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James Schwartz Formerly With Joseph Gunnar & Co. LLC Has 12 Customer Complaints For Alleged Broker Misconduct

Who is James Schwartz formerly with Joseph Gunnar & Co. LLC?

James Schwartz (CRD #3043085) who was formerly registered with Joseph Gunnar & Co. LLC and located in New York, New York, is a subject of one of our many securities industry sales practice abuse investigations.  Prior to Joseph Gunnar & Co. LLC, James Schwartz was associated with other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.

James Schwartz has had his own share regulatory problems. In 2019, James Schwartz was permanently barred by FINRA from any further association with any member firm for allegedly excessively trading the accounts of customers of his member firm and other sales practice violations.

James Schwartz Customer Complaints

James Schwartz has been the subject of 12 customer complaints that we know about to recover investment losses. Eleven customer complaints were settled by his former employers in favor of the investors. One customer complaint for unauthorized trading was denied by the brokerage firm and the customer took no further action.

Allegations Against James James Schwartz

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.
  • Breach of fiduciary duty and unsuitability issues.
  • Unsuitable trading and misleading statements.
  • Negligence, unauthorized trading, churning, unsuitability, and breach of fiduciary duty.
  • Unauthorized trading and unsuitable investment recommendations.
  • Excessive trading, misrepresentations and omissions, and breach of fiduciary duty.
  • Federal securities laws violations, Georgia blue sky laws violations, and excessive trading in breach of advisors’ fiduciary duties.
  • Excessive trading, negligence, breach of fiduciary duty and unsuitable recommendations.

James Schwartz Red Flags & Your Rights As An Investor

Of course, James Schwartz 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 Schwartz at Joseph Gunnar & Co. LLC on alert to review carefully the activity and performance of their accounts and question whether James Schwartz has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Joseph Gunnar & Co. 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.

File A Claim To Recover Your Investment Losses At Joseph Gunnar & Co. LLC Due To James Schwartz

If you have questions about Joseph Gunnar & Co. LLC and/or James Schwartz 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.

Author Photo

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 $160 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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