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Written by 2:22 pm Current Investigations

James C. McCormick, Jr. Barred from Securities Industry

James C. McCormick, Jr.

Concerned about investment losses with James C. McCormick, Jr.?

Have you suffered losses investing with James C. McCormick, Jr.? If so, The White Law Group may be able to help you recover your losses by filing a FINRA Arbitration claim against the brokerage firm that sold you the investments.

According to FINRA, James C. McCormick, Jr. (CRD #2677703, Harrisonburg, Virginia) submitted an AWC in which he was barred from association with any FINRA member in any capacity. Without admitting or denying the findings, McCormick consented to the sanction and to the entry of findings that he refused to appear for FINRA-requested testimony as part of an investigation into the circumstances surrounding his termination from his member firm and customer complaints against him that the firm had reported on his Form U5.

For FINRA’s full findings see FINRA Case #2015048249901

According to FINRA BrokerCheck, McCormick was registered with Wells Fargo Advisors in Harrisburg, VA from 01/2007 – 12/2015. McCormick has four customer disputes listed on his BrokerCheck since 2001, allegedly for excessive trading and unauthorized transactions.

Failure to Supervise

Brokerage firms are required to adequately supervise their advisors. They must ensure they are complying with FINRA rules.

When brokers abuse client accounts and conduct transactions that violate securities laws, the brokerage firm they are working with may be liable for investment losses. Brokerage firms that fail to monitor the business activities of their employees may be liable for investment losses.

The brokerage firms can be held responsible for any losses in a FINRA arbitration claim if it is determined that they failed to properly supervise their agent.

If you suffered losses investing with James C. McCormick, Jr., the attorneys at The White Law Group may be able to help. For a free consultation, please call (888) 637-5510

The foregoing information, which is all publicly available on FINRA’s website, is being provided by The White Law Group. The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Franklin, Tennessee. For more information on the firm and it’s representation of investors, visit www.whitesecuritieslaw.com.



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