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James Michael Kar of Principal Securities Has 2 Customer Complaints for Alleged Broker Misconduct

Who is James M. Kar of Principal Securities?

James Kar (CRD #1686774) who is currently registered with Principal Securities and located in Miramar, Florida is a subject of one of our many securities industry sales practice abuse investigations.  

Prior to Principal Securities, James Kar was associated with other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.

James Kar Customer Complaints

In his career, James Kar has been the subject of 2 customer complaints that we know about. The allegations made in the FINRA reported customer complaints for investment losses where the claimants alleged they suffered losses as a result of relying on the recommendations of their financial representative into REITs and Universal life policies.

One of James Kar’s 2 customer complaints was settled in favor of investors.  One of James Kar’s customers’ complaints was denied and the customers did not take any further action.

Allegations Against James Kar

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

  • The clients alleged that James Kar did not make investment recommendations that were suitable for their stated risk tolerance
  • Claimants alleged unsuitable investment recommendations by James Kar to invest in REITs and Universal life insurance policies.

James Kar Red Flags & Your Rights as an Investor

Of course, James Kar 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 which should put all current and former customers of James Kar at Principal Securitieson alert to review carefully the activity and performance of their accounts and question whether James Kar has engaged in any stockbroker misconduct that may have caused them investment losses.

A large number of customer complaints at Principal Securities 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 Principal Securities

If you have questions about Principal Securities and/or James Kar 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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