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James McKinney Formerly With Cetera Advisors LLC Has 8 Customer Complaints For Alleged Broker Misconduct

Who is James McKinney, formerly with Cetera Advisors LLC?

James McKinney

James McKinney (CRD #2100850) is a previously registered broker who was formerly registered with Cetera Advisors LLC and located in Tulsa, Oklahoma, is a subject of one of our many securities industry sales practice abuse investigations.  Prior to Cetera Advisors LLC, James McKinney was associated with other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.

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James McKinney has had his own share of regulatory problems. In 2019, he was permanently barred by FINRA from any further association with any FINRA member firm for failure to cooperate in one of its investigations.

James McKinney Customer Complaints

James McKinney has been the subject of 8 customer complaints that we know about to recover investment losses. Four of the customer complaints were settled in favor of the investors. Three of the customer complaints were denied by James McKinney’s employer and it appears customers took no further action. One customer complaint remains pending.

Allegations Against James McKinney

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

  • Unsuitable investment recommendations of direct investments.
  • Unsuitable investment recommendation to liquidate stocks and purchase annuity contracts.
  • Liquidation and subsequent reinvestment of customers 457 plan not in his best interest.
  • Common law fraud, breach of fiduciary duty, and negligence.
  • Misrepresentation of REIT investments.
  • Unsuitable investment recommendations.

James McKinney Red Flags & Your Rights As An Investor

Of course, James McKinney 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 McKinney at Cetera Advisors LLC on alert to review carefully the activity and performance of their accounts and question whether James McKinney has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Cetera Advisors LLC also raises questions about the brokerage firm’s supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.

Related Read: How to Sue Your Financial Advisor or Broker Over Investment Losses

Did You Lose Money Because of Broker Misconduct?

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If you have lost money due to negligence or fraud by a stockbroker or advisor, the easiest way to know if you have a case is to call our office at 800-732-2889. Our investment fraud attorneys will evaluate your claim for free and let you know if we can help you recover your losses.

Need Legal Help? Let’s talk.

or, give us a ring at 561-338-0037.

File A Claim To Recover Your Investment Losses At Cetera Advisors LLC Due To James McKinney

If you have questions about Cetera Advisors LLC and/or James McKinney 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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