Last Updated: November 2023 (Hicksville, NY)
James Gustafson Investigation Summary
Here’s what you need to know about Hicksville, NY, stockbroker James Gustafson:
- Name: Mr. James Michael Gustafson
- Current Employer: Not currently registered with FINRA
- Previous Firms: Fordham Financial Management, Joseph Stone Capital, Dawson James Securities, Lampert Capital Markets
- Function: Stock Broker/ Financial Advisor
- Aliases: James Gustafson
- Primary Location: Hicksville, NY
- CRD 2821312
- Can James Gustafson be sued in FINRA arbitration: Yes
- Sanctioned by Florida Securities Regulator: Yes
- Discloses Outstanding Judgment/Liens: Yes
- Highest Settlement or Award: $14,999
Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With James Gustafson As Your Stockbroker?
In 2021 a customer of PHX Financial was paid $14,999 to settle a FINRA arbitration alleging that James Gustafson traded the account excessively, made unauthorized trades and breached his fiduciary duty.
Allegations of Broker Misconduct Against James Gustafson
Customers of James Gustafson have alleged the following wrongdoing in connection with the handling of customer accounts:
- Excessive Trading (Churning)
- Unauthorized Trading
What is Excessive Trading (Churning)?
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
See this for information on our other investigations of PHX Financial brokers
Rex Securities Law Investment Fraud Attorney Investigates Dawson James Securities
If you have suffered investment losses in an account handled by James Gustafson, contact us for a complimentary consultation with an experienced 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.