The securities fraud attorneys at Meyer Wilson are currently investigating
claims against former broker James E. Mahan (CRD# 5787176).
On July 25, 2016, the Financial Industry Regulatory Authority (FINRA) permanently
barred former Raymond James Financial Services, Inc. broker James Mahan
(CRD# 5787176) “from acting as a broker or otherwise associating
with firms that sell securities to the public.”
According to FINRA, Mahan’s previous employer, J.P. Morgan Securities
LLC, had filed an amended Uniform Termination Notice reporting that he
was under internal review after recommending an unapproved outside investment
to one of the firm’s clients. FINRA Rule 8210 gives FINRA the authority
to require a registered broker to, “provide information orally,
in writing, or electronically ... and to testify at a location specified
by FINRA Staff, under oath or affirmation ... with respect to any matter
involved in the investigation." Mahan failed to do so, thereby violating
FINRA Rules 8210 and 2010.
Without admitting or denying the findings, Mahan signed a Letter of Acceptance,
Waiver and Consent consenting to FINRA’s sanctions on July 12, 2016.
He was registered with Raymond James Financial Services, Inc. based out
of New Braunfels, TX at the time of FINRA’s sanctions. He was previously
- J.P. Morgan Securities LLC based out of New Braunfels, TX
- Merrill Lynch, Pierce, Fenner & Smith Incorporated based out of San
- Chase Investment Services Corp. based out of New Braunfels, TX
Contact the securities fraud attorneys at Meyer Wilson for a free case
consultation today if you lost money investing with former Raymond James Financial
Services, Inc. broker James Mahan. You can also request a meeting with
one of our securities fraud lawyers by calling us at (614) 705-0951. We
handle all cases on a contingency fee basis, so you won’t owe any
legal fees unless we can help you recover your losses.