Written by The White Law Group• August 1, 2019• 6:15 pm• Blog, Current Investigations

James H. Heafner (Jim Heafner) Broker Investigation

James H. Heafner, Taylor Capital Management – Charlotte, NC

Are you concerned about your investments with James H. Heafner in Charlotte, NC? If so, the securities attorneys at The White Law Group may be able to help you by filing a FINRA Dispute Resolution claim.

According to the Financial Industry Regulatory Authority ( FINRA), the regulator has reportedly barred Heafner from associating with any FINRA member at any time after he allegedly failed to provide information in its investigation.

FINRA was reportedly investigating Heafner’s “possible involvement in an outside business activity that was not approved by his member firm.” According to an article in the Charlotte Observer in May, Heafner allegedly recommended and sold a fraudulent offering, 1 Global Capital (“1^st Global Capital”) to investors.

Heafner, president of Heafner Financial Solutions, reportedly has three pending complaints filed against him seeking hundreds of thousands of dollars in damages involving 1^st Global Capital, according to disclosures on his FINRA BrokerCheck record.

According to Heafner’s broker report, he was reportedly registered with Taylor Capital Management in Charlotte, North Carolina from 2011 until January 2018 when he was allegedly discharged for “Failure to follow written policies and procedures in regard to Outside Business Activities.”

Securities Fraud Lawsuits

The White Law Group is investigating potential lawsuits regarding the liability that Taylor Capital Management may have for failure to properly supervise Heafner.

When brokers violate securities laws,such as participating in undisclosed outside business activities, the brokerage firm they are working with may be liable for investment losses through FINRA Arbitration.

Brokerage firms that fail to monitor the business activities of their employees may be liable for investment losses due to negligent supervision for the misconduct of their employees.

The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Franklin, Tennessee.

We represent investors in FINRA arbitration claims in all 50 states, including North Carolina. Our attorneys have recovered millions of dollars from many brokerage firms in the past, including Taylor Capital Management.