February 2017-Mansfield, Texas
According to publicly available records James C. Hayne , (CRD# 3257845) , a stockbroker who is not currently registered and who was last employed by Cetera Advisors, discloses 2 pending customer disputes, 6 prior customer disputes and a pending unsatisfied and outstanding lien.
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.
In pending FINRA arbitration 16-3364, a customer of Cetera Advisors and Hayne’s prior employer, First Allied Securities alleges damages of $500,000 for unsuitable investments , breach of fiduciary duty, excessive trading and fraud.
In pending FINRA arbitration 15-2867 a customer of First Allied Securities alleges damages of $750,000 for excessive trading in a family trust account, unsuitable investments given the age of the customer, breach of fiduciary duty, fraud and failure to supervise.
Hayne discloses an unsatisfied tax lien of $150,000 owed to the IRS.
James C. Hayne was employed by Cetera Advisors from 6/2014-2/2017. Prior to that his employment includes Questar Capital and First Allied Securities.
If you have losses in an account handled by James C. Hayne, call to discuss your options.
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.
Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
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