Advisor Alert: Our Attorneys Are Investigating Frank James Parker For Investment Fraud
Did You Lose Money Because of Jim Parker?
Filed: November 15, 2023
Jim Parker (also known as Frank James Parker) has been the subject of one (1) financial event and four (4) customer complaints. As an investor, you may be entitled to compensation for losses accrued due to mismanagement of your investments.
Let’s begin our Patil Law Advisor Alert with a summary report on Frank James Parker.
Who Is Frank James Parker of Cetera Advisor Networks LLC?
- Advisor Name: Frank James Parker
- Aliases: Jim Parker
- CRD: 356563
- Location: Jacksonville, Florida
- Current Employer: Cetera Advisor Networks LLC
- Previous Firms: Stifel, Nicolaus & Company, Incorporated, Janney Montgomery Scott LLC, and Robert W. Baird & Co. Incorporated
- Number of Known Customer Complaints: 4
- Number of Known Financial Events: 1
- Can Jim Parker Be Sued: Yes, in Private Arbitration
- Can Jim Parker’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $797,000
- Highest Settlement: $160,800
If you have suffered investment losses by Frank Parker, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining a stockbroker fraud lawyer. Reach out to the legal team at Patil Law, P.C. via the secure online form or call the firm directly toll-free at 1-800-950-6553.
Customer Complaints Filed Against Jim Parker For Broker Misconduct
As of this publication date, Jim Parker has been the subject of 1 financial event and 4 customer disputes. Let’s review them below.
In September 2020, a complaint was filed against or in reference to Frank Parker by a customer of Cetera Advisor Networks LLC alleging that Mr. Parker invested in “extremely high risk individual stocks” causing loss in the accounts.
In April 2014, Frank Parker filed for bankruptcy.
In January 2014, a complaint was filed against or in reference to Frank Parker by a customer of Stifel, Nicolaus & Company, Incorporated alleging that Mr. Parker did not behave in a responsible nor fiduciary manner. Per the customer, he/she lost over $75,000 because of Mr. Parker’s actions. On April 2, 2014, Mr. Parker settled the claim for $8,375.32.
In September 2012, a FINRA arbitration was filed against or in reference to Frank Parker by a customer of Janney Montgomery Scott LLC alleging excessive trading and claims that transactions were not suitable. Per the customer, he/she lost over $400,000 because of Mr. Parker’s actions. On July 1, 2013, Mr. Parker settled the claim for $75,000, and some or all of this amount may have been paid by Mr. Parker’s employer and/or insurance carrier.
In March 2010, a FINRA arbitration was filed against or in reference to Frank Parker by multiple customers of Janney Montgomery Scott LLC alleging that Mr. Parker recommended unsuitable investments and that they paid excessive commissions and margin interest in their accounts. Per the customers, they lost over $797,000 because of Mr. Parker’s actions. On May 18, 2011, Mr. Parker settled the claim for $160,800, and some or all of this amount may have been paid by Mr. Parker’s employer and/or insurance carrier.
How To File A Claim Against Jim Parker of Cetera Advisor Networks LLC (previously with Stifel, Nicolaus & Company, Incorporated, Janney Montgomery Scott LLC, and Robert W. Baird & Co. Incorporated) To Get Your Money Back.
If you have questions about Frank Parker, Cetera Advisor Networks LLC, Stifel, Nicolaus & Company, Incorporated, Janney Montgomery Scott LLC, Robert W. Baird & Co. Incorporated, or the management or performance of your accounts, please contact Attorney Patil for a free initial consultation via email or toll-free at 1-800-950-6553.