Commonwealth Financial Broker James A. King III, Subject of Customer Complaints Regarding Retirement Accounts

By November 15, 2016News

Per his FINRA BrokerCheck report, Commonwealth Financial Network Broker and Austin Financial Management principle James A. King III was the subject of two customer complaints in 2016.  The thrust of the complaints is that King encouraged various clients to retire early with promises of inflated returns in their retirement accounts.  The damages sought in the two complaints was $2,250,000 and $950,000, respectively.

In 2013, James A. King was also the subject of a FINRA Arbitration regarding the breach of fiduciary duties, misrepresentation, omission of material facts, unsuitability, breach of contract, negligence, and fraud in handling an Employee Stock Ownership Plan (“ESOP”).  Commonwealth Financial Network was ordered to pay the customer $580,000 plus interest at a rate of 8%.

James A. King has been a registered representative of Commonwealth Financial Network since October 2003.

Fishman Haygood represents investors who have suffered investment losses in claims against their brokers or financial advisors. Our experienced attorneys have brought securities fraud cases in state and federal courts across the nation, as well as in FINRA arbitration. We work to help investors recoup their losses.

Of course, all cases are different. For that reason, we analyze each client’s matter individually and provide our personalized evaluation only after considering all of the facts and circumstances of all possible claims. If you or someone you know is the victim of securities fraud, please contact a Fishman Haygood lawyer today.

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