James Bernthal Investigation
June 2023-New York, NY
According to publicly available records James R. Bernthal a broker with Aegis Capital Corp., discloses 3 prior and a pending customer dispute.
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.
Bernthal discloses three cases while he was employed by prior broker dealer ,as follows:
- Obsidian Financial Group customer alleged excessive trading and suitability from November 2010 to August2013. The case settled for $11,750 paid entirely by Bernthal individually.
- Obsidian Financial Group customer alleged unsuitable securities, breach of contract, fraud and churning. The case settled for $30,000 with $15,000 paid by Bernthal individually.
- Obsidian Financial Group customer alleged misrepresentations/omissions, unsuitable recommendations, excessive transactions and a gross lack of supervision. Exact dates were not stipulated in the statement of claim, however, October 2011 was mentioned as the time marked when through a downturn and the portfolio “declined exponentially”. This case settled for $50,000 paid entirely by Bernthal individually.
In FINRA case #23-00633 an Aegis Capital Corp. customer alleges misrepresentation and omission of material facts and unauthorized trading. The customer is seeking damages of $771,631 in this currently pending matter.
Bernthal has been employed by Aegis Capital Corp. since 4/2020. Before that time he was with Dawson James Securities from 4/2016 to 5/2020, Network 1 Financial Securities, Inc. from 12/2012-4/2016 and Obsidian Financial Group from 7/10 to 12/2012.
If you have suffered losses in an account handled by James Bernthal contact us for a no charge consultation to learn how you may be able to recover damages through FINRA arbitration.
Rex Securities Law Investment Fraud Attorney Investigates Dawson James Securities
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.
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