DID JAMES MARTEN LAMONT CAUSE YOU INVESTMENT LOSSES?
James Lamont Formerly With Whitehall Parker Securities, Inc. and Independent Financial Group, LLC Has 14 Customer Complaints For Alleged Broker Misconduct
Who is James Lamont formerly with Whitehall Parker Securities, Inc.?
James Lamont (CRD #2846228) who was formerly registered with Whitehall Parker Securities, Inc. and located in San Francisco, California, is a subject of one of our many securities industry sales practice abuse investigations. Prior to Whitehall Parker Securities, Inc., James Lamont was associated with Independent Financial Group, LLC and other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.
James Lamont has had his own share of regulatory problems. In November 2019, he was suspended and all capacities for 18 months and ordered to pay disgorgement to a customer and fines. When James Lamont failed to pay those fines, his registration was revoked.
James Lamont Customer Complaints
James Lamont has been the subject of 14 customer complaints that we know about to recover investment losses. Thirteen of the customer complaints were settled in favor of the investors. One customer complaint resulted in an arbitration proceeding that is still pending.
Allegations Against Whitehall Parker Securities, Inc.
A sample of the allegations made in the FINRA reported arbitration claim settlements and/or pending complaints for investment losses are as follows:
- Multiple customers alleged unsuitable investment strategy involving large concentration in illiquid, speculative, low-quality, high commission alternative investments.
- Sale of unapproved investment by the broker-dealer known as “selling away.”
- Unsuitable investment recommendation of a viatical settlement contract.
- Misrepresentation and negligence in connection with a Tenant-in-common investment.
- Multiple customers allege misrepresentation of TIC, oil and gas, and REIT investments.
- Breach of fiduciary duty, violation of federal and state securities laws.
James Lamont Red Flags & Your Rights As An Investor
Of course, James Lamont 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 Lamont at Whitehall Parker Securities, Inc. and Independent Financial Group, LLC on alert to review carefully the activity and performance of their accounts and question whether James Lamont has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Whitehall Parker Securities, Inc. and Independent Financial Group, LLC also raises questions about the brokerage firms’ 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 Whitehall Parker Securities, Inc. Due To James Lamont
If you have questions about Whitehall Parker Securities, Inc., Independent Financial Group, LLC and/or James Lamont 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.
Rate this Post
Loading...