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James Applewhite of BB&T Securities Has 5 Customer Complaints for Alleged Broker Misconduct

Who is James Applewhite of BB&T Securities?

James Applewhite (CRD #1209709) who is currently registered with BB&T Securities and located in Raleigh, North Carolina is a subject of one of our many securities industry sales practice abuse investigations. 

James Applewhite was also the subject of a FINRA investigation for allegedly trading in customer’s accounts without obtaining prior written authorization from the customer and without having the accounts accepted as discretionary accounts by his employer.  As a result, he was suspended for one month and fined $5, 000.

James Applewhite Customer Complaints

James Applewhite has been the subject of 5 customer complaints that we know about, one of those complaints was filed in the last year to recover investment losses.

Three of James Applewhite’s 5 customer complaints were settled in favor of investors. Two of James Applewhite’s customers’ complaints were denied and the customers did not take any further action.

Allegations Against James Applewhite

A sample of the allegations made in the FINRA reported arbitration claim settlements and/or pending complaints for investment losses are as follows:

  • Customers stated that their $400,000 purchase of GJT – floating rate structured security was misrepresented allegedly by James Applewhite. Clients said they wanted to “park” their funds for 12-18 months while they waited on the construction of two properties. They understood from their financial advisor that the investment would earn interest and fluctuate very little. T.  To the contrary, the investment lost $110,240 or 27% of its value.
  • Plaintiffs filed a class action based on allegations of fraud, misrepresentation and omission, unauthorized transactions, unfair and deceptive trade practices, and violations of federal and state securities laws for bond transactions allegedly by James Applewhite.
  • The client alleges James Applewhite failed to follow his instructions about holding invested instruments so as not to incur a loss by selling at a declined value.

James Applewhite Red Flags & Your Rights as an Investor

Of course, James Applewhite did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags that should put all current and former customers of James Applewhite at BB&T Securities on alert to review carefully the activity and performance of their accounts and question whether James Applewhite has engaged in any stockbroker misconduct that may have caused them investment losses.

A large number of customer complaints at BB&T Securities also raises questions about the brokerage firms’ supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.

File A Claim to Recover Your Investment Losses at BB&T Securities Due to James Applewhite

If you have questions about BB&T Securities and/or James Applewhite and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.

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Robert Wayne Pearce

Robert Wayne Pearce of The Law Offices of Robert Wayne Pearce, P.A. has been a trial attorney for more than 40 years and has helped recover over $170 million dollars for his clients. During that time, he developed a well-respected and highly accomplished legal career representing investors and brokers in disputes with one another and the government and industry regulators. To speak with Attorney Pearce, call (800) 732-2889 or Contact Us online for a FREE INITIAL CONSULTATION with Attorney Pearce about your case.

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