Securities Lawyers Blog
The law offices of Gana Weinstein LLP are currently investigating claims that Broker James Etter (Etter) has been accused by investors of engaging in fraudulent misappropriation of their funds. According to records kept by The Financial Industry Regulatory Authority (FINRA), it appears that Etter was employed by Natalliance Securities, LLC at the time of the activity. If you have been a victim of Etter’s alleged misconduct our firm may be able to assist you in recovering funds.
FINRA BrokerCheck shows a final customer complaint on November 12, 2024.
Without admitting or denying the findings, Etter consented to the sanctions and to the entry of findings that he participated in private securities transactions that raised $110,000 from investors without prior disclosure to his member firm. The findings stated that Etter solicited investments in an entity he founded and controlled, answered questions about the investments, and collected investment paperwork and investment funds. The investors were not customers of Etter’s firm and later received their funds back. The findings also stated that Etter participated in an undisclosed OBA without disclosing the activity in writing and obtaining his firms approval. Etter provided business development and due diligence services to a solar equipment company and received approximately $66,000 in compensation for that work.
