Securities Lawyers Blog
The law offices of Gana Weinstein LLP are currently investigating claims that Broker James Stockton (Stockton) 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 Stockton was employed by Dempsey Lord Smith, LLC at the time of the activity. If you have been a victim of Stockton’s alleged misconduct our firm may be able to assist you in recovering funds.
FINRA BrokerCheck shows a final customer complaint on November 06, 2024.
Without admitting or denying the findings, Stockton consented to the sanctions and to the entry of findings that he invested $1,430,000 through private securities transactions and did not provide advance written notice to his member firm to engage in these transactions. The findings stated that Stockton did not make these investments through his firm as they were not securities offered by the firm, and the transactions did not involve firm customers. Stockton also falsely responded to a question about whether he had participated in private securities transactions without prior written approval on a firm compliance questionnaire.
