Last Updated: April 2026 — Prescott, AZ
Here’s what you need to know about Prescott, AZ stockbroker James Michael Poindexter:
- Name: James Michael Poindexter
- Current Employer: McDermott Investment Services, LLC; Independent Wealth Network, Inc.
- Prior Firms:
- Brokers International Financial Services, LLC (2017–2019)
- Investment Advisors Corp (2015–2017)
- Broker Dealer Financial Services Corp. (2015–2017)
- Centaurus Financial, Inc. (2005–2015)
- MML Investors Services, Inc. (2000–2005)
- Other Business Affiliations:
- Poindexter Financial Group, LLC—The Financial Coach– (owner; insurance sales, consulting, financial planning)
- JMP Legacy Properties, LLC (real estate management)
- CRD Number: 1867899
- Stockbroker / Financial Advisor: Yes
- Can Broker be Sued in FINRA: Yes
- Sanctioned by Securities Regulators: No
- Current Customer Dispute Seeks Total Damages of: $624,000
James Michael Poindexter is currently registered with McDermott Investment Services, LLC and Independent Wealth Network, Inc. in Prescott, Arizona. He has been in the securities industry since the late 1980s and holds multiple licenses, including the Series 7, Series 24, and Series 63. He also holds the Certified Financial Planner (CFP) and Chartered Financial Consultant (ChFC) designations.
If you’ve sustained damages from Mr. Poindexter, discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With James Poindexter As Your Stockbroker?
James Poindexter is the subject of a dispute filed by a customer of McDermott Investment Services involving alternative real estate investments:
- February 2026 (FINRA Case No. 26-00319): Claimants allege that Mr. Poindexter recommended investments in Delaware Statutory Trusts (DSTs) between 2021 and 2023 as part of 1031 exchanges. The claim asserts that several of these DST investments underperformed expectations and includes allegations of unsuitability, failure to conduct due diligence, breach of fiduciary duty, negligence, misrepresentation, omission of material facts, and failure to supervise. The case seeks $624,000 in damages and is currently pending.
Delaware Statutory Trust-A Delaware Statutory Trust (DST) is a legally recognized real estate investment trust (REIT) in which investors can purchase fractional ownership in property as beneficiaries of the trust.
Internal Revenue Ruling 2004-86 declared that DST’s are like-kind and therefore qualify as 1031 exchange property. A 1031 exchange allows real estate investors to swap one investment for another and defer capital gains taxes.
Ownership of real property as a beneficiary of the DST offers investors the same benefits and risks as direct ownership without the management responsibility since a trustee is appointed to manage the property on behalf of the investors. Since the IRS has declared ownership of real property via a Delaware Statutory Trust to be like kind property for purposes of 1031 exchange, a much broader and diverse selection of investment property is now available.
Other Investigations Involving Delaware Statutory Trusts
Allegations of Broker Misconduct Against James Michael Poindexter
- Unsuitability
Recommending illiquid or complex investments such as DSTs without ensuring they match a client’s objectives may violate FINRA Rule 2111 (Suitability). - Breach of Fiduciary Duty
Advisors must act in the best interest of their clients under SEC Regulation Best Interest (Reg BI, Rule 15l-1). - Misrepresentation
- Breach of Contract
Recover Your Investment Losses Now With Rex Securities Law
If you have suffered investment losses in an account handled by James Michael Poindexter, 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.