Rex Securities Law Investment Fraud Attorney Investigates Rich Coleman formerly with Richard James & Associates

Rex Securities Law Investment Fraud Attorney Investigates Rich Coleman formerly with Richard James & Associates

Rex Securities Law Investment Fraud Attorney Investigates Rich Coleman formerly with Richard James & Associates 150 150 Robert Rex, Esq.

Last Updated: October 2023 (Melville, NY)

Richard J. Coleman Investigation Summary

Here’s what you need to know about Melville, NY, stockbroker Richard ‘Rick; Coleman:

  • Name: Mr. Richard James Coleman
  • Current Employer: Currently suspended by FINRA
  • Previous Firms: SW Financial (expelled by FINRA 5/2023) Richard James and Associates, Salomon Whitney Financial (expelled by FINRA 5/2023), Legend Securities, Tryco Securities (expelled by FINRA 4/2017), Brookville Capital Partners(expelled by FINRA 6/2015)
  • Function: Stock Broker/ Financial Advisor
  • Aliases: Rich Coleman, Richard J. Coleman, Rick Coleman
  • Primary Location: Melville, NY
  • CRD 2720422
  • Can Rich Coleman be sued in FINRA arbitration: Yes
  • Sanctioned by FINRA: Yes
  • Highest Settlement : $210,000
  • Pending Customer Dispute Seeks Damages of $90,724

Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.

Did You Lose Money With Richard J. Coleman As Your Stockbroker?

Rich Coleman discloses 4 regulatory events, 10 prior customer complaints, 2 pending customer complaints and 2 currently outstanding judgment/liens.

Nine of the broker dealers he has worked for during his career have been expelled by FINRA and are no longer in business.

In his most recent dealings with regulators, in 2020 FINRA suspended Rich Coleman indefinitely for his failure to comply with an arbitration award or settlement agreement. In 2019 FINRA suspended him for 2 years and ordered him to pay restitution in the amount of $139,930 for churning the account of a customer of Legend Securities and SW Financial.

In 2011 a customer of Rockwell Global Capital was paid $210,000 to resolve allegation that Rich Coleman made unsuitable investment recommendations causing losses. Similar claims are made in the other customer complaints that were settled.

Currently pending is a FINRA arbitration filed by a customer of Richard James & Assoc. who alleges that Rich Coleman excessively traded his account, made unsuitable recommendations and overconcentrated the account causing damages of $90,724.

Allegations of Broker Misconduct Against Richard J. Coleman

Customers of Rich Coleman have alleged the following wrongdoing in connection with the handling of customer accounts:

The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.

Recover Your Investment Losses Now With Rex Securities Law

If you have suffered investment losses in an account handled by Rich Coleman, contact us for a complimentary consultation with an experience securities lawyer to learn how you may be able to recover damages through FINRA arbitration.

With offices in Boca Raton, FL and Austin, TX, stockbroker fraud attorney Bob Rex provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers, financial advisors and broker dealers.

If you have questions about how your account has been handled, call (877) 224-3199 to speak with an experienced securities attorney at no cost to you.

Most cases are handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

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