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James Blake Daughtry formerly with Kestra Investment Services, LLC Has 3 Customer Complaints for Alleged Broker Misconduct In the Past Year

Who is James B. Daughtry formerly with Kestra Investment Services, LLC?

James Daughtry (CRD #3272282) who was formerly registered with Kestra Investment Services, LLC and located in Dothan, Alabama is a subject of one of our many securities industry sales practice abuse investigations. Prior to Kestra Investment Services, LLC, James Daughtry was associated with Ameriprise Financial Services, Inc. and 5 other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.

James Daughtry has had his own regulatory problems. Apparently, he was contacted by FINRA to appear and give testimony in connection with the investigation of potentially fraudulent and unauthorized transactions in his customer’s accounts. 

Daughtry refused to appear and give testimony which by itself is a violation of FINRA rules and grounds for an automatic suspension and potential permanent bar from association with any member firm in the securities industry. Rather than testify, James Daughtry chose to consent to a permanent bar sanction for his refusal to appear for the on-the-record testimony.

Kestra Investment Services, LLC Broker Misconduct

In his career, James Daughtry has been the subject of 3 customer complaints that we know about, all of those complaints were filed in the last year to recover investment losses. There are all currently pending customer complaints filed against James Daughtry’s former employer Kestra Investment Services, LLC for investment losses caused by his alleged misconduct.

Allegations Against James Daughtry

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

  • The plaintiffs alleged that James Daughtry solicited them to open an account with a third-party registered investment adviser who the SEC found to have been engaged in fraud.
  • The client alleged unauthorized transactions, misrepresentations, negligence, and breach of fiduciary duties.
  • The investors alleged they lost approximately $1.5 million as a result of James Daughtry’s solicitation of them to open an account with a third-party registered investment adviser who would be SEC found to have been engaged in fraud.

James Daughtry Red Flags & Your Rights as An Investor

Of course, James Daughtry 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 Daughtry at Kestra Investment Services, LLC and Ameriprise Financial Services, Inc. on alert to review carefully the activity and performance of their accounts and question whether James Daughtry has engaged in any stockbroker misconduct that may have caused them investment losses.

The large number of customer complaints at Kestra Investment Services, LLC also raises questions about 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 Kestra Investment Services, LLC

If you have questions about Kestra Investment Services, LLC and Ameriprise Financial Services, Inc., and/or James Daughtryand 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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