Erez Law is currently investigating Wedbush Securities Inc. broker James Stephan (CRD# 1628703) regarding unsuitable investment recommendations. He has been registered with Wedbush Securities Inc. in La Jolla, California since 2009.
James Stephan Customer Complaints
He has been the subject of one customer complaint, according to his CRD report:
August 2022. “Claimants’ allegations include Unsuitable Investment Recommendations, Breach of Fiduciary Duty and Negligent Misrepresentation on the part of James Stephan during the timeframe of June 2018 through March 2022.” The customer is seeking $874,000 in damages and the case is currently pending. The complaint took place while he was registered with Wedbush Securities Inc. and was regarding common and preferred stocks, mutual funds, and exchange traded funds (ETFs).
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, Wedbush Securities Inc. may be liable for investment or other losses suffered by James Stephan’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.
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