Unsuitable Investment Recommendations with Independent Financial Group, LLC Broker James Shawver

Independent Financial Group

Were you the victim of Independent Financial Group, LLC broker James Shawver (CRD# 2571148) who is accused of unsuitable investment recommendations? He has been registered with Peak Brokerage Services, LLC in Boynton Beach, Florida since 2020. Previously, he was registered Independent Financial Group, LLC in Boynton Beach, Florida from 2013 to 2020.

James Shawver Customer Complaints

He has been the subject of four customer complaints between 2002 and 2022, one of which was denied, according to his CRD report. The most recent complaints were regarding: 

June 2022. “Negligence, Unsuitable Recommendations, Negligent Supervision, Fraud, Violation of FINRA Rule 2210.” The customer is seeking $100,001 in damages and the case is currently pending. The complaint took place while he was registered with Independent Financial Group, LLC and was regarding non-traded REITs and BDCAs.

May 2020. “Alleges the investments were not suitable, resulting in losses

damage amount requested.” The customer sought $80,000 in damages and the case was settled for $10,000. The complaint was regarding direct investments and took place while he was registered with Independent Financial Group, LLC.

Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Independent Financial Group, LLC may be liable for investment or other losses suffered by James Shawver’s customers.

Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.

Did You Lose Money Investing with Robert Vance?

Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form below for a free consultation.

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