sold investments in Quest Energy Management Group and Permian Advanced Oil Recovery Investment Fund during 2011.  FINRA also alleges that Eastman did not have permission from his broker-dealer, Westport Resources Investment Services, to sell the investments in Quest Energy and Permian Advanced Oil.  It was alleged that this was a violation of FINRA rule-s and Westport’s internal policies. Eastman was alleged to have sold at least $875,000 in investments to customers, while earning $65,000 in commissions for these sales.  As a result of FINRA’s investigation, Eastman agreed to a nine-month suspension by FINRA and a $20,000 fine. James Eastman was a financial advisor and registered representative of Westport Resources Investment Services from January 2010 and October 2012. Broker-dealers like Westport Resources Investment Services have a duty to supervise the conduct of their financial advisors.  The broker-dealers must also ensure that their financial advisors follow securities rules and regulations, including getting permission to sell all investment products.  If a broker-dealer like Westport fails to adequately supervise their advisors and representatives, the broker-dealer may have liability for customer losses.  If you have lost money through James C. Eastman and Quest Energy or Permian Advanced Oil and want to hear about ALL legal options, please visit https://www.israelsneuman.com/ or call us at 720-599-3505.

Click here to view FINRA AWC:  Eastman FINRA AWC

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.
10.0David P Neuman

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