Did You Lose Money Because of James Ellis?
Filed: October 25, 2023
Jim Ellis (also known as James Ellis Yingling) has been the subject of two (2) 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 James Edward Ellis.
Who Is James Edward Ellis of Cambridge Investment Research, Inc. and Cambridge Investment Research Advisors, Inc.?
- Advisor Name: James Edward Ellis
- Aliases: James Ellis, Jim Ellis, James Ellis Yingling
- CRD: 3211966
- Location: Altoona, Pennsylvania
- Current Employer: Cambridge Investment Research, Inc. and Cambridge Investment Research Advisors, Inc.
- Previous Firms: Sanders Morris Harris Inc. and AQ3 Financial Corp.
- Number of Known Customer Complaints: 2
- Can James Ellis Be Sued: Yes, in Private Arbitration
- Can James Ellis’s Employers Be Sued For Failing to Supervise His Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $1,000,000
- Highest Settlement: $75,000
If you have suffered investment losses by James Ellis, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining an investment 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 James Ellis For Broker Misconduct
As of this publication date, James Ellis has been the subject of 2 customer disputes. Let’s review them below.
In August 2020, a complaint was filed against or in reference to James Ellis by a customer of Cambridge Investment Research, Inc. alleging that Mr. Ellis sold alternative, illiquid and complex investment products rather than traditional liquid and well-diversified investment portfolio options to the client. Per the customer, he/she lost over $1,000,000 due to Mr. Ellis’s actions. On December 23, 2021, Mr. Ellis settled the claim for $75,000, and some or all of this amount may have been paid by Mr. Ellis’s employer and/or insurance carrier.
In August 2020, a complaint was filed against or in reference to James Ellis by multiple customers of Cambridge Investment Research, Inc. alleging that Mr. Ellis significantly exposed clients to large concentrated positions in illiquid investments without fair and balanced disclosures. Per the customers, they lost over $350,000 due to Mr. Ellis’s actions. On December 16, 2021, Mr. Ellis settled the claim for $45,000, and some or all of this amount may have been paid by Mr. Ellis’s employer and/or insurance carrier.
How To File A Claim Against James Ellis of Cambridge Investment Research, Inc. and Cambridge Investment Research Advisors, Inc. (previously with Sanders Morris Harris Inc. and AQ3 Financial Corp.) To Get Your Money Back.
If you have questions about James Ellis, Cambridge Investment Research, Inc., Cambridge Investment Research Advisors, Inc., Sanders Morris Harris Inc., AQ3 Financial Corp., 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.
